Credit Analysts

credit data financial data information conventional interests report money degree of risk financial matter credit data

Credit Administrator, Credit Analyst, Credit Officer, Credit Representative

What they do:
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.
On the job, you would:
  • Analyze credit data and financial statements to determine 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.

Knowledge

Business

  • accounting and economics
  • administrative services

Arts and Humanities

  • English language

Math and Science

  • arithmetic, algebra, geometry, calculus, or statistics

Safety and Government

  • law and government

Skills

Basic Skills

  • thinking about the pros and cons of different ways to solve a problem
  • figuring out how to use new ideas or things

Problem Solving

  • noticing a problem and figuring out the best way to solve it

Abilities

Verbal

  • communicate by speaking
  • listen and understand what people say

Math

  • add, subtract, multiply, or divide
  • choose the right type of math to solve a problem

Ideas and Logic

  • make general rules or come up with answers from lots of detailed information
  • notice when problems happen

Personality

People interested in this work like activities that include data, detail, and regular routines.

They do well at jobs that need:

  • Analytical Thinking
  • Attention to Detail
  • Integrity
  • Dependability
  • Initiative
  • Stress Tolerance

Technology

You might use software like this on the job:

Enterprise resource planning ERP software

  • Microsoft Dynamics Hot Technology
  • SAP software Hot Technology

Presentation software

  • Microsoft PowerPoint Hot Technology In Demand

Financial analysis software

  • CGI-AMS Strata
  • Moody's KMV Risk Advisor

Education

Education: (rated 4 of 5)
bachelor's degree
usually needed

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Job Outlook

Below Average
New job opportunities are less likely in the future.
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