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”
- Complete loan applications, including credit analyses and summaries of loan requests, and submit to loan committees for approval.
- Compare liquidity, profitability, and credit histories of establishments being evaluated with those of similar establishments in the same industries and geographic locations.
- Review individual or commercial customer files to identify and select delinquent accounts for collection.
- Consult with customers to resolve complaints and verify financial and credit transactions.
- Confer with credit association and other business representatives to exchange credit information.
- Generate financial ratios, using computer programs, to evaluate customers' financial status.
- Prepare reports that include the degree of risk involved in extending credit or lending money.
- Evaluate customer records and recommend payment plans based on earnings, savings data, payment history, and purchase activity.
- Analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money.
- Analyze financial data such as income growth, quality of management, and market share to determine expected profitability of loans.
Related Technology & Tools
- 10-key calculators
- Scanners
- Notebook computers
- Personal computers
- Desktop computers
- Structured query language SQL
- Moody's KMV Risk Advisor
- Credit adjudication and lending management system CALMS
- Experian Quest
- Moody's KMV Decisions
- Microsoft Office
- Dun and Bradstreet Global DecisionMaker
- Experian Credinomics
- Equifax Advanced Decisioning
- Experian Transact SM
- Experian Retention Triggers
- Equifax InterConnect
- SAP
- Microsoft PowerPoint
- Experian FraudShield
- eCredit Enterprise
- Credit fraud detection software
- Fair Isaac Application Risk Model Software
- Moody's KMV Risk Analyst
- Credit and risk analysis software
- CGI-AMS CACS Enterprise
- Experian Strategy Management
- CGI-AMS Strata
- SAS
- Moody's KMV CreditEdge
- Fair Isaac Capstone Decision Manager
- Moody's KMV Financial Analyst
- Oracle JD Edwards EnterpriseOne
- Microsoft Excel
- Equifax Application Engine
- CGI-AMS BureauLink Enterprise
- Fair Isaac Falcon ID
- Experian Detect
- Microsoft Word