Occupation · SOC 13-2041
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.
Median wage
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Projected growth
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Annual openings
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per year
Employed (US)
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Job Zone 4
Typical preparation
Considerable preparation
Stackable credential programs
966 mapped
Core skills
Critical ThinkingSpeakingReading ComprehensionActive LearningActive ListeningMathematicsWritingJudgment and Decision MakingTime ManagementSocial PerceptivenessService OrientationMonitoringComplex Problem SolvingSystems EvaluationSystems AnalysisCoordinationOperations AnalysisPersuasionNegotiationLearning StrategiesInstructingManagement of Personnel ResourcesManagement of Financial ResourcesOperations MonitoringManagement of Material ResourcesQuality Control AnalysisProgrammingScienceOperation and ControlTroubleshootingTechnology DesignRepairingInstallationEquipment SelectionEquipment Maintenance
Knowledge areas
Economics and AccountingMathematicsEnglish LanguageLaw and GovernmentAdministrativeCustomer and Personal ServiceComputers and ElectronicsAdministration and ManagementProduction and ProcessingEducation and TrainingSales and MarketingCommunications and MediaPublic Safety and SecurityGeographyBuilding and ConstructionPersonnel and Human ResourcesTelecommunicationsSociology and AnthropologyHistory and ArcheologyPsychologyPhilosophy and TheologyEngineering and TechnologyDesignTransportationMedicine and DentistryForeign LanguageMechanicalTherapy and CounselingPhysicsFood ProductionFine ArtsChemistryBiology
Technology & tools
CGI-AMS BureauLink EnterpriseCGI-AMS CACS EnterpriseCGI-AMS StrataCredit adjudication and lending management system CALMSCredit and risk analysis softwareCredit fraud detection softwareDun and Bradstreet Global DecisionMakerEquifax Advanced DecisioningEquifax Application EngineEquifax InterConnectExperian CredinomicsExperian DetectExperian FraudShieldExperian QuestExperian Retention TriggersExperian Strategy ManagementExperian Transact SMFair Isaac Application Risk Model SoftwareFair Isaac Capstone Decision ManagerFair Isaac Falcon IDMicrosoft DynamicsMicrosoft ExcelMicrosoft Office softwareMicrosoft OutlookMicrosoft PowerPointMicrosoft SQL ServerMicrosoft Visual BasicMicrosoft Visual Basic for Applications VBAMicrosoft WordMoody's KMV CreditEdgeMoody's KMV DecisionsMoody's KMV Financial AnalystMoody's KMV Risk AdvisorMoody's KMV Risk AnalystOracle Business Intelligence Enterprise EditionOracle JD Edwards EnterpriseOnePythonSAP softwareSASStructured query language SQL
Representative tasks
Analyzing Data or InformationGetting InformationWorking with ComputersProcessing InformationCommunicating with Supervisors, Peers, or SubordinatesMaking Decisions and Solving ProblemsUpdating and Using Relevant KnowledgeInterpreting the Meaning of Information for OthersEvaluating Information to Determine Compliance with StandardsEstablishing and Maintaining Interpersonal RelationshipsOrganizing, Planning, and Prioritizing WorkIdentifying Objects, Actions, and EventsDocumenting/Recording InformationTraining and Teaching OthersJudging the Qualities of Objects, Services, or PeopleCommunicating with People Outside the OrganizationCoaching and Developing OthersMonitoring Processes, Materials, or SurroundingsPerforming Administrative ActivitiesGuiding, Directing, and Motivating SubordinatesThinking CreativelyProviding Consultation and Advice to OthersDeveloping and Building TeamsResolving Conflicts and Negotiating with OthersScheduling Work and ActivitiesEstimating the Quantifiable Characteristics of Products, Events, or InformationDeveloping Objectives and StrategiesCoordinating the Work and Activities of OthersSelling or Influencing OthersStaffing Organizational UnitsPerforming for or Working Directly with the PublicMonitoring and Controlling ResourcesInspecting Equipment, Structures, or MaterialsAssisting and Caring for OthersControlling Machines and ProcessesPerforming General Physical ActivitiesHandling and Moving ObjectsDrafting, Laying Out, and Specifying Technical Devices, Parts, and EquipmentRepairing and Maintaining Electronic EquipmentOperating Vehicles, Mechanized Devices, or Equipment
Competency framework
Skill expectations by proficiency level.
emerging
Basic credit data and financial statements — review and organize under direct supervision to support initial risk assessments in a commercial lending environment.Standard loan application forms — complete with guidance, compiling required documentation and credit summaries for submission to a loan committee.Financial ratio calculations — execute using spreadsheet software and financial analysis tools to evaluate a customer's basic financial position under supervisor review.Entry-level credit risk reports — draft following established templates to communicate findings on individual borrower files in a structured lending department.Income statements and balance sheets — interpret fundamental line items under direction to identify early indicators of a borrower's financial health.Liquidity and profitability metrics — compare across a limited set of peer establishments using database query tools under close oversight from senior analysts.Customer financial records — gather and verify by consulting directly with clients to resolve straightforward discrepancies in credit transaction data.Economics and accounting principles — apply foundational knowledge to classify financial data inputs correctly within a guided credit analysis workflow.Office suite and electronic mail software — use to organize, format, and transmit credit analysis documents in compliance with departmental procedures.Attention to detail practices — demonstrate by cross-checking numerical data entries and source documents before submitting analysis drafts for senior review.
developing
Credit data and financial statements — analyze with reduced oversight to assess degree of risk involved in extending credit across routine commercial loan requests.Loan application packages — prepare independently, including comprehensive credit analyses and narrative summaries of loan requests, for timely submission to loan committees.Financial ratios — generate and interpret using specialized financial analysis software to evaluate customer financial status across a portfolio of active accounts.Credit risk reports — produce with consistent accuracy, articulating risk levels and supporting data clearly for use by lending officers and committee members.Income growth, management quality, and market share data — analyze routinely to project expected profitability of proposed loans within familiar industry segments.Liquidity, profitability, and credit history comparisons — conduct across similar establishments in the same industry and geographic market using information retrieval software.Customer complaints and disputed financial transactions — resolve through direct consultation, applying active listening and social perceptiveness to reach satisfactory outcomes.ERP and document management systems — navigate proficiently to maintain accurate credit files and support content workflow processes within the lending department.Written credit summaries and analytical memos — compose clearly and concisely for internal stakeholders, reflecting strong reading comprehension and writing skills.Time management practices — apply to balance competing loan review deadlines and maintain throughput across an assigned portfolio of borrower cases.
proficient
Complex credit data and multi-entity financial statements — analyze autonomously to determine risk exposure for large, non-routine, or structurally sophisticated credit requests.Comprehensive loan application dossiers — construct independently for high-value or complex credits, ensuring all risk factors are documented and clearly justified for committee approval.Advanced financial modeling and ratio analysis — perform using integrated financial analysis and ERP software to evaluate customers with multi-layered capital structures or cross-border operations.Detailed credit risk reports — author for senior management and regulatory audiences, translating quantitative findings into actionable risk assessments and recommendations.Profitability projections and qualitative risk factors — synthesize across industry cycles, macroeconomic trends, and management quality indicators to form well-supported lending recommendations.Peer benchmarking analyses — execute across diverse industries and geographic markets, interpreting deviations from industry norms and escalating material risk findings appropriately.Escalated customer disputes and complex transaction discrepancies — resolve through structured consultation, applying judgment, deductive reasoning, and institutional policy to reach defensible conclusions.Inductive and deductive reasoning — apply across ambiguous or data-limited credit scenarios to identify hidden risk patterns and adapt analytical frameworks accordingly.Presentation software and data visualization tools — leverage to communicate nuanced credit findings persuasively to loan committees, executives, and external audit stakeholders.Regulatory and legal requirements governing credit extension — interpret and apply correctly to ensure all analytical outputs comply with applicable law, government standards, and internal policy.
advanced
Credit analysis frameworks and risk rating methodologies — design and institutionalize across the department to standardize how risk is assessed and reported at organizational scale.Loan committee evaluation criteria and approval standards — establish and refine in collaboration with senior leadership to align credit decisions with the institution's risk appetite and strategic goals.Portfolio-level financial ratio monitoring systems — oversee and continuously improve, directing teams in the use of financial analysis software to detect emerging risk trends early.Credit risk reporting architecture — lead the development of, ensuring reports produced by analysts at all levels meet regulatory, executive, and board-level information requirements.Macroeconomic and industry-level profitability analysis — direct across multiple sectors, guiding strategic decisions on credit concentration, new market entry, and product development.Cross-industry benchmarking programs — champion organization-wide, setting analytical standards and ensuring consistent geographic and sector comparisons inform credit strategy.Escalation protocols for unresolved customer disputes and systemic transaction errors — author and enforce, ensuring resolution processes uphold integrity and regulatory compliance at scale.Critical thinking and complex problem-solving culture — cultivate within the credit analysis function by mentoring analysts, conducting case reviews, and modeling intellectual rigor in ambiguous situations.Technology roadmap for credit analysis tooling — shape by evaluating ERP, database, and financial analysis software investments that enhance team capacity and analytical accuracy.Credit policy and governance standards — author and champion across the organization, translating regulatory requirements and risk philosophy into enforceable operational procedures for all lending staff.
Also known as
21 alternate job titles map to this occupation.
Commercial Credit AnalystCommercial Credit ManagerCredit AdministratorCredit AnalystCredit and Collections AnalystCredit Assessment AnalystCredit Assistant ManagerCredit CoordinatorCredit ManagerCredit NegotiatorCredit OfficerCredit Portfolio ManagerCredit RepresentativeCredit Risk AnalystCredit Risk ManagerCredit Risk SpecialistCredit SpecialistEscrow RepresentativeFactorerLoan Review AnalystMunicipal Fixed Income Analyst