Career Details
Career Details

Career Details

Return to the Search

13-2041.00 - 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.


Key Facts
Expand or Shrink Accordion
Bright Outlook
Career Details
Green Job
Career Details
Current Employment
69,400
Estimate
Forecasted Employment
73,600
Estimate
Change in Employment
+4,200
Estimate
Change in Employment %
+6.1%
Estimate
Tasks
Expand or Shrink Accordion
Tasks
The tasks listed below can be performed to prepare you for a career in this field.
Core
  • 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
  • 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.
All data sourced from US Department of Labor, Employment & Training Administration O*Net Database.
Knowledge
Expand or Shrink Accordion
Knowledge

The items listed below are organized into sections that contain knowledge useful for pursuing a career in this field. Each section also contains a "Percentage of Importance" statistic that shows how relevant an item is to the occupation.
 Economics and Accounting
  • 90%
    Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
 English Language
  • 78%
    Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
 Mathematics
  • 78%
    Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
 Law and Government
  • 66%
    Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
 Clerical
  • 60%
    Knowledge of administrative and clerical procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and other office procedures and terminology.
 Computers and Electronics
  • 57%
    Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
 Customer and Personal Service
  • 57%
    Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
 Administration and Management
  • 56%
    Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
All data sourced from US Department of Labor, Employment & Training Administration O*Net Database.
Tools
Expand or Shrink Accordion
Tools
The tools listed below include machines, equipment, tools, and software that is useful for individuals who are interested in this career.
 Calculating machines and accessories
  • 10-key calculators
 Computers
  • Desktop computers
  • Notebook computers
  • Personal computers
 Computer data input devices
  • Scanners
All data sourced from US Department of Labor, Employment & Training Administration O*Net Database.
Technology
Expand or Shrink Accordion
Technology
The technologies listed below include machines, equipment, tools, and software that is useful for individuals who are interested in this career.
 Data management and query software
  • CGI-AMS BureauLink Enterprise
  • Microsoft SQL ServerHOT
  • Oracle Business Intelligence Enterprise EditionHOT
  • Structured query language SQLHOT
 Finance accounting and enterprise resource planning ERP 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
  • Microsoft DynamicsHOT
  • Moody's KMV CreditEdge
  • Moody's KMV Decisions
  • Moody's KMV Financial Analyst
  • Moody's KMV Risk Advisor
  • Moody's KMV Risk Analyst
  • Oracle JD Edwards EnterpriseOneHOT
  • SAPHOT
 Content management software
  • Credit adjudication and lending management system CALMS
  • Equifax Application Engine
  • Experian Transact SM
 Business function specific software
  • Experian Strategy Management
  • Microsoft OfficeHOT
 Content authoring and editing software
  • Microsoft ExcelHOT
  • Microsoft PowerPointHOT
  • Microsoft WordHOT
 Development software
  • Microsoft Visual BasicHOT
  • Microsoft Visual Basic for Applications VBAHOT
 Industry specific software
  • SASHOT
All data sourced from US Department of Labor, Employment & Training Administration O*Net Database.
Certifications
Expand or Shrink Accordion
Certifications
The certifications listed below are useful to pursue if you are interested in a career in this field.
 Specialty
 Advanced
 Core
All data sourced from US Department of Labor, Employment & Training Administration O*Net Database.
Licensing
Expand or Shrink Accordion
Licensing
The licensing information below is organized into sections and is useful for pursuing if you are interested in a career in this field.
No specific licensing information is listed for this occupation in the area you have selected.
All data sourced from US Department of Labor, Employment & Training Administration O*Net Database.
Related Programs
Expand or Shrink Accordion
Programs related to this career, offered by participating institution(s), are listed below.

Clicking on the Degree programs in the list below will take you away from the Careers page.
INSTITUTION
PROGRAMS
Peirce College
 Programs
Jobs
Expand or Shrink Accordion
Jobs related to this career may be found on Indeed.com or on the Google Job Search page.