Credit Analysts Go Back to List 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 decision making.

Technology used in this occupation:
	Information retrieval or search software

Tasks
	Analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money.
	Prepare reports that include the degree of risk involved in extending credit or lending money.
	Evaluate customer records and recommend payment plans based on earnings, savings data, payment history, and purchase activity.
	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.
	Generate financial ratios, using computer programs, to evaluate customers' financial status.
	Review individual or commercial customer files to identify and select delinquent accounts for collection.
	Compare liquidity, profitability, and credit histories of establishments being evaluated with those of similar establishments in the same industries and geographic locations.
	Consult with customers to resolve complaints and verify financial and credit transactions.
	Analyze financial data such as income growth, quality of management, and market share to determine expected profitability of loans.

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.
	Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.
	Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
	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.
	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 needs of the audience.
	Service Orientation - Actively looking for ways to help people.

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.
	Customer and Personal Service - Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
	Clerical - Knowledge of administrative and clerical procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and other office procedures and terminology.
	Law and Government - Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
	Computers and Electronics - Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
	Administration and Management - Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
	Communications and Media - Knowledge of media production, communication, and dissemination techniques and methods. This includes alternative ways to inform and entertain via written, oral, and visual media.
	Sales and Marketing - Knowledge of principles and methods for showing, promoting, and selling products or services. This includes marketing strategy and tactics, product demonstration, sales techniques, and sales control systems.

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Education & Training   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. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified.

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Wage Information
	Region Average Entry Level  Mid-Range  Annual  Hourly  Statewide $93,123.00 $44.77  $26.73  $31.13 - $53.81  Bridgeport/Stamford $108,869.00 $52.34  $30.86  $36.67 - $63.21  Danbury $115,172.00 $55.37  $27.87  $31.37 - $65.87  Hartford $82,374.00 $39.60  $27.35  $31.18 - $44.73  New Haven $83,975.00 $40.38  $24.34  $29.05 - $43.46  New London/Norwich $70,186.00 $33.75  $21.80  $23.01 - $39.36  Waterbury $76,999.00 $37.02  $18.86  $22.44 - $50.13

Occupation Outlook ( 2016 - 2026 ) Average Annual Job Openings:   63   Employment in this occupation is expected to grow more slowly than average, and the number of annual openings will offer somewhat limited job opportunities.

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	Some of the occupational information on this page is formulated from O*NETTM v17.0 data. O*NETTM is a trademark of the U.S. Department of Labor, Employment and Training Administration.