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Occupation information for

Credit Analysts
District Of Columbia

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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.

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details

Currently Employed: 360

Projected Annual Job Openings: 20

Typical Hourly Wage: $29.18 - $54.63

Typical Annual Salary: $60,700 - $113,600

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typical training

Typical education needed for entry: Bachelor's degree

Typical work experience needed for a job in this occupation: None

Typical on-the-job training once you have a job in this occupation: None

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typical job duties

  • Analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money.
  • Generate financial ratios, using computer programs, to evaluate customers' financial status.
  • 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.
  • 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.
  • Review individual or commercial customer files to identify and select delinquent accounts for collection.
  • Analyze financial data such as income growth, quality of management, and market share to determine expected profitability of loans.
  • 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.

tools & technology


Tools:
  • Desktop calculator
  • Desktop computers
  • Notebook computers
  • Personal computers
  • Scanners

Technology:
  • Content workflow software
  • Document management software
  • Financial analysis software
  • Information retrieval or search software
  • Office suite software

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