Credit Analysts

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.

O*NET reports this occupation under titles such as: Credit Administrator; Credit Analyst; Credit and Collections Analyst; Credit Officer; Credit Representative; Credit Risk Analyst; Municipal Fixed Income Analyst

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.

Knowledge

• Economics and Accounting
• Mathematics
• English Language
• Law and Government
• Administrative

Skills

• Critical Thinking
• Reading Comprehension
• Speaking
• Active Learning
• Active Listening
• Mathematics
• Writing
• Monitoring

Abilities

• Oral Expression
• Oral Comprehension
• Written Comprehension
• Inductive Reasoning
• Problem Sensitivity
• Deductive Reasoning
• Mathematical Reasoning
• Number Facility
• Information Ordering
• Near Vision
• Written Expression
• Speech Recognition
• Category Flexibility
• Speech Clarity
• Flexibility of Closure
• Perceptual Speed