Credit Analysts :: Job Description

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Credit Analysts

Careers / Credit Analysts

Summary Description


	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 decision making.

Sample Job Titles

1.	Analyst

2.	Credit Administrator

3.	Credit Analyst

4.	Credit and Collections Analyst

5.	Credit Assessment Analyst

6.	Credit Manager

7.	Credit Negotiator

8.	Credit Representative

9.	Credit Risk Analyst

10.	Credit Specialist

11.	Escrow Representative

12.	Factorer

13.	Financial Analyst

14.	Financing Analyst

15.	Loan Officer

16.	Loan Review Analyst

17.	Risk Analyst

18.	Underwriter

Job Tasks

	Analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money. Assess risks to business operations. Analyze business or financial data.

	Generate financial ratios, using computer programs, to evaluate customers' financial status. Calculate data to inform organizational operations.

	Consult with customers to resolve complaints and verify financial and credit transactions. Correspond with customers to answer questions or resolve complaints.

	Prepare reports that include the degree of risk involved in extending credit or lending money. Prepare financial documents, reports, or budgets.

	Complete loan applications, including credit analyses and summaries of loan requests, and submit to loan committees for approval. Prepare contracts or other transaction documents.

	Compare liquidity, profitability, and credit histories of establishments being evaluated with those of similar establishments in the same industries and geographic locations. Analyze market conditions or trends.

	Review individual or commercial customer files to identify and select delinquent accounts for collection. Examine financial records.

	Analyze financial data such as income growth, quality of management, and market share to determine expected profitability of loans. Analyze business or financial data.

	Evaluate customer records and recommend payment plans based on earnings, savings data, payment history, and purchase activity. Assess financial status of clients. Advise others on financial matters.

	Confer with credit association and other business representatives to exchange credit information. Confer with others about financial matters.

Work Activities

Importance	Work Activity

Getting Information — Observing, receiving, and otherwise obtaining information from all relevant sources.

Interacting With Computers — Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.

Communicating with Supervisors, Peers, or Subordinates — Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person.

Analyzing Data or Information — Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.

Making Decisions and Solving Problems — Analyzing information and evaluating results to choose the best solution and solve problems.

Establishing and Maintaining Interpersonal Relationships — Developing constructive and cooperative working relationships with others, and maintaining them over time.

Documenting/Recording Information — Entering, transcribing, recording, storing, or maintaining information in written or electronic/magnetic form.

Processing Information — Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data.

Communicating with Persons Outside Organization — Communicating with people outside the organization, representing the organization to customers, the public, government, and other external sources. This information can be exchanged in person, in writing, or by telephone or e-mail.

Organizing, Planning, and Prioritizing Work — Developing specific goals and plans to prioritize, organize, and accomplish your work.

Resolving Conflicts and Negotiating with Others — Handling complaints, settling disputes, and resolving grievances and conflicts, or otherwise negotiating with others.

Updating and Using Relevant Knowledge — Keeping up-to-date technically and applying new knowledge to your job.

Identifying Objects, Actions, and Events — Identifying information by categorizing, estimating, recognizing differences or similarities, and detecting changes in circumstances or events.

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.

Interpreting the Meaning of Information for Others — Translating or explaining what information means and how it can be used.

Performing Administrative Activities — Performing day-to-day administrative tasks such as maintaining information files and processing paperwork.

Judging the Qualities of Things, Services, or People — Assessing the value, importance, or quality of things or people.

Developing and Building Teams — Encouraging and building mutual trust, respect, and cooperation among team members.

Provide Consultation and Advice to Others — Providing guidance and expert advice to management or other groups on technical, systems-, or process-related topics.

Monitor Processes, Materials, or Surroundings — Monitoring and reviewing information from materials, events, or the environment, to detect or assess problems.

Estimating the Quantifiable Characteristics of Products, Events, or Information — Estimating sizes, distances, and quantities; or determining time, costs, resources, or materials needed to perform a work activity.

Developing Objectives and Strategies — Establishing long-range objectives and specifying the strategies and actions to achieve them.

Scheduling Work and Activities — Scheduling events, programs, and activities, as well as the work of others.

Coordinating the Work and Activities of Others — Getting members of a group to work together to accomplish tasks.

Coaching and Developing Others — Identifying the developmental needs of others and coaching, mentoring, or otherwise helping others to improve their knowledge or skills.

Guiding, Directing, and Motivating Subordinates — Providing guidance and direction to subordinates, including setting performance standards and monitoring performance.

Selling or Influencing Others — Convincing others to buy merchandise/goods or to otherwise change their minds or actions.

Thinking Creatively — Developing, designing, or creating new applications, ideas, relationships, systems, or products, including artistic contributions.

Performing for or Working Directly with the Public — Performing for people or dealing directly with the public. This includes serving customers in restaurants and stores, and receiving clients or guests.

Training and Teaching Others — Identifying the educational needs of others, developing formal educational or training programs or classes, and teaching or instructing others.

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