Credit Analysts

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Job Description

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Key Tasks

• 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.

O*NET Information

• SOC Code: 13-2041.00
• Title: Credit Analysts

Related Occupations

Based on O*NET Standard Occupational Classification.

Career Resources

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  title: 'Credit Analysts',
  description: 'undefined',
  socCode: '13-2041.00',
})