CompGeo Salary Survey Benchmark Job Summary and Competencies

Credit Analysts

The Benchmark Job Description below represents the specific Position Characteristics of the job used in the Salary Survey. Benchmark Job Descriptions should be inspected carefully to review the degree of matching between an organizations' Job and the Salary Survey Benchmark. Matching internal Jobs to Salary Survey Benchmark Jobs should not be done on Job Title alone. A thorough comparison of Salary Survey Benchmark to Internal Job Descriptions is recommended. A good overlap should exist on any comparisons used on critical Job Dimensions and Competencies.
 
CompGeo Occupation Group: Finance
Job Family: Loan and Credit
Benchmark Title: Credit Analysts
 
Summary Job Description Tasks
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. 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.
 
 
CompGeo Occupation Group: Finance
Job Family: Loan and Credit
Benchmark Title: Credit Analysts
 
Important Knowledge Competencies Competency Description
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.
 
 
CompGeo Occupation Group: Finance
Job Family: Loan and Credit
Benchmark Title: Credit Analysts
 
Important Skill Competencies Competency Description
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.
 
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.
 
Judgment and Decision Making Considering the relative costs and benefits of potential actions to choose the most appropriate one.
 
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.
 
Systems Analysis Determining how a system should work and how changes in conditions, operations, and the environment will affect outcomes.
 
Time Management Managing one's own time and the time of others.
 
Monitoring Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.
 
Social Perceptiveness Being aware of others' reactions and understanding why they react as they do.
 
Coordination Adjusting actions in relation to others' actions.
 
Persuasion Persuading others to change their minds or behavior.
 
Systems Evaluation Identifying measures or indicators of system performance and the actions needed to improve or correct performance, relative to the goals of the system.
 
 
CompGeo Occupation Group: Finance
Job Family: Loan and Credit
Benchmark Title: Credit Analysts
 
Important Ability Competencies Competency Description
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 there is a problem.
 
Mathematical Reasoning The ability to choose the right mathematical methods or formulas to solve a problem.
 
Oral Comprehension The ability to listen to and understand information and ideas presented through spoken words and sentences.
 
Oral Expression The ability to communicate information and ideas in speaking so others will understand.
 
Deductive Reasoning The ability to apply general rules to specific problems to produce answers that make sense.
 
Inductive Reasoning The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
 
Number Facility The ability to add, subtract, multiply, or divide quickly and correctly.
 
Written Comprehension The ability to read and understand information and ideas presented in writing.
 
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).
 
Speech Clarity The ability to speak clearly so others can understand you.
 
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.
 
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.
 
Selective Attention The ability to concentrate on a task over a period of time without being distracted.
 
Speed of Closure The ability to quickly make sense of, combine, and organize information into meaningful patterns.
 
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.
 
Fluency of Ideas The ability to come up with a number of ideas about a topic (the number of ideas is important, not their quality, correctness, or creativity).
 
 
CompGeo Occupation Group: Finance
Job Family: Loan and Credit
Benchmark Title: Credit Analysts
 
Tools/Technology Example Product Category
CGI-AMS BureauLink Enterprise Information retrieval or search software
 
CGI-AMS CACS Enterprise Financial analysis software
 
CGI-AMS Strata Financial analysis software
 
Credit adjudication and lending management system CALMS software Document management software
 
Credit and risk analysis software Financial analysis software
 
Credit fraud detection software Financial analysis software
 
Dun and Bradstreet Global DecisionMaker Financial analysis software
 
Equifax Advanced Decisioning Financial analysis software
 
Equifax Application Engine Content workflow software
 
Equifax InterConnect Financial analysis software
 
Experian Credinomics Financial analysis software
 
Experian Detect Financial analysis software
 
Experian FraudShield Financial analysis software
 
Experian Quest Financial analysis software
 
Experian Retention Triggers Financial analysis software
 
Experian Strategy Management Office suite software
 
Experian Transact SM Content workflow software
 
Fair Isaac Application Risk Model Software Financial analysis software
 
Fair Isaac Capstone Decision Manager Financial analysis software
 
Fair Isaac Falcon ID Financial analysis software
 
FinEng Solutions software Analytical or scientific software
 
Moody's KMV CreditEdge Financial analysis software
 
Moody's KMV Decisions Financial analysis software
 
Moody's KMV Financial Analyst Financial analysis software
 
Moody's KMV Risk Advisor Financial analysis software
 
Moody's KMV Risk Analyst Financial analysis software
 
eCredit Enterprise Financial analysis software
 
10-key calculators Calculators or accessories
 
Desktop computers Desktop computers
 
Notebook computers Notebook computers
 
Personal computers Personal computers
 
Scanners Scanners
 
 
CompGeo Occupation Group: Finance
Job Family: Loan and Credit
Benchmark Title: Credit Analysts
 
Prerequisite Qualification Category Education and Experience Level
Related Work Experience Over 2 years, up to and including 4 years
 
Required Level of Education Bachelor's Degree
 
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
 
 
CompGeo Occupation Group: Finance
Job Family: Loan and Credit
Benchmark Title: Credit Analysts
 
Alternate Job Title(s)
Analyst
Credit Administrator
Credit Analyst
Credit Assessment Analyst
Credit Manager
Credit Negotiator
Credit Representative
Credit Risk Analyst
Credit Specialist
Credit and Collections Analyst
Escrow Representative
Factorer
Financial Analyst
Financing Analyst
Loan Officer
Loan Review Analyst
Risk Analyst
Underwriter
 
CompGeo Occupation Group: Finance
Job Family: Loan and Credit
Benchmark Title: Credit Analysts
 
 
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