Credit Analysts

What the job really is

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.

At a glance

• Sector: Business & Financial
• O*NET-SOC code: 13-2041
• O*NET job zone: 4 — considerable preparation
• Work sample tasks on file: 11
• Tools and technologies listed: 12

What you actually do

Work sample tasks recorded for this occupation:

• 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.
• Prepare reports that include the degree of risk involved in extending credit or lending money.
• Analyze financial data, such as income growth, quality of management, and market share to determine expected profitability of loans.
• Compare liquidity, profitability, and credit histories of establishments being evaluated with those of similar establishments in the same industries and geographic locations.
• Consult with customers to resolve complaints and verify financial and credit transactions.
• Contact customers to collect payments on delinquent accounts.
• Evaluate customer records and recommend payment plans, based on earnings, savings data, payment history, and purchase activity.
• Review individual or commercial customer files to identify and select delinquent accounts for collection.
• Confer with credit association and other business representatives to exchange credit information.

Tools and technology

Microsoft Excel, Microsoft Office software, Microsoft Outlook, Microsoft PowerPoint, Microsoft SQL Server, Microsoft Visual Basic, Microsoft Visual Basic for Applications VBA, Microsoft Word, Python, SAP software, SAS, Structured query language SQL

What employers expect you to already be comfortable with.

Where this job leads

Related occupations — the usual moves up and sideways:

• Credit Authorizers, Checkers, and Clerks
• Loan Officers
• Loan Interviewers and Clerks
• Credit Counselors
• Financial and Investment Analysts
• Personal Financial Advisors
• Financial Risk Specialists
• Accountants and Auditors

Getting in

O*NET assigns this occupation job zone 4 (considerable preparation). The related occupations above are the realistic routes in and out.

Find openings

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Check this against the source

O*NET OnLine: Credit Analysts — the authoritative public-domain profile this page is derived from, including the full task list, reported skills and the wage estimates for your region.

Derived and rewritten from the public-domain O*NET database (U.S. Department of Labor / Employment and Training Administration). Figures are observations, not promises — always confirm salary, licensing and visa requirements with the employer and the relevant authority.