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