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