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”
- Review individual or commercial customer files to identify and select delinquent accounts for collection.
- 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.
- 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.
- 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.
- 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.
Related Technology & Tools
- Personal computers
- 10-key calculators
- Desktop computers
- Notebook computers
- Scanners
- Oracle JD Edwards EnterpriseOne
- Equifax Application Engine
- Experian Credinomics
- Fair Isaac Capstone Decision Manager
- eCredit Enterprise
- Dun and Bradstreet Global DecisionMaker
- Microsoft Excel
- Microsoft Office
- Fair Isaac Falcon ID
- Experian Detect
- SAS
- Credit and risk analysis software
- Fair Isaac Application Risk Model Software
- Experian FraudShield
- Moody's KMV Risk Analyst
- CGI-AMS BureauLink Enterprise
- Moody's KMV Risk Advisor
- Microsoft Word
- Credit fraud detection software
- CGI-AMS Strata
- Moody's KMV CreditEdge
- Moody's KMV Financial Analyst
- Moody's KMV Decisions
- Experian Strategy Management
- Experian Quest
- Equifax InterConnect
- Structured query language SQL
- Credit adjudication and lending management system CALMS
- Microsoft PowerPoint
- Equifax Advanced Decisioning
- Experian Transact SM
- Experian Retention Triggers
- SAP
- CGI-AMS CACS Enterprise