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PipelineNC Career Profile for

Credit Analysts

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Overview_b
Career Description
Analyze current 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 this credit information for use in decision-making.


Overview_c
NC Salary
$33,900
$69,630
$106,460



Overview_d
What It Takes
Required Level of Education - Bachelor's Degree
Related Work Experience - Over 2 years, up to and including 4 years
On-Site or In-Plant Training - Over 1 month, up to and including 3 months
On-the-Job Training - Over 1 month, up to and including 3 months

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Sample Tasks

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

Knowledge

Economics and Accounting
Importance: StarStarStar
Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.

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

Mathematics
Importance: StarStar
Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.

Customer and Personal Service
Importance: Star
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
Importance: Star
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.

Abilities

Problem Sensitivity
Importance: StarStar
The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing there is a problem.

Mathematical Reasoning
Importance: StarStar
The ability to choose the right mathematical methods or formulas to solve a problem.

Oral Comprehension
Importance: StarStar
The ability to listen to and understand information and ideas presented through spoken words and sentences.

Oral Expression
Importance: StarStar
The ability to communicate information and ideas in speaking so others will understand.

Deductive Reasoning
Importance: StarStar
The ability to apply general rules to specific problems to produce answers that make sense.

Work Styles

Integrity - Job requires being honest and ethical.
Attention to Detail - Job requires being careful about detail and thorough in completing work tasks.
Analytical Thinking - Job requires analyzing information and using logic to address work-related issues and problems.
Dependability - Job requires being reliable, responsible, and dependable, and fulfilling obligations.
Self Control - Job requires maintaining composure, keeping emotions in check, controlling anger, and avoiding aggressive behavior, even in very difficult situations.
Stress Tolerance - Job requires accepting criticism and dealing calmly and effectively with high stress situations.
Initiative - Job requires a willingness to take on responsibilities and challenges.
Persistence - Job requires persistence in the face of obstacles.
Cooperation - Job requires being pleasant with others on the job and displaying a good-natured, cooperative attitude.
Achievement/Effort - Job requires establishing and maintaining personally challenging achievement goals and exerting effort toward mastering tasks.

ASSESS YOUR JOB SKILLS FOR THIS CAREER PATH

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Listed below are the skills that are necessary for this career path. To select which skills you have, log in.

Skill Category: Getting Information

Importance: StarStarStarStar



Skill Category: Interacting With Computers

Importance: StarStarStarStar




Skill Category: Communicating with Supervisors, Peers, or Subordinates

Importance: StarStarStar

Skill Category: Analyzing Data or Information

Importance: StarStarStar





Skill Category: Making Decisions and Solving Problems

Importance: StarStarStar



National Data Source: Bureau of Labor Statistics, Office of Occupational Statistics and Employment Projections
State Data Source: The Employment Security Commission of North Carolina