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