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