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.
- Tasks
- 11 tasks7 core, 4 supplemental
- Family
- Business & FinancialOne of its 50 occupations
- Code
- 13-2041.00SOC 2018: 13-2041
What the work is made of
7 core tasks and 4 supplemental, each quoted as published, with the survey it came from.
Core: central to the jobSupplemental: done by some, not all
- Task 1. Analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money.Core taskTask 1250Rated by 20 occupational experts, August 2020
- Task 2. Complete loan applications, including credit analyses and summaries of loan requests, and submit to loan committees for approval.Core taskTask 1254Rated by 20 occupational experts, August 2020
- Task 3. Generate financial ratios, using computer programs, to evaluate customers' financial status.Core taskTask 1255Rated by 20 occupational experts, August 2020
- Task 4. Prepare reports that include the degree of risk involved in extending credit or lending money.Core taskTask 1251Rated by 20 occupational experts, August 2020
- Task 5. Analyze financial data, such as income growth, quality of management, and market share to determine expected profitability of loans.Core taskTask 1259Rated by 20 occupational experts, August 2020
- Task 6. Compare liquidity, profitability, and credit histories of establishments being evaluated with those of similar establishments in the same industries and geographic locations.Core taskTask 1257Rated by 20 occupational experts, August 2020
- Task 7. Consult with customers to resolve complaints and verify financial and credit transactions.Core taskTask 1258Rated by 20 occupational experts, August 2020
- Task 8. Contact customers to collect payments on delinquent accounts.Supplemental taskTask 21164Rated by 20 occupational experts, August 2020
- Task 9. Evaluate customer records and recommend payment plans, based on earnings, savings data, payment history, and purchase activity.Supplemental taskTask 1252Rated by 20 occupational experts, August 2020
- Task 10. Review individual or commercial customer files to identify and select delinquent accounts for collection.Supplemental taskTask 1256Rated by 20 occupational experts, August 2020
- Task 11. Confer with credit association and other business representatives to exchange credit information.Supplemental taskTask 1253Rated by 20 occupational experts, August 2020
Where this comes from
Quoted from the U.S. Department of Labor, and credited. Nothing on this page is written by us.
How we copy and credit sources- Published byO*NET 29.0, U.S. Department of LaborEmployment and Training Administration
- ClassificationStandard Occupational Classification 2018, 13-2041
- LicenseCC BY 4.0Free to copy and reuse, with credit
- Changed by usNothing.
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