Will “Credit and Collections Analyst” be Replaced By Robots? 🤔
100 % Chance of Automation
“Credit and Collections Analyst” will definitely be replaced by robots.
This job is ranked #677 out of #702. A higher ranking (i.e., a lower number) means the job is less likely to be replaced.
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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 Analyst
- Credit Administrator
- Analyst
- Loan Review Analyst
- Loan Officer
- Financing Analyst
- Financial Analyst
- Factorer
- Escrow Representative
- Credit Specialist
- Credit Negotiator
- Credit Assessment Analyst
- Credit and Collections Analyst
Tasks for “Credit and Collections Analyst”
- Compare liquidity, profitability, and credit histories of establishments being evaluated with those of similar establishments in the same industries and geographic locations.
- Consult with customers to resolve complaints and verify financial and credit transactions.
- Review individual or commercial customer files to identify and select delinquent accounts for collection.
- 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.
- Complete loan applications, including credit analyses and summaries of loan requests, and submit to loan committees for approval.
- Generate financial ratios, using computer programs, to evaluate customers' financial status.
- Confer with credit association and other business representatives to exchange credit information.
Related Technology & Tools
- Desktop computers
- Personal computers
- Scanners
- Notebook computers
- 10-key calculators
- Microsoft PowerPoint
- eCredit Enterprise
- Experian Detect
- Experian Credinomics
- Moody's KMV Risk Advisor
- Microsoft Office
- Dun and Bradstreet Global DecisionMaker
- Credit fraud detection software
- Moody's KMV Financial Analyst
- SAS
- Fair Isaac Capstone Decision Manager
- Moody's KMV CreditEdge
- Credit adjudication and lending management system CALMS
- Credit and risk analysis software
- CGI-AMS CACS Enterprise
- Microsoft Excel
- Experian Retention Triggers
- Oracle JD Edwards EnterpriseOne
- Fair Isaac Application Risk Model Software
- Equifax InterConnect
- CGI-AMS BureauLink Enterprise
- Equifax Advanced Decisioning
- Moody's KMV Decisions
- Experian Transact SM
- Structured query language SQL
- Experian Quest
- Microsoft Word
- Fair Isaac Falcon ID
- Equifax Application Engine
- CGI-AMS Strata
- Moody's KMV Risk Analyst
- SAP
- Experian FraudShield
- Experian Strategy Management