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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.
- 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.
- Analyze financial data such as income growth, quality of management, and market share to determine expected profitability of loans.
- 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.
- Compare liquidity, profitability, and credit histories of establishments being evaluated with those of similar establishments in the same industries and geographic locations.
- 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.
- Generate financial ratios, using computer programs, to evaluate customers' financial status.
Related Technology & Tools
- Desktop computers
- 10-key calculators
- Personal computers
- Notebook computers
- Scanners
- Microsoft Word
- Experian Transact SM
- Equifax Application Engine
- Fair Isaac Application Risk Model Software
- Microsoft Excel
- Fair Isaac Capstone Decision Manager
- Microsoft Office
- CGI-AMS Strata
- eCredit Enterprise
- SAS
- Oracle JD Edwards EnterpriseOne
- Moody's KMV CreditEdge
- Equifax InterConnect
- SAP
- Credit and risk analysis software
- Microsoft PowerPoint
- Structured query language SQL
- CGI-AMS BureauLink Enterprise
- Experian Detect
- Experian FraudShield
- Fair Isaac Falcon ID
- Equifax Advanced Decisioning
- Moody's KMV Risk Advisor
- Moody's KMV Risk Analyst
- Credit adjudication and lending management system CALMS
- CGI-AMS CACS Enterprise
- Experian Strategy Management
- Dun and Bradstreet Global DecisionMaker
- Moody's KMV Decisions
- Moody's KMV Financial Analyst
- Credit fraud detection software
- Experian Retention Triggers
- Experian Credinomics
- Experian Quest