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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”
- Compare liquidity, profitability, and credit histories of establishments being evaluated with those of similar establishments in the same industries and geographic locations.
- Evaluate customer records and recommend payment plans based on earnings, savings data, payment history, and purchase activity.
- 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.
- Generate financial ratios, using computer programs, to evaluate customers' financial status.
- Analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money.
- 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.
- Confer with credit association and other business representatives to exchange credit information.
- Review individual or commercial customer files to identify and select delinquent accounts for collection.
Related Technology & Tools
- Notebook computers
- Scanners
- 10-key calculators
- Personal computers
- Desktop computers
- Moody's KMV Risk Advisor
- Experian Detect
- Fair Isaac Application Risk Model Software
- Experian Transact SM
- Microsoft Office
- Oracle JD Edwards EnterpriseOne
- Experian Credinomics
- Experian Strategy Management
- Dun and Bradstreet Global DecisionMaker
- SAP
- Credit fraud detection software
- Experian Quest
- Equifax InterConnect
- CGI-AMS Strata
- CGI-AMS CACS Enterprise
- Moody's KMV Financial Analyst
- Equifax Advanced Decisioning
- Microsoft PowerPoint
- Moody's KMV Risk Analyst
- Moody's KMV CreditEdge
- Equifax Application Engine
- Microsoft Excel
- Fair Isaac Falcon ID
- eCredit Enterprise
- Credit adjudication and lending management system CALMS
- Structured query language SQL
- CGI-AMS BureauLink Enterprise
- SAS
- Fair Isaac Capstone Decision Manager
- Moody's KMV Decisions
- Experian Retention Triggers
- Experian FraudShield
- Microsoft Word
- Credit and risk analysis software