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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
- Credit Risk Analyst
- Credit Representative
- Credit Manager
- Credit and Collections Analyst
- Credit Analyst
- Credit Administrator
- Analyst
- Risk Analyst
- Loan Review Analyst
- Loan Officer
- Financing Analyst
- Financial Analyst
- Factorer
- Escrow Representative
- Credit Specialist
- Credit Negotiator
- Credit Assessment Analyst
Tasks for “Risk Analyst”
- Analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money.
- 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.
- 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.
- Analyze financial data such as income growth, quality of management, and market share to determine expected profitability of loans.
- 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.
- 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.
Related Technology & Tools
- Desktop computers
- Scanners
- 10-key calculators
- Notebook computers
- Personal computers
- Dun and Bradstreet Global DecisionMaker
- Experian Transact SM
- Microsoft Office
- Fair Isaac Capstone Decision Manager
- Credit adjudication and lending management system CALMS
- CGI-AMS Strata
- Moody's KMV Risk Advisor
- Experian Quest
- Experian Detect
- Experian FraudShield
- CGI-AMS BureauLink Enterprise
- Credit and risk analysis software
- SAS
- eCredit Enterprise
- Credit fraud detection software
- Moody's KMV Decisions
- Equifax Application Engine
- Experian Credinomics
- Microsoft Word
- Fair Isaac Falcon ID
- Microsoft PowerPoint
- Oracle JD Edwards EnterpriseOne
- Equifax InterConnect
- Fair Isaac Application Risk Model Software
- Moody's KMV Financial Analyst
- Structured query language SQL
- Equifax Advanced Decisioning
- Experian Retention Triggers
- Experian Strategy Management
- CGI-AMS CACS Enterprise
- Microsoft Excel
- SAP
- Moody's KMV Risk Analyst
- Moody's KMV CreditEdge