Careers as Credit Analysts
Credit analysts examine financial statements and credit data of people or businesses and then decide how risky it is for a credit company to give that person a loan. They sometimes have a title like credit manager, underwriter, credit representative, credit administrator, risk analyst or credit risk analyst.
Duties of credit analysts include preparing reports regarding potential loaning risks, interpreting customer records, helping customers resolve complaints, completing applications, calculating financial ratios, comparing credit histories and working with credit associations.
If you are good at math, reasoning, listening, communicating, learning, decision making, giving instructions, reading and writing, then you would probably do well as a credit analyst.
To land this job you will need a bachelor’s degree. An educational program will help you gain a working knowledge of things like clerical skills, economics, math, customer and personal service and accounting. Check out what programs are being offered in many locations.
Job opportunities for credit analysts are expected to increase quickly. The average hourly wage for people with this career is about $26 and the average annual income is about $55,000.