Skip navigation

Credit Analysts

Also called: Credit Administrator, Credit Analyst, Credit Officer, Credit Representative

Watch Career Video

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:

Financial analysis software
  • CGI-AMS Strata
  • Experian Quest
Content workflow software
  • Equifax Application Engine
  • Experian Transact SM
Enterprise resource planning ERP software Hot Technology
  • Oracle JD Edwards EnterpriseOne Hot Technology
  • SAP Hot Technology

Education

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

Get started on your career:

Find Training Find Certifications Find Licenses Apprenticeship.gov

Job Outlook

Below Average Outlook
New job opportunities are less likely in the future.
Salary
$73,650
$43,430
$145,840
Check out my state Local Salary Info Find Jobs

Explore More

See more details at O*NET OnLine about credit analysts.