Careers > Credit Analysts

Credit Analysts

$78.85K Median Salary 5.5K Job Openings (Annual Projection) -5.8% Job Growth

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About This Career

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.

Reported Job Titles

Credit Administrator, Credit Analyst, Credit and Collections Analyst, Credit Officer, Credit Representative, Credit Risk Analyst, Municipal Fixed Income Analyst

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Skills You'll Need

Click on skills to find related courses.

Abilities

Oral Expression

Inductive Reasoning

Oral Comprehension

Written Comprehension

Deductive Reasoning

Mathematical Reasoning

Number Facility

Problem Sensitivity

Information Ordering

Near Vision

Written Expression

Speech Recognition

Category Flexibility

Speech Clarity

Flexibility of Closure

Perceptual Speed

Knowledge

Economics and Accounting

English Language

Mathematics

Law and Government

Administrative

Skills

Critical Thinking

Active Learning

Reading Comprehension

Speaking

Active Listening

Mathematics

Judgment and Decision Making

Writing

Complex Problem Solving

Monitoring

Service Orientation

Social Perceptiveness

Time Management

Technology Skills

Enterprise resource planning ERP software

Presentation software

Financial analysis software

Content workflow software

Development environment software

Office suite software

Data base user interface and query software

Spreadsheet software

Electronic mail software

Document management software

Word processing software

Business intelligence and data analysis software

Analytical or scientific software

Information retrieval or search software

Tools

Notebook computers

Scanners

Desktop calculator

Desktop computers

Personal computers

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.
Written Comprehension: The ability to read and understand information and ideas presented in writing.
Deductive Reasoning: The ability to apply general rules to specific problems to produce answers that make sense.
Mathematical Reasoning: The ability to choose the right mathematical methods or formulas to solve a problem.
Number Facility: The ability to add, subtract, multiply, or divide quickly and correctly.
Problem Sensitivity: The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing that there is a problem.
Information Ordering: The ability to arrange things or actions in a certain order or pattern according to a specific rule or set of rules (e.g., patterns of numbers, letters, words, pictures, mathematical operations).
Near Vision: The ability to see details at close range (within a few feet of the observer).
Written Expression: The ability to communicate information and ideas in writing so others will understand.
Speech Recognition: The ability to identify and understand the speech of another person.
Category Flexibility: The ability to generate or use different sets of rules for combining or grouping things in different ways.
Speech Clarity: The ability to speak clearly so others can understand you.
Flexibility of Closure: The ability to identify or detect a known pattern (a figure, object, word, or sound) that is hidden in other distracting material.
Perceptual Speed: The ability to quickly and accurately compare similarities and differences among sets of letters, numbers, objects, pictures, or patterns. The things to be compared may be presented at the same time or one after the other. This ability also includes comparing a presented object with a remembered object.

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.
Law and Government: Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
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.

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.
Speaking: Talking to others to convey information effectively.
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.
Mathematics: Using mathematics to solve problems.
Judgment and Decision Making: Considering the relative costs and benefits of potential actions to choose the most appropriate one.
Writing: Communicating effectively in writing as appropriate for the needs of the audience.
Complex Problem Solving: Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
Monitoring: Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.
Service Orientation: Actively looking for ways to help people.
Social Perceptiveness: Being aware of others' reactions and understanding why they react as they do.
Time Management: Managing one's own time and the time of others.

Technology Skills

Enterprise resource planning ERP software: Oracle JD Edwards EnterpriseOne; Oracle PeopleSoft; Oracle PeopleSoft Financials; SAP software
Presentation software: Microsoft PowerPoint
Financial analysis software: Delphi Technology
Content workflow software: Atlassian JIRA
Development environment software: Adobe Systems Adobe Creative Suite
Office suite software: Microsoft Office software
Data base user interface and query software: Blackboard software; Database software; Microsoft Access; Yardi software
Spreadsheet software: Microsoft Excel
Electronic mail software: IBM Notes; Microsoft Exchange; Microsoft Outlook
Document management software: Adobe Systems Adobe Acrobat; Filing system software; Records management software; Transcription system software
Word processing software: 3M Post-it App; Evernote; Google Docs; Microsoft Word
Business intelligence and data analysis software: BrightEdge; Conductor Searchlight; IBM Digital Analytics; Searchmetrics Suite
Analytical or scientific software: Statistical analysis software; TapRooT
Information retrieval or search software: LexisNexis

Tools

Notebook computers: Laptop computers
Scanners: Data input scanners
Desktop calculator: 10-key calculators
Desktop computers:
Personal computers:

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