Will “Underwriter” be Replaced By Robots? 🤔
100 % Chance of Automation
“Underwriter” will definitely be replaced by robots.
This job is ranked #677 out of #702. A higher ranking (i.e., a lower number) means the job is less likely to be replaced.
Care to share? Click for Facebook, Twitter, LinkedIn, or XING. 👍
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
- Risk Analyst
- Credit Risk Analyst
- Credit Representative
- Credit Manager
- Credit and Collections Analyst
- Credit Analyst
- Credit Administrator
- Analyst
- Underwriter
- Loan Review Analyst
- Loan Officer
- Financing Analyst
- Financial Analyst
- Factorer
- Escrow Representative
- Credit Specialist
- Credit Negotiator
- Credit Assessment Analyst
Tasks for “Underwriter”
- Generate financial ratios, using computer programs, to evaluate customers' financial status.
- 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.
- Analyze credit data and financial statements to determine 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.
- Review individual or commercial customer files to identify and select delinquent accounts for collection.
- 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.
- Prepare reports that include the degree of risk involved in extending credit or lending money.
- Compare liquidity, profitability, and credit histories of establishments being evaluated with those of similar establishments in the same industries and geographic locations.
Related Technology & Tools
- Scanners
- Personal computers
- Desktop computers
- 10-key calculators
- Notebook computers
- Fair Isaac Capstone Decision Manager
- Dun and Bradstreet Global DecisionMaker
- Structured query language SQL
- Microsoft PowerPoint
- Moody's KMV Financial Analyst
- Microsoft Office
- CGI-AMS CACS Enterprise
- Moody's KMV CreditEdge
- Credit fraud detection software
- Oracle JD Edwards EnterpriseOne
- Moody's KMV Decisions
- Fair Isaac Falcon ID
- Credit and risk analysis software
- CGI-AMS Strata
- Experian Quest
- eCredit Enterprise
- Equifax Advanced Decisioning
- Fair Isaac Application Risk Model Software
- SAS
- Experian Strategy Management
- Equifax Application Engine
- Equifax InterConnect
- SAP
- Microsoft Excel
- Experian Credinomics
- CGI-AMS BureauLink Enterprise
- Experian Transact SM
- Experian Retention Triggers
- Credit adjudication and lending management system CALMS
- Moody's KMV Risk Advisor
- Microsoft Word
- Experian Detect
- Experian FraudShield
- Moody's KMV Risk Analyst