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Credit Analysts - 13-2041.00

O*NET-SOC Description

Analyze current 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 this 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 clients on financial matters
  • analyze applicant's financial status
  • analyze credit information gathered by investigation
  • analyze financial data
  • compile data for financial reports
  • complete information on loan forms
  • compute financial data
  • evaluate customer records
  • evaluate degree of financial risk
  • gather relevant financial data
  • investigate customer complaints
  • make decisions
  • make presentations on financial matters
  • monitor credit extension decisions
  • obtain financial information from individuals
  • prepare financial reports
  • provide customer service
  • recommend customer payment plan
  • review loan applications
  • use accounting or bookkeeping software
  • use computers to enter, access and retrieve financial data
  • use spreadsheet software
  • verify bank or financial transactions
  • verify information for credit investigations

Military Crosswalk Titles

No information available.

Apprenticeship Crosswalk Titles

No information available.

DOT Crosswalk Titles

  • Credit Analyst
  • Loan Review Analyst