Will “Risk Analyst” be Replaced By Robots? 🤔
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“Risk Analyst” 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 Specialist
- Credit Negotiator
- Credit Assessment Analyst
Tasks for “Risk Analyst”
- Confer with credit association and other business representatives to exchange credit information.
- Analyze financial data such as income growth, quality of management, and market share to determine expected profitability of loans.
- 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.
- Compare liquidity, profitability, and credit histories of establishments being evaluated with those of similar establishments in the same industries and geographic locations.
- Review individual or commercial customer files to identify and select delinquent accounts for collection.
- 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.
- Complete loan applications, including credit analyses and summaries of loan requests, and submit to loan committees for approval.
- Evaluate customer records and recommend payment plans based on earnings, savings data, payment history, and purchase activity.
Related Technology & Tools
- Desktop computers
- Notebook computers
- Scanners
- 10-key calculators
- Personal computers
- Moody's KMV Risk Analyst
- Equifax Advanced Decisioning
- Structured query language SQL
- Experian Quest
- Experian Retention Triggers
- Moody's KMV Financial Analyst
- Moody's KMV Risk Advisor
- Fair Isaac Falcon ID
- CGI-AMS BureauLink Enterprise
- Experian Credinomics
- eCredit Enterprise
- Microsoft Excel
- CGI-AMS Strata
- CGI-AMS CACS Enterprise
- SAP
- Microsoft Word
- Equifax InterConnect
- Moody's KMV CreditEdge
- Credit and risk analysis software
- Oracle JD Edwards EnterpriseOne
- Experian Strategy Management
- Fair Isaac Application Risk Model Software
- Credit adjudication and lending management system CALMS
- Equifax Application Engine
- Microsoft Office
- Dun and Bradstreet Global DecisionMaker
- Experian Detect
- Experian FraudShield
- Fair Isaac Capstone Decision Manager
- Moody's KMV Decisions
- Experian Transact SM
- Microsoft PowerPoint
- Credit fraud detection software
- SAS