Salary National Average
Low
Medium
High
48600.0000
57920.0000
68770.0000
Supply and Demand
Candidate Supply: 531
Job Openings: 175
0
50
100
More Difficult
Less Difficult
Short Description:
A Credit and Collections Analyst assesses the creditworthiness of individuals or businesses applying for loans or credit. Their responsibilities include analyzing financial statements, credit reports, and other relevant data to evaluate the risk associated with extending credit. Credit Analysts make recommendations on loan approvals, terms, and credit limits, and they may also monitor existing accounts for potential risks. Strong analytical skills, attention to detail, and a deep understanding of financial principles are essential for success in this role, as Credit Analysts contribute to sound lending decisions and risk management within financial institutions.
Duties / Responsibilities:
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.
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.
Confer with credit association and other business representatives to exchange credit information.
Complete loan applications, including credit analyses and summaries of loan requests, and submit to loan committees for approval.
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.
Skills / Requirements / Qualifications
Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
Active Learning: Understanding the implications of new information for both current and future problem-solving and decision-making.
Active Listening: Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
Judgment and Decision Making: Considering the costs and benefits of potential actions to choose the most appropriate one.
Reading Comprehension: Understanding written sentences and paragraphs in work-related documents.
Speaking: Talking to others to convey information effectively.
Mathematics: Using mathematics to solve problems.
Complex Problem Solving: Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
Writing: Communicating effectively in writing as appropriate for the audience's needs.
Service Orientation: Actively looking for ways to help people.
Compliance: Using relevant information and individual judgment to determine whether events or processes comply with laws, regulations, or standards.
Communication: Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person.
Analyze Data: Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
Job Zones
Title: Job Zone Four: Considerable Preparation Needed
Education: Most of these occupations require a four-year bachelor's degree, but some do not.
Related Experience: A considerable amount of work-related skill, knowledge, or experience is needed for these occupations.
Job Training: Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.
Job Zone Examples: Many of these occupations involve coordinating, supervising, managing, or training others.
Specific Vocational Preparation in years: 2-4 years preparation (7.0 to < 8.0)
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