Will “Risk Analyst” be Replaced By Robots? 🤔
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“Risk Analyst” 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
- 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”
- 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.
- Analyze financial data such as income growth, quality of management, and market share to determine expected profitability of loans.
- Confer with credit association and other business representatives to exchange credit information.
- Consult with customers to resolve complaints and verify financial and credit transactions.
- Evaluate customer records and recommend payment plans based on earnings, savings data, payment history, and purchase activity.
- Review individual or commercial customer files to identify and select delinquent accounts for collection.
- Prepare reports that include the degree of risk involved in extending credit or lending money.
- Generate financial ratios, using computer programs, to evaluate customers' financial status.
- Analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money.
Related Technology & Tools
- 10-key calculators
- Personal computers
- Desktop computers
- Notebook computers
- Scanners
- Fair Isaac Application Risk Model Software
- Equifax Advanced Decisioning
- Experian Retention Triggers
- Experian Strategy Management
- Experian Transact SM
- CGI-AMS Strata
- CGI-AMS BureauLink Enterprise
- Moody's KMV Decisions
- Moody's KMV Risk Analyst
- Credit and risk analysis software
- CGI-AMS CACS Enterprise
- Experian Credinomics
- Credit fraud detection software
- Credit adjudication and lending management system CALMS
- Microsoft Excel
- Equifax InterConnect
- SAS
- Moody's KMV CreditEdge
- Microsoft Office
- Fair Isaac Falcon ID
- SAP
- Fair Isaac Capstone Decision Manager
- Experian Quest
- Dun and Bradstreet Global DecisionMaker
- Moody's KMV Financial Analyst
- Microsoft PowerPoint
- Experian FraudShield
- Microsoft Word
- Moody's KMV Risk Advisor
- eCredit Enterprise
- Oracle JD Edwards EnterpriseOne
- Equifax Application Engine
- Structured query language SQL
- Experian Detect