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