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Credit Analysts

It's a bright outlook for

This career will grow rapidly in the next few years.

Learn more about 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.

Related: Credit Authorizers, Checkers, & Clerks Credit Counselors Financial & Investment Analysts Loan Interviewers & Clerks Loan Officers

Industries: Finance & Insurance Management

Summary
Details

Complete loan applications, including credit analyses and summaries of loan requests, and submit to loan committees for approval.
Compare liquidity, profitability, and credit histories of establishments being evaluated with those of similar establishments in the same industries and geographic locations.
Confer with credit association and other business representatives to exchange credit information.
Consult with customers to resolve complaints and verify financial and credit transactions.
Prepare reports that include the degree of risk involved in extending credit or lending money.
Analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money.
Contact customers to collect payments on delinquent accounts.
Evaluate customer records and recommend payment plans, based on earnings, savings data, payment history, and purchase activity.
Analyze financial data, such as income growth, quality of management, and market share to determine expected profitability of loans.
Generate financial ratios, using computer programs, to evaluate customers' financial status.
Review individual or commercial customer files to identify and select delinquent accounts for collection.
Analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money.
Evaluate customer records and recommend payment plans, based on earnings, savings data, payment history, and purchase activity.

Equipment Maintenance
- Planning and doing the basic maintenance on equipment.
Reading Comprehension
- Reading work-related information.
Speaking
- Talking to others.
Learning Strategies
- Using the best training or teaching strategies for learning new things.
Time Management
- Managing your time and the time of other people.
Installation
- Installing equipment, machines, wiring, or computer programs.
Management of Financial Resources
- Making spending decisions and keeping track of what is spent.
Social Perceptiveness
- Understanding people's reactions.
Persuasion
- Talking people into changing their minds or their behavior.
Instructing
- Teaching people how to do something.
Science
- Using scientific rules and strategies to solve problems.
Active Listening
- Listening to others, not interrupting, and asking good questions.
Systems Evaluation
- Measuring how well a system is working and how to improve it.
Service Orientation
- Looking for ways to help people.
Monitoring
- Keeping track of how well people and/or groups are doing in order to make improvements.
Equipment Selection
- Deciding what kind of tools and equipment are needed to do a job.
Management of Personnel Resources
- Selecting and managing the best workers for a job.
Coordination
- Changing what is done based on other people's actions.
Management of Material Resources
- Managing equipment and materials.
Technology Design
- Making equipment and technology useful for customers.
Operations Monitoring
- Watching gauges, dials, or display screens to make sure a machine is working.
Programming
- Writing computer programs.
Writing
- Writing things for co-workers or customers.
Critical Thinking
- Thinking about the pros and cons of different ways to solve a problem.
Negotiation
- Bringing people together to solve differences.
Troubleshooting
- Figuring out what is causing equipment, machines, wiring, or computer programs to not work.
Repairing
- Repairing machines or systems using the right tools.
Systems Analysis
- Figuring out how a system should work and how changes in the future will affect it.
Mathematics
- Using math to solve problems.
Complex Problem Solving
- Noticing a problem and figuring out the best way to solve it.
Active Learning
- Figuring out how to use new ideas or things.
Judgment and Decision Making
- Thinking about the pros and cons of different options and picking the best one.
Operation and Control
- Using equipment or systems.
Quality Control Analysis
- Testing how well a product or service works.
Operations Analysis
- Figuring out what a product or service needs to be able to do.

Selective Attention
- Paying attention to something without being distracted.
Arm-Hand Steadiness
- Keeping your arm or hand steady.
Manual Dexterity
- Holding or moving items with your hands.
Wrist-Finger Speed
- Making fast, simple, repeated movements of your fingers, hands, and wrists.
Control Precision
- Quickly changing the controls of a machine, car, truck or boat.
Deductive Reasoning
- Using rules to solve problems.
Visual Color Discrimination
- Noticing the difference between colors, including shades and brightness.
Gross Body Coordination
- Moving your arms, legs, and mid-section together while your whole body is moving.
Originality
- Creating new and original ideas.
Explosive Strength
- Jumping, sprinting, or throwing something.
Gross Body Equilibrium
- Keeping your balance or staying upright.
Speech Clarity
- Speaking clearly.
Problem Sensitivity
- Noticing when problems happen.
Spatial Orientation
- Knowing where things are around you.
Mathematical Reasoning
- Choosing the right type of math to solve a problem.
Flexibility of Closure
- Seeing hidden patterns.
Dynamic Flexibility
- Quickly and repeatedly bending, stretching, twisting, or reaching out with your body, arms, and/or legs.
Speed of Closure
- Quickly knowing what you are looking at.
Dynamic Strength
- Exercising for a long time without your muscles getting tired.
Memorization
- Remembering words, numbers, pictures, or steps.
Visualization
- Imagining how something will look after it is moved around or changed.
Oral Comprehension
- Listening and understanding what people say.
Stamina
- Exercising for a long time without getting out of breath.
Glare Sensitivity
- Seeing something even if there is a glare or very bright light.
Hearing Sensitivity
- Telling the difference between sounds.
Written Expression
- Communicating by writing.
Category Flexibility
- Grouping things in different ways.
Number Facility
- Adding, subtracting, multiplying, or dividing.
Reaction Time
- Quickly moving your hand, finger, or foot based on a sound, light, picture or other command.
Trunk Strength
- Using your lower back and stomach.
Near Vision
- Seeing details up close.
Finger Dexterity
- Putting together small parts with your fingers.
Information Ordering
- Ordering or arranging things.
Perceptual Speed
- Quickly comparing groups of letters, numbers, pictures, or other things.
Peripheral Vision
- Seeing something to your side when your are looking ahead.
Extent Flexibility
- Bending, stretching, twisting, or reaching with your body, arms, and/or legs.
Depth Perception
- Deciding which thing is closer or farther away from you, or deciding how far away it is from you.
Time Sharing
- Doing two or more things at the same time.
Rate Control
- Changing when and how fast you move based on how something else is moving.
Speech Recognition
- Recognizing spoken words.
Auditory Attention
- Paying attention to one sound while there are other distracting sounds.
Speed of Limb Movement
- Quickly moving your arms and legs.
Written Comprehension
- Reading and understanding what is written.
Fluency of Ideas
- Coming up with lots of ideas.
Sound Localization
- Noticing the direction that a sound came from.
Multilimb Coordination
- Using your arms and/or legs together while sitting, standing, or lying down.
Response Orientation
- Quickly deciding if you should move your hand, foot, or other body part.
Static Strength
- Lifting, pushing, pulling, or carrying.
Oral Expression
- Communicating by speaking.
Inductive Reasoning
- Making general rules or coming up with answers from lots of detailed information.
Night Vision
- Seeing at night or under low light.
Far Vision
- Seeing details that are far away.

English Language
- Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
Foreign Language
- Knowledge of the structure and content of a foreign (non-English) language including the meaning and spelling of words, rules of composition and grammar, and pronunciation.
Transportation
- Knowledge of principles and methods for moving people or goods by air, rail, sea, or road, including the relative costs and benefits.
Biology
- Knowledge of plant and animal organisms, their tissues, cells, functions, interdependencies, and interactions with each other and the environment.
Production and Processing
- Knowledge of raw materials, production processes, quality control, costs, and other techniques for maximizing the effective manufacture and distribution of goods.
Engineering and Technology
- Knowledge of the practical application of engineering science and technology. This includes applying principles, techniques, procedures, and equipment to the design and production of various goods and services.
Building and Construction
- Knowledge of materials, methods, and the tools involved in the construction or repair of houses, buildings, or other structures such as highways and roads.
Economics and Accounting
- Knowledge of economic and accounting principles and practices, the financial markets, banking, and the analysis and reporting of financial data.
Psychology
- Knowledge of human behavior and performance; individual differences in ability, personality, and interests; learning and motivation; psychological research methods; and the assessment and treatment of behavioral and affective disorders.
Administrative
- Knowledge of administrative and office procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and workplace terminology.
Sales and Marketing
- Knowledge of principles and methods for showing, promoting, and selling products or services. This includes marketing strategy and tactics, product demonstration, sales techniques, and sales control systems.
Customer and Personal Service
- 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.
Food Production
- Knowledge of techniques and equipment for planting, growing, and harvesting food products (both plant and animal) for consumption, including storage/handling techniques.
Computers and Electronics
- Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
Mechanical
- Knowledge of machines and tools, including their designs, uses, repair, and maintenance.
Sociology and Anthropology
- Knowledge of group behavior and dynamics, societal trends and influences, human migrations, ethnicity, cultures, and their history and origins.
Communications and Media
- Knowledge of media production, communication, and dissemination techniques and methods. This includes alternative ways to inform and entertain via written, oral, and visual media.
Therapy and Counseling
- Knowledge of principles, methods, and procedures for diagnosis, treatment, and rehabilitation of physical and mental dysfunctions, and for career counseling and guidance.
Education and Training
- Knowledge of principles and methods for curriculum and training design, teaching and instruction for individuals and groups, and the measurement of training effects.
Public Safety and Security
- Knowledge of relevant equipment, policies, procedures, and strategies to promote effective local, state, or national security operations for the protection of people, data, property, and institutions.
Medicine and Dentistry
- Knowledge of the information and techniques needed to diagnose and treat human injuries, diseases, and deformities. This includes symptoms, treatment alternatives, drug properties and interactions, and preventive health-care measures.
Chemistry
- Knowledge of the chemical composition, structure, and properties of substances and of the chemical processes and transformations that they undergo. This includes uses of chemicals and their interactions, danger signs, production techniques, and disposal methods.
Personnel and Human Resources
- Knowledge of principles and procedures for personnel recruitment, selection, training, compensation and benefits, labor relations and negotiation, and personnel information systems.
Design
- Knowledge of design techniques, tools, and principles involved in production of precision technical plans, blueprints, drawings, and models.
Mathematics
- Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
Physics
- Knowledge and prediction of physical principles, laws, their interrelationships, and applications to understanding fluid, material, and atmospheric dynamics, and mechanical, electrical, atomic and sub-atomic structures and processes.
Telecommunications
- Knowledge of transmission, broadcasting, switching, control, and operation of telecommunications systems.
Fine Arts
- Knowledge of the theory and techniques required to compose, produce, and perform works of music, dance, visual arts, drama, and sculpture.
Philosophy and Theology
- Knowledge of different philosophical systems and religions. This includes their basic principles, values, ethics, ways of thinking, customs, practices, and their impact on human culture.
Administration and Management
- 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.
Geography
- Knowledge of principles and methods for describing the features of land, sea, and air masses, including their physical characteristics, locations, interrelationships, and distribution of plant, animal, and human life.
History and Archeology
- Knowledge of historical events and their causes, indicators, and effects on civilizations and cultures.
Law and Government
- Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.

Education

Bachelor's degree

Work Experience

No work experience

Training

No on-the-job training

Education and Training Opportunities

Washington Annual Salary

85650/yr

Washington Hourly Wage

41.18/hr

Currently Employed

2,070

Yearly Projected Openings

150

Conventional: People interested in this work like activities that include data, detail, and regular routines. They do well at jobs that need:

Analytical Thinking
Attention to Detail
Integrity
Dependability
Initiative
Stress Tolerance

Desktop calculator
Desktop computers
Notebook computers
Personal computers
Scanners

Analytical or scientific software
Business intelligence and data analysis software
Content workflow software
Data base user interface and query software
Development environment software
Document management software
Electronic mail software
Enterprise resource planning ERP software
Financial analysis software
Information retrieval or search software
Object or component oriented development software
Office suite software
Presentation software
Spreadsheet software
Word processing software

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