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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.

What you’d do

  • 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.

Skills that matter

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

How to get there

Considerable preparation: most need a four-year bachelor's degree

Also called

  • Credit Administrator
  • Credit Analyst
  • Credit Officer
  • Credit Representative
  • Credit and Collections Analyst
  • Credit Risk Analyst

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