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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 “Underwriter”
- 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.
- 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.
- Review individual or commercial customer files to identify and select delinquent accounts for collection.
- Prepare reports that include the degree of risk involved in extending credit or lending money.
- Consult with customers to resolve complaints and verify financial and credit transactions.
- Confer with credit association and other business representatives to exchange credit information.
- Compare liquidity, profitability, and credit histories of establishments being evaluated with those of similar establishments in the same industries and geographic locations.
- Complete loan applications, including credit analyses and summaries of loan requests, and submit to loan committees for approval.
Related Technology & Tools
- Scanners
- 10-key calculators
- Notebook computers
- Personal computers
- Desktop computers
- Experian Quest
- Dun and Bradstreet Global DecisionMaker
- CGI-AMS CACS Enterprise
- Moody's KMV Risk Analyst
- Credit adjudication and lending management system CALMS
- Credit fraud detection software
- SAP
- Moody's KMV Decisions
- Microsoft Office
- Oracle JD Edwards EnterpriseOne
- SAS
- Equifax InterConnect
- Moody's KMV Risk Advisor
- Experian Transact SM
- Experian Strategy Management
- CGI-AMS BureauLink Enterprise
- eCredit Enterprise
- Equifax Application Engine
- Moody's KMV CreditEdge
- Experian Retention Triggers
- Credit and risk analysis software
- CGI-AMS Strata
- Equifax Advanced Decisioning
- Experian FraudShield
- Microsoft PowerPoint
- Structured query language SQL
- Fair Isaac Application Risk Model Software
- Microsoft Excel
- Experian Credinomics
- Fair Isaac Falcon ID
- Microsoft Word
- Moody's KMV Financial Analyst
- Fair Isaac Capstone Decision Manager
- Experian Detect