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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
- Escrow Representative
- Credit Specialist
- Credit Negotiator
- Credit Assessment Analyst
Tasks for “Factorer”
- 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.
- Consult with customers to resolve complaints and verify financial and credit transactions.
- Prepare reports that include the degree of risk involved in extending credit or lending money.
- Review individual or commercial customer files to identify and select delinquent accounts for collection.
- 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.
Related Technology & Tools
- Scanners
- Notebook computers
- Desktop computers
- Personal computers
- 10-key calculators
- Experian Credinomics
- Fair Isaac Capstone Decision Manager
- Experian Detect
- Fair Isaac Application Risk Model Software
- Structured query language SQL
- Moody's KMV Financial Analyst
- Moody's KMV CreditEdge
- Credit fraud detection software
- CGI-AMS Strata
- Credit adjudication and lending management system CALMS
- SAP
- Experian Strategy Management
- Moody's KMV Decisions
- CGI-AMS CACS Enterprise
- eCredit Enterprise
- Dun and Bradstreet Global DecisionMaker
- Equifax InterConnect
- Equifax Application Engine
- Microsoft PowerPoint
- Microsoft Excel
- Moody's KMV Risk Advisor
- Experian Retention Triggers
- Moody's KMV Risk Analyst
- Credit and risk analysis software
- CGI-AMS BureauLink Enterprise
- Fair Isaac Falcon ID
- Experian FraudShield
- SAS
- Experian Quest
- Microsoft Office
- Experian Transact SM
- Equifax Advanced Decisioning
- Oracle JD Edwards EnterpriseOne
- Microsoft Word