Will “Credit Analyst” be Replaced By Robots? 🤔
100 % Chance of Automation
“Credit 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 Administrator
- Analyst
- Loan Review Analyst
- Loan Officer
- Financing Analyst
- Financial Analyst
- Factorer
- Escrow Representative
- Credit Specialist
- Credit Negotiator
- Credit Assessment Analyst
- Credit Analyst
Tasks for “Credit Analyst”
- Complete loan applications, including credit analyses and summaries of loan requests, and submit to loan committees for approval.
- 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.
- Generate financial ratios, using computer programs, to evaluate customers' financial status.
- Evaluate customer records and recommend payment plans based on earnings, savings data, payment history, and purchase activity.
- 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.
- Analyze financial data such as income growth, quality of management, and market share to determine expected profitability of loans.
- Consult with customers to resolve complaints and verify financial and credit transactions.
Related Technology & Tools
- 10-key calculators
- Desktop computers
- Scanners
- Personal computers
- Notebook computers
- Experian Strategy Management
- Moody's KMV Financial Analyst
- Experian Quest
- Credit and risk analysis software
- Microsoft Word
- CGI-AMS BureauLink Enterprise
- Equifax Application Engine
- Fair Isaac Capstone Decision Manager
- Fair Isaac Application Risk Model Software
- CGI-AMS Strata
- Experian Credinomics
- Moody's KMV Risk Analyst
- eCredit Enterprise
- Microsoft Excel
- Structured query language SQL
- Fair Isaac Falcon ID
- Credit fraud detection software
- Microsoft PowerPoint
- CGI-AMS CACS Enterprise
- Dun and Bradstreet Global DecisionMaker
- Oracle JD Edwards EnterpriseOne
- Credit adjudication and lending management system CALMS
- Experian FraudShield
- Equifax InterConnect
- Equifax Advanced Decisioning
- Microsoft Office
- Moody's KMV Decisions
- SAP
- Experian Transact SM
- Experian Retention Triggers
- Moody's KMV Risk Advisor
- Experian Detect
- Moody's KMV CreditEdge
- SAS