Occupation
Credit Analysts
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 decisionmaking.
$83,510 medianBelow-avg outlookBachelor's typical
O*NET 31.0 · 13-2041.00
A typical week, in the words of people in the job
- 01Analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money.
- 02Complete loan applications, including credit analyses and summaries of loan requests, and submit to loan committees for approval.
- 03Generate financial ratios, using computer programs, to evaluate customers' financial status.
- 04Prepare reports that include the degree of risk involved in extending credit or lending money.
- 05Analyze financial data, such as income growth, quality of management, and market share to determine expected profitability of loans.
- 06Compare liquidity, profitability, and credit histories of establishments being evaluated with those of similar establishments in the same industries and geographic locations.
- 07Consult with customers to resolve complaints and verify financial and credit transactions.
- 08Contact customers to collect payments on delinquent accounts.
- 09Evaluate customer records and recommend payment plans, based on earnings, savings data, payment history, and purchase activity.
- 10Review individual or commercial customer files to identify and select delinquent accounts for collection.
- 11Confer with credit association and other business representatives to exchange credit information.
Task statements ranked by how many workers report them · O*NET 31.0
What the posting will be called
Credit AdministratorCredit AnalystCredit OfficerCredit RepresentativeCredit Risk AnalystCredit and Collections AnalystMunicipal Fixed Income Analyst
Titles reported by employers for this occupation. Search job boards with these, not the O*NET name.
Knowledge the job leans on
Economics and AccountingMathematicsEnglish LanguageLaw and GovernmentAdministrativeComputers and ElectronicsCustomer and Personal ServiceAdministration and Management
Skills that carry over from service
Judgment and Decision MakingTime ManagementSocial PerceptivenessComplex Problem SolvingService OrientationSystems AnalysisSystems EvaluationCoordination