Credit Analysts
O*NET files this work under Credit Analysts: people who analyze credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. The skills rated most useful are critical thinking, speaking, and reading comprehension. The job can ask you to analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money. With a code of CEI, this is mostly a job for people drawn to orderly work with data, records and clear procedures. Enterprising interests also help, rated 4.6 out of 7. Getting in usually takes a bachelor’s degree plus a period of work experience, a level O*NET calls considerable preparation. It tends to suit people who want orderly work with data, records and clear procedures, and it offers little for anyone seeking hands-on work with tools, machines or the physical world.
What they 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.
Main tasks
- 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.
Skills
- Critical Thinking
- Speaking
- Reading Comprehension
- Active Learning
- Active Listening
- Mathematics
Who this career fits
May suit you if
- You like clear rules and getting the details right.
- You like taking the lead and making the call.
- You are ready to spend around four years on a degree, then build experience.
- You are comfortable relying on critical thinking and speaking.
May not suit you if
- You get restless with routine, records and exact procedures.
- You want to work with your hands for most of the day. Realistic rates 1.0 out of 7 here.
- You want to avoid a four-year degree or its equivalent.
Interest profile
O*NET rates each occupation from 1 to 7 on six interest types. The code CEI takes the three highest, and Conventional comes first here.
Preparation
Considerable preparation. Most jobs here ask for a bachelor’s degree, and employers usually expect a few years of related experience as well.
Most-reported requirement in the O*NET survey: Bachelor's Degree. This reflects what workers reported most often and is not a legal minimum. Licensing rules can differ by state or industry, so confirm what applies where you plan to work.
Also called
- Credit Administrator
- Credit Analyst
- Credit and Collections Analyst
- Credit Officer
- Credit Representative
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This page includes information from the O*NET 31.0 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA). Used under the CC BY 4.0 license. O*NET® is a trademark of USDOL/ETA.