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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.

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    Work Activities

    Work Activities

    • 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.
    • Prepare reports that include the degree of risk involved in extending credit or lending money.
    • Generate financial ratios, using computer programs, to evaluate customers' financial status.
    • 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.
    • 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.
    • 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.
    • Consult with customers to resolve complaints and verify financial and credit transactions.

    Skills

    • 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.

    • Reading Comprehension

      Understanding written sentences and paragraphs in work related documents.

    WorkKeys®

    Applied Math
    5
    Workplace Documents
    5
    Graphic Literacy
    5

    Abilities

    • Oral Expression

      The ability to communicate information and ideas in speaking so others will understand.

    • Inductive Reasoning

      The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).

    • Oral Comprehension

      The ability to listen to and understand information and ideas presented through spoken words and sentences.

    Knowledge

    • Economics and Accounting

      Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.

    • English Language

      Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.

    • Mathematics

      Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.

    Career Video

    Additional videos and more information available on CareerOneStop

    Pay

    • Ohio Annual Salary 74370/yr
    • Typical Salary
    • Ohio Hourly Wage 35.75/hr
    • Typical Hourly Wage

    Ohio Employment Trends

    • Currently Employed 2,930
    • Yearly Projected Openings 290

    Typical Education

    Personality

    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

    Tools

    • Scanners
    • Personal computers
    • Notebook computers
    • Desktop computers
    • Desktop calculator

    Technology

    • Financial analysis software
    • Enterprise resource planning ERP software
    • Development environment software
    • Data base user interface and query software
    • Content workflow software

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    Workforce Supply Tool

    Workforce Supply Tool

    The Workforce Supply Tool provides statistics for the occupations in highest demand throughout Ohio.

    You can view statewide statistics as well as more region specific information.

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