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