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Credit Analysts

Also called: Credit Analyst, Analyst, Credit Manager, Underwriter

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 decision making.
On the job, you would:
  • Analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money.
  • Generate financial ratios, using computer programs, to evaluate customers' financial status.
  • Consult with customers to resolve complaints and verify financial and credit transactions.

Knowledge

Business
  • accounting and economics
  • customer service
Arts and Humanities
  • English language
Math and Science
  • arithmetic, algebra, geometry, calculus, or statistics

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
People and Technology Systems
  • thinking about the pros and cons of different options and picking the best one

Abilities

Math
  • choose the right type of math to solve a problem
  • add, subtract, multiply, or divide
Verbal
  • communicate by speaking
  • listen and understand what people say
Ideas and Logic
  • notice when problems happen
  • make general rules or come up with answers from lots of detailed information

Personality

People interested in this work like activities that include data, detail, and regular routines.
They do well at jobs that need:
  • Integrity
  • Attention to Detail
  • Analytical Thinking
  • Dependability
  • Self Control
  • Stress Tolerance

Technology

You might use software like this on the job:

Financial analysis software
  • Experian Credinomics
  • Experian FraudShield
Content workflow software
  • Equifax Application Engine
  • Experian Transact SM
Document management software
  • Credit adjudication and lending management system CALMS software

Education

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

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Job Outlook

Average Outlook
New job opportunities are likely in the future.
Salary
$64,030
per year, on average
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See more details at O*NET OnLine about credit analysts.