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