Will “Credit Analysts” be Replaced By Robots? 🤔
100 % Chance of Automation
“Credit Analysts” 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.
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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
Also Known As…
- Underwriter
- Risk Analyst
- Credit Risk Analyst
- Credit Representative
- Credit Manager
- Credit and Collections Analyst
- Credit Analyst
- Credit Administrator
- Analyst
- Loan Review Analyst
- Loan Officer
- Financing Analyst
- Financial Analyst
- Factorer
- Escrow Representative
- Credit Specialist
- Credit Negotiator
- Credit Assessment Analyst
Tasks for “Credit Analysts”
- Confer with credit association and other business representatives to exchange credit information.
- Evaluate customer records and recommend payment plans based on earnings, savings data, payment history, and purchase activity.
- Compare liquidity, profitability, and credit histories of establishments being evaluated with those of similar establishments in the same industries and geographic locations.
- Consult with customers to resolve complaints and verify financial and credit transactions.
- Generate financial ratios, using computer programs, to evaluate customers' financial status.
- 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.
- Prepare reports that include the degree of risk involved in extending credit or lending money.
- 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.
Related Technology & Tools
- Desktop computers
- Notebook computers
- Personal computers
- 10-key calculators
- Scanners
- Credit fraud detection software
- Equifax InterConnect
- Microsoft PowerPoint
- Experian Detect
- Microsoft Excel
- Credit and risk analysis software
- Experian Quest
- Experian FraudShield
- Microsoft Office
- Structured query language SQL
- SAS
- Dun and Bradstreet Global DecisionMaker
- Experian Strategy Management
- CGI-AMS BureauLink Enterprise
- Experian Credinomics
- Moody's KMV Risk Analyst
- Equifax Advanced Decisioning
- Fair Isaac Application Risk Model Software
- Credit adjudication and lending management system CALMS
- Moody's KMV Risk Advisor
- Moody's KMV CreditEdge
- CGI-AMS CACS Enterprise
- Moody's KMV Financial Analyst
- Equifax Application Engine
- Oracle JD Edwards EnterpriseOne
- Experian Transact SM
- Fair Isaac Capstone Decision Manager
- CGI-AMS Strata
- Moody's KMV Decisions
- SAP
- Fair Isaac Falcon ID
- eCredit Enterprise
- Microsoft Word
- Experian Retention Triggers