Will “Credit Specialist” be Replaced By Robots? 🤔
100 % Chance of Automation
“Credit Specialist” will definitely be replaced by robots.
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Job Description
Analyze credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. Prepare reports with credit information for use in decision making.
Job Details
- The SOC (Standard Occupational Classification) code is 13-2041.00
- The Mean Annual Wage in the U.S. is $ 81,160.00
- The Mean Hourly Wage is $ 39.00
- Currently, there are 72,930 people on this job
☝️ Information based on the reference occupation “Credit Analysts”.
Also Known As…
- Credit Analysts
- Underwriter
- Risk Analyst
- Credit Risk Analyst
- Credit Representative
- Credit Manager
- Credit and Collections Analyst
- Credit Analyst
- Credit Administrator
- Analyst
- Loan Review Analyst
- Loan Officer
- Financing Analyst
- Financial Analyst
- Factorer
- Escrow Representative
- Credit Negotiator
- Credit Assessment Analyst
Tasks for “Credit Specialist”
- Review individual or commercial customer files to identify and select delinquent accounts for collection.
- Analyze financial data such as income growth, quality of management, and market share to determine expected profitability of loans.
- Evaluate customer records and recommend payment plans based on earnings, savings data, payment history, and purchase activity.
- Confer with credit association and other business representatives to exchange credit information.
- Complete loan applications, including credit analyses and summaries of loan requests, and submit to loan committees for approval.
- Prepare reports that include the degree of risk involved in extending credit or lending money.
- Compare liquidity, profitability, and credit histories of establishments being evaluated with those of similar establishments in the same industries and geographic locations.
- Consult with customers to resolve complaints and verify financial and credit transactions.
- Generate financial ratios, using computer programs, to evaluate customers' financial status.
- Analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money.
Related Technology & Tools
- Scanners
- Notebook computers
- Personal computers
- Desktop computers
- 10-key calculators
- Fair Isaac Application Risk Model Software
- Microsoft Word
- Microsoft Office
- Experian FraudShield
- SAS
- Moody's KMV Decisions
- Credit adjudication and lending management system CALMS
- CGI-AMS BureauLink Enterprise
- Equifax Advanced Decisioning
- Experian Transact SM
- Microsoft Excel
- Microsoft PowerPoint
- Equifax InterConnect
- Structured query language SQL
- Credit and risk analysis software
- Moody's KMV CreditEdge
- Oracle JD Edwards EnterpriseOne
- Fair Isaac Falcon ID
- eCredit Enterprise
- Fair Isaac Capstone Decision Manager
- CGI-AMS CACS Enterprise
- Credit fraud detection software
- Experian Credinomics
- Moody's KMV Financial Analyst
- SAP
- Moody's KMV Risk Advisor
- Experian Quest
- Equifax Application Engine
- Experian Detect
- Experian Strategy Management
- Moody's KMV Risk Analyst
- Experian Retention Triggers
- Dun and Bradstreet Global DecisionMaker
- CGI-AMS Strata