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