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Credit Analysts - 13-2041.00

O*NET-SOC 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.

Sample of Reported Job Titles

  • Credit Analyst
  • Analyst
  • Credit Manager
  • Underwriter
  • Credit Administrator
  • Credit and Collections Analyst
  • Credit Representative
  • Credit Risk Analyst
  • Risk Analyst

SOC Occupation Groups

13-0000 Business and Financial Operations Occupations
13-2000 Financial Specialists
13-2040 Credit Analysts
13-2041.00 Credit Analysts

Related Occupations

Tasks

  • Analyze credit data and financial statements to determine 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.
  • Complete loan applications, including credit analyses and summaries of loan requests, and submit to loan committees for approval.
  • Confer with credit association and other business representatives to exchange credit information.
  • Consult with customers to resolve complaints and verify financial and credit transactions.
  • Evaluate customer records and recommend payment plans based on earnings, savings data, payment history, and purchase activity.
  • 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.
  • Review individual or commercial customer files to identify and select delinquent accounts for collection.

Detailed Work Activities

  • Advise others on financial matters.
  • Analyze business or financial data.
  • Analyze market conditions or trends.
  • Assess financial status of clients.
  • Assess risks to business operations.
  • Calculate data to inform organizational operations.
  • Confer with others about financial matters.
  • Correspond with customers to answer questions or resolve complaints.
  • Examine financial records.
  • Prepare contracts or other transaction documents.
  • Prepare financial documents, reports, or budgets.

Military Crosswalk Titles

No information available.

Apprenticeship Crosswalk Titles

No information available.

DOT Crosswalk Titles

  • Credit Analyst
  • Loan Review Analyst