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”
- Generate financial ratios, using computer programs, to evaluate customers' financial status.
- 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.
- Evaluate customer records and recommend payment plans based on earnings, savings data, payment history, and purchase activity.
- Complete loan applications, including credit analyses and summaries of loan requests, and submit to loan committees for approval.
- 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.
- Review individual or commercial customer files to identify and select delinquent accounts for collection.
- Analyze financial data such as income growth, quality of management, and market share to determine expected profitability of loans.
Related Technology & Tools
- Personal computers
- Desktop computers
- Scanners
- Notebook computers
- 10-key calculators
- Microsoft Excel
- CGI-AMS BureauLink Enterprise
- Equifax Advanced Decisioning
- Moody's KMV Decisions
- Experian Credinomics
- Experian FraudShield
- Moody's KMV CreditEdge
- eCredit Enterprise
- Fair Isaac Falcon ID
- Microsoft PowerPoint
- Credit adjudication and lending management system CALMS
- Fair Isaac Application Risk Model Software
- Credit and risk analysis software
- Equifax Application Engine
- Oracle JD Edwards EnterpriseOne
- SAP
- Experian Detect
- Fair Isaac Capstone Decision Manager
- Credit fraud detection software
- Moody's KMV Financial Analyst
- Microsoft Office
- Experian Quest
- Experian Transact SM
- Dun and Bradstreet Global DecisionMaker
- CGI-AMS CACS Enterprise
- Moody's KMV Risk Analyst
- Moody's KMV Risk Advisor
- Experian Strategy Management
- Equifax InterConnect
- SAS
- CGI-AMS Strata
- Structured query language SQL
- Experian Retention Triggers
- Microsoft Word