Credit Analysts
Tasks Include:
- Analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money.
- Prepare reports that include the degree of risk involved in extending credit or lending money.
- Evaluate customer records and recommend payment plans, based on earnings, savings data, payment history, and purchase activity.
- Confer with credit association and other business representatives to exchange credit information.
- 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.
- Review individual or commercial customer files to identify and select delinquent accounts for collection.
- Compare liquidity, profitability, and credit histories of establishments being evaluated with those of similar establishments in the same industries and geographic locations.
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The data sources for the information displayed here include: O*NET™; US Department of Labor (BLS); Virginia Workforce Connection. (Using onet28)
Projections Quick View:
Virginia: -1.8%
National: -2.4%
Education
Bachelor's Degree
Job Zone:
Four: Considerable Preparation Needed
Income Range:
Highest ($50,000 and up)
Median Earnings:
National
$78,850.00
State
$99,340.00
Regional
Credit Analysts
Description
Career Cluster: | Finance |
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.
The data sources for the information displayed here include: O*NET™. (Using onet28)
Credit Analysts
Education
Required Level of Education
- Bachelor's Degree = 95%
- Master's Degree = 5%
Related Work Experience
- Over 1 year, up to and including 2 years = 30%
- None = 25%
- Over 2 years, up to and including 4 years = 25%
- Over 4 years, up to and including 6 years = 15%
- Over 6 months, up to and including 1 year = 5%
On-Site or In-Plant Training
- None = 30%
- Over 1 month, up to and including 3 months = 25%
- Up to and including 1 month = 20%
- Over 3 months, up to and including 6 months = 15%
- Over 6 months, up to and including 1 year = 5%
- Over 1 year, up to and including 2 years = 5%
On-the-Job Training
- Over 1 month, up to and including 3 months = 35%
- Over 1 year, up to and including 2 years = 25%
- Over 6 months, up to and including 1 year = 15%
- None or short demonstration = 10%
- Anything beyond short demonstration, up to and including 1 month = 5%
- Over 3 months, up to and including 6 months = 5%
- Over 2 years, up to and including 4 years = 5%
The data sources for the information displayed here include: O*NET™. (Using onet28)
Credit Analysts
Tasks
Core Tasks Include:
- Analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money.
- Prepare reports that include 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.
- 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.
- Analyze financial data, such as income growth, quality of management, and market share to determine expected profitability of loans.
Supplemental Tasks Include:
- Evaluate customer records and recommend payment plans, based on earnings, savings data, payment history, and purchase activity.
- Confer with credit association and other business representatives to exchange credit information.
- Review individual or commercial customer files to identify and select delinquent accounts for collection.
- Contact customers to collect payments on delinquent accounts.
The data sources for the information displayed here include: O*NET™. (Using onet28)
Credit Analysts
Tools and Technology
Tools Include:
- Calculators or accessories (10-key calculators)
- Desktop computers
- Notebook computers
- Personal computers
- Scanners
Technologies Include:
- Analytical or scientific software
- FinEng Solutions software
- Content workflow software
- Equifax Application Engine
- Experian Transact SM
- Document management software
- Credit adjudication and lending management system CALMS software
- Financial analysis software
- CGI-AMS CACS Enterprise
- CGI-AMS Strata
- Credit and risk analysis software
- Credit fraud detection software
- Dun and Bradstreet Global DecisionMaker
- eCredit Enterprise
- Equifax Advanced Decisioning
- Equifax InterConnect
- Experian Credinomics
- Experian Detect
- Experian FraudShield
- Experian Quest
- Experian Retention Triggers
- Fair Isaac Application Risk Model Software
- Fair Isaac Capstone Decision Manager
- Fair Isaac Falcon ID
- Moody's KMV CreditEdge
- Moody's KMV Decisions
- Moody's KMV Financial Analyst
- Moody's KMV Risk Advisor
- Moody's KMV Risk Analyst
- Information retrieval or search software
- CGI-AMS BureauLink Enterprise
- Office suite software
- Experian Strategy Management
The data sources for the information displayed here include: O*NET™. (Using onet28)
Credit Analysts
Knowledge
% | Subject | Description |
---|---|---|
87.50 | Economics and Accounting | Knowledge of economic and accounting principles and practices, the financial markets, banking, and the analysis and reporting of financial data. |
72.50 | Mathematics | Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications. |
72.50 | English Language | Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar. |
57.00 | Law and Government | Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process. |
50.00 | Administrative | Knowledge of administrative and office procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and workplace terminology. |
The data sources for the information displayed here include: O*NET™. (Using onet28)
Credit Analysts
Skills
% | Subject | Description |
---|---|---|
72.00 | Critical Thinking | Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems. |
65.50 | Reading Comprehension | Understanding written sentences and paragraphs in work-related documents. |
65.50 | Speaking | Talking to others to convey information effectively. |
65.50 | Active Learning | Understanding the implications of new information for both current and future problem-solving and decision-making. |
62.50 | Active Listening | Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times. |
59.50 | Mathematics | Using mathematics to solve problems. |
53.00 | Writing | Communicating effectively in writing as appropriate for the needs of the audience. |
53.00 | Judgment and Decision Making | Considering the relative costs and benefits of potential actions to choose the most appropriate one. |
50.00 | Complex Problem Solving | Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions. |
50.00 | Time Management | Managing one's own time and the time of others. |
50.00 | Monitoring | Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action. |
50.00 | Social Perceptiveness | Being aware of others' reactions and understanding why they react as they do. |
50.00 | Service Orientation | Actively looking for ways to help people. |
The data sources for the information displayed here include: O*NET™. (Using onet28)
Credit Analysts
Abilities
% | Subject | Description |
---|---|---|
75.00 | Oral Expression | The ability to communicate information and ideas in speaking so others will understand. |
72.00 | Oral Comprehension | The ability to listen to and understand information and ideas presented through spoken words and sentences. |
72.00 | Written Comprehension | The ability to read and understand information and ideas presented in writing. |
72.00 | Inductive Reasoning | The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events). |
68.75 | Problem Sensitivity | The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing that there is a problem. |
68.75 | Deductive Reasoning | The ability to apply general rules to specific problems to produce answers that make sense. |
68.75 | Mathematical Reasoning | The ability to choose the right mathematical methods or formulas to solve a problem. |
68.75 | Number Facility | The ability to add, subtract, multiply, or divide quickly and correctly. |
65.50 | Information Ordering | The ability to arrange things or actions in a certain order or pattern according to a specific rule or set of rules (e.g., patterns of numbers, letters, words, pictures, mathematical operations). |
65.50 | Near Vision | The ability to see details at close range (within a few feet of the observer). |
59.50 | Written Expression | The ability to communicate information and ideas in writing so others will understand. |
56.25 | Speech Recognition | The ability to identify and understand the speech of another person. |
53.00 | Category Flexibility | The ability to generate or use different sets of rules for combining or grouping things in different ways. |
53.00 | Speech Clarity | The ability to speak clearly so others can understand you. |
50.00 | Flexibility of Closure | The ability to identify or detect a known pattern (a figure, object, word, or sound) that is hidden in other distracting material. |
50.00 | Perceptual Speed | The ability to quickly and accurately compare similarities and differences among sets of letters, numbers, objects, pictures, or patterns. The things to be compared may be presented at the same time or one after the other. This ability also includes comparing a presented object with a remembered object. |
The data sources for the information displayed here include: O*NET™. (Using onet28)
Credit Analysts
Work Activities
% | Subject | Description |
---|---|---|
91.25 | Analyzing Data or Information | Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts. |
89.50 | Getting Information | Observing, receiving, and otherwise obtaining information from all relevant sources. |
86.25 | Working with Computers | Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information. |
85.00 | Processing Information | Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data. |
81.25 | Communicating with Supervisors, Peers, or Subordinates | Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person. |
76.25 | Making Decisions and Solving Problems | Analyzing information and evaluating results to choose the best solution and solve problems. |
71.25 | Updating and Using Relevant Knowledge | Keeping up-to-date technically and applying new knowledge to your job. |
70.00 | Interpreting the Meaning of Information for Others | Translating or explaining what information means and how it can be used. |
68.75 | Establishing and Maintaining Interpersonal Relationships | Developing constructive and cooperative working relationships with others, and maintaining them over time. |
68.75 | Evaluating Information to Determine Compliance with Standards | Using relevant information and individual judgment to determine whether events or processes comply with laws, regulations, or standards. |
66.25 | Organizing, Planning, and Prioritizing Work | Developing specific goals and plans to prioritize, organize, and accomplish your work. |
63.75 | Identifying Objects, Actions, and Events | Identifying information by categorizing, estimating, recognizing differences or similarities, and detecting changes in circumstances or events. |
63.25 | Documenting/Recording Information | Entering, transcribing, recording, storing, or maintaining information in written or electronic/magnetic form. |
50.00 | Training and Teaching Others | Identifying the educational needs of others, developing formal educational or training programs or classes, and teaching or instructing others. |
The data sources for the information displayed here include: O*NET™. (Using onet28)
Credit Analysts
Work Styles
% | Subject | Description |
---|---|---|
97.25 | Analytical Thinking | Job requires analyzing information and using logic to address work-related issues and problems. |
95.00 | Attention to Detail | Job requires being careful about detail and thorough in completing work tasks. |
90.00 | Integrity | Job requires being honest and ethical. |
85.00 | Dependability | Job requires being reliable, responsible, and dependable, and fulfilling obligations. |
82.50 | Initiative | Job requires a willingness to take on responsibilities and challenges. |
78.75 | Stress Tolerance | Job requires accepting criticism and dealing calmly and effectively with high-stress situations. |
75.00 | Adaptability/Flexibility | Job requires being open to change (positive or negative) and to considerable variety in the workplace. |
71.25 | Achievement/Effort | Job requires establishing and maintaining personally challenging achievement goals and exerting effort toward mastering tasks. |
67.50 | Cooperation | Job requires being pleasant with others on the job and displaying a good-natured, cooperative attitude. |
67.50 | Independence | Job requires developing one's own ways of doing things, guiding oneself with little or no supervision, and depending on oneself to get things done. |
66.25 | Persistence | Job requires persistence in the face of obstacles. |
58.75 | Self-Control | Job requires maintaining composure, keeping emotions in check, controlling anger, and avoiding aggressive behavior, even in very difficult situations. |
56.25 | Leadership | Job requires a willingness to lead, take charge, and offer opinions and direction. |
The data sources for the information displayed here include: O*NET™. (Using onet28)
Credit Analysts
Work Values
% | Subject | Description |
---|---|---|
66.67 | Relationships | Occupations that satisfy this work value allow employees to provide service to others and work with co-workers in a friendly non-competitive environment. Corresponding needs are Co-workers, Moral Values and Social Service. |
55.50 | Achievement | Occupations that satisfy this work value are results oriented and allow employees to use their strongest abilities, giving them a feeling of accomplishment. Corresponding needs are Ability Utilization and Achievement. |
55.50 | Recognition | Occupations that satisfy this work value offer advancement, potential for leadership, and are often considered prestigious. Corresponding needs are Advancement, Authority, Recognition and Social Status. |
55.50 | Support | Occupations that satisfy this work value offer supportive management that stands behind employees. Corresponding needs are Company Policies, Supervision: Human Relations and Supervision: Technical. |
55.50 | Independence | Occupations that satisfy this work value allow employees to work on their own and make decisions. Corresponding needs are Creativity, Responsibility and Autonomy. |
50.00 | Working Conditions | Occupations that satisfy this work value offer job security and good working conditions. Corresponding needs are Activity, Compensation, Independence, Security, Variety and Working Conditions. |
The data sources for the information displayed here include: O*NET™. (Using onet28)
Credit Analysts
Work Context
% | Subject | Description |
---|---|---|
100.00 | Electronic Mail | How often do you use electronic mail in this job? |
100.00 | Indoors, Environmentally Controlled | How often does this job require working indoors in environmentally controlled conditions? |
97.00 | Spend Time Sitting | How much does this job require sitting? |
93.60 | Telephone | How often do you have telephone conversations in this job? |
93.60 | Face-to-Face Discussions | How often do you have to have face-to-face discussions with individuals or teams in this job? |
90.00 | Importance of Being Exact or Accurate | How important is being very exact or highly accurate in performing this job? |
84.00 | Time Pressure | How often does this job require the worker to meet strict deadlines? |
84.00 | Structured versus Unstructured Work | To what extent is this job structured for the worker, rather than allowing the worker to determine tasks, priorities, and goals? |
82.00 | Importance of Repeating Same Tasks | How important is repeating the same physical activities (e.g., key entry) or mental activities (e.g., checking entries in a ledger) over and over, without stopping, to performing this job? |
81.00 | Letters and Memos | How often does the job require written letters and memos? |
75.00 | Freedom to Make Decisions | How much decision making freedom, without supervision, does the job offer? |
74.00 | Contact With Others | How much does this job require the worker to be in contact with others (face-to-face, by telephone, or otherwise) in order to perform it? |
74.00 | Frequency of Decision Making | How frequently is the worker required to make decisions that affect other people, the financial resources, and/or the image and reputation of the organization? |
67.80 | Work With Work Group or Team | How important is it to work with others in a group or team in this job? |
67.00 | Impact of Decisions on Co-workers or Company Results | What results do your decisions usually have on other people or the image or reputation or financial resources of your employer? |
63.00 | Level of Competition | To what extent does this job require the worker to compete or to be aware of competitive pressures? |
61.00 | Spend Time Making Repetitive Motions | How much does this job require making repetitive motions? |
56.00 | Physical Proximity | To what extent does this job require the worker to perform job tasks in close physical proximity to other people? |
52.00 | Consequence of Error | How serious would the result usually be if the worker made a mistake that was not readily correctable? |
50.00 | Frequency of Conflict Situations | How often are there conflict situations the employee has to face in this job? |
The data sources for the information displayed here include: O*NET™. (Using onet28)
Credit Analysts
Job Zone Four: Considerable Preparation Needed
- Overall Experience
- A considerable amount of work-related skill, knowledge, or experience is needed for these occupations. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified.
- Job Training
- Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.
- Examples
- Many of these occupations involve coordinating, supervising, managing, or training others. Examples include real estate brokers, sales managers, database administrators, graphic designers, conservation scientists, art directors, and cost estimators.
- Education
- Most of these occupations require a four-year bachelor's degree, but some do not.
The data sources for the information displayed here include: O*NET™. (Using onet28)
Credit Analysts
Earnings Benefits*
Region | Entry Level | Median | Experienced |
---|---|---|---|
United States | $47,960.00 | $78,850.00 | $105,900.00 |
Virginia | $50,320.00 | $99,340.00 | $131,040.00 |
Region | Entry Level | Median | Experienced |
Alexandria/Arlington | $60,112.26 | $97,100.34 | $118,751.85 |
Bay Consortium | $51,156.92 | $60,467.17 | $88,201.09 |
Capital Region Workforce Partnership | $48,754.14 | $74,739.01 | $103,511.14 |
Central VA/Region2000 | $45,720.07 | $84,874.32 | $117,804.40 |
Crater Area | No Data | No Data | No Data |
Greater Peninsula | $40,800.30 | $64,994.30 | $100,112.99 |
Hampton Roads | $49,258.97 | $83,981.95 | $109,461.99 |
New River/Mt. Rogers | $42,331.10 | $61,284.07 | $88,828.30 |
Northern Virginia | $71,500.97 | $107,122.45 | $142,670.49 |
Piedmont Workforce | $52,988.58 | $75,400.90 | $97,610.26 |
Shenandoah Valley | No Data | No Data | No Data |
South Central | No Data | No Data | No Data |
Southwestern Virginia | No Data | No Data | No Data |
West Piedmont | No Data | No Data | No Data |
Western Virginia | $45,146.91 | $66,825.96 | $101,687.64 |
* Earnings Calculations:
Regional Earnings:
Entry = Annual mean of the lower 1/3 wage distribution;
Experienced = Annual mean of the upper 2/3 wage distribution.
National and State Earnings:
Entry = Annual 10th percentile wage;
Experienced = Annual 75th percentile wage.
The data sources for the information displayed here include: US Department of Labor (BLS); Virginia Workforce Connection. (Using onet28)
Credit Analysts
Employment Projections
Current | Projected | % Change | |
---|---|---|---|
United States | 69,900 | 68,200 | -2.4% |
Virginia | 2,492 | 2,448 | -1.8% |
Region | Current* | Projected | % Change |
Alexandria/Arlington | No Data | No Data | No Data |
Bay Consortium | No Data | No Data | No Data |
Capital Region Workforce Partnership | No Data | No Data | No Data |
Central VA/Region2000 | No Data | No Data | No Data |
Crater Area | No Data | No Data | No Data |
Greater Peninsula | No Data | No Data | No Data |
Hampton Roads | No Data | No Data | No Data |
New River/Mt. Rogers | No Data | No Data | No Data |
Northern Virginia | No Data | No Data | No Data |
Piedmont Workforce | No Data | No Data | No Data |
Shenandoah Valley | No Data | No Data | No Data |
South Central | No Data | No Data | No Data |
Southwestern Virginia | No Data | No Data | No Data |
West Piedmont | No Data | No Data | No Data |
Western Virginia | No Data | No Data | No Data |
The data sources for the information displayed here include: US Department of Labor (BLS); Virginia Workforce Connection. (Using onet28)
Credit Analysts
Related Occupations
Related Occupations
The related occupations here have similar general capabilities and interests; career explorers may also be interested in the related occupations:- Credit Authorizers, Checkers, and Clerks
- Loan Officers
- Loan Interviewers and Clerks
- Credit Counselors
- Financial and Investment Analysts
- Financial Examiners
- Personal Financial Advisors
- Financial Managers
- Financial Risk Specialists
- Accountants and Auditors
- Bill and Account Collectors
- Securities, Commodities, and Financial Services Sales Agents
- Bookkeeping, Accounting, and Auditing Clerks
- Tellers
- Billing and Posting Clerks
- Investment Fund Managers
- Tax Examiners and Collectors, and Revenue Agents
- Insurance Underwriters
- Tax Preparers
- Brokerage Clerks
Careers in Banking Services Pathway:
- Bill and Account Collectors
- Credit Analysts
- Credit Authorizers, Checkers, and Clerks
- Financial Clerks, All Other
- Loan Interviewers and Clerks
- Loan Officers
- Tellers
The data sources for the information displayed here include: O*NET™. (Using onet28)
Credit Analysts
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Overview
Occupations
The data sources for the information displayed here include: New York State Department of Labor; New Jersey Department of Labor; California Occupational Information Coordinating Committee; CareerOneStop. (Using onet28)
Credit Analysts
Proficiency Ratings
These proficiencies are scored on a scale from 1 to 5 with 1 being not
important to the job and 5 being extremely important to the job.
The data sources for the information displayed here include: O*NET™. (Using onet28)
Credit Analysts
Titles
- Analyst
- Credit Administrator
- Credit Analyst
- Credit and Collections Analyst
- Credit Assessment Analyst
- Credit Manager
- Credit Negotiator
- Credit Representative
- Credit Risk Analyst
- Credit Specialist
- Escrow Representative
- Factorer
- Financial Analyst
- Financing Analyst
- Loan Officer
- Loan Review Analyst
- Risk Analyst
- Underwriter
The data sources for the information displayed here include: O*NET™. (Using onet28)
Credit Analysts
Related Schools
- American National University
- Averett University
- Bluefield University
- Bryant & Stratton College-Virginia Beach
- Christopher Newport University
- DeVry University-Virginia
- Eastern Mennonite University
- ECPI University
- Emory & Henry College
- Fairfax University of America
- Ferrum College
- George Mason University
- Hampton University
- James Madison University
- Liberty University
- Marymount University
- Norfolk State University
- Old Dominion University
- Radford University
- Randolph-Macon College
- Regent University
- Stratford University
- University of Lynchburg
- University of Richmond
- University of the Potomac-VA Campus
- University of Virginia-Main Campus
- Virginia Commonwealth University
- Virginia Polytechnic Institute and State University
- Virginia State University
- Virginia Union University
- Washington and Lee University
- William & Mary
The data sources for the information displayed here include: O*NET™. (Using onet28)