CAREER

Credit Analysts

Overview

Salary Median (2020)

$74,970

Projected Job Growth (2019-2029)

-4.8% (decline)

Most Common Level of Education

Bachelor's degree

Career

What Credit Analysts Do

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.

Other Job Titles Credit Analysts May Have

Credit Administrator, Credit Analyst, Credit and Collections Analyst, Credit Officer, Credit Representative, Credit Risk Analyst, Municipal Fixed Income Analyst

How Leaders Describe a Typical Day at Work

Regional Commercial Senior Credit Officer ,

Capital One

Review overdraft reports and if any in my market appear, question relevant officer's on what issue caused overdraft and how it will be repaid. Review Deal in House memos describing basic information on new opportunities to be considered, have conference calls to discuss same and give guidance as to whether to proceed or not and if so, outline due diligence steps to be taken. Have ongoing dialogue with underwriters about issues that arise in their underwriting transactions and policy implicatio

Service & Credit Review Coordinator ,

Capital One

On daily basis, I can receive up to 400+ calls. All in which customers or merchants are calling in looking to process applications, credit limit increases, updating accounts, etc. I do not work face to face with my customers, but I do provide an experience for them. I also speak to representatives from small and large businesses. With them I assist with locating payments, making payments, balancing check books, etc. I can speak to the owner of the company all the way down to the janitor.


Tasks & Responsibilities May Include

  • 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.

This page includes information from theO*NET 25.0 Databaseby the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA). Used under theCC BY 4.0license. O*NET® is a trademark of USDOL/ETA.