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