Credit Analyst job description: duties, skills and qualifications.

Core duties

7

O*NET task statements

Preparation

Job Zone 4 of 5

considerable preparation

Typical entry education

Bachelor's degree

BLS 2025–35

Median pay

$83,510

BLS May 2025

1. Analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money. importance 4.9 of 5
2. Complete loan applications, including credit analyses and summaries of loan requests, and submit to loan committees for approval. importance 4.8 of 5
3. Generate financial ratios, using computer programs, to evaluate customers' financial status. importance 4.5 of 5
4. Prepare reports that include the degree of risk involved in extending credit or lending money. importance 4.5 of 5
5. Analyze financial data, such as income growth, quality of management, and market share to determine expected profitability of loans. importance 4.5 of 5
6. Compare liquidity, profitability, and credit histories of establishments being evaluated with those of similar establishments in the same industries and geographic locations. importance 4.2 of 5
7. Consult with customers to resolve complaints and verify financial and credit transactions. importance 3.1 of 5

Work activities O*NET rates most important here: Analyzing Data or Information, Getting Information, Working with Computers, Processing Information and Communicating with Supervisors, Peers, or Subordinates.

Also part of the job

Supplemental tasks O*NET lists for this occupation: less central than the core duties above, and not done in every job.

• Contact customers to collect payments on delinquent accounts.
• Evaluate customer records and recommend payment plans, based on earnings, savings data, payment history, and purchase activity.
• Review individual or commercial customer files to identify and select delinquent accounts for collection.
• Confer with credit association and other business representatives to exchange credit information.

Knowledge areas: Economics and Accounting, Mathematics, English Language, Law and Government and Administrative.

Software O*NET lists for this occupation: Microsoft Excel, Microsoft Office software, Microsoft Outlook, Microsoft PowerPoint, Microsoft Word, SAS. These are examples O*NET records for the job, not a list of tools every employer uses or a checklist of what you must know.

• Education: BLS lists a bachelor's degree as the typical entry-level education.
• Experience: BLS lists no work experience in a related occupation as typical to enter.
• Training on the job: BLS lists no typical on-the-job training once hired.
• Preparation: O*NET places the job in Job Zone 4 of 5 (considerable preparation). A considerable amount of work-related skill, knowledge, or experience is needed for these occupations.
• Licenses and certifications: not listed here. A license is a legal requirement set by a state; a certification is a credential from a private or professional body. Rules vary by state and employer, and a missing entry on this page does not mean none is required: check with your state's licensing board and see how to become a credit analyst.

Most O*NET's occupation experts for this occupation (95%) name a bachelor's degree as the education the job requires.

Job title: Credit Analyst
[Company] · [City, State] · [Full-time or part-time] · [Pay range, where your state requires one]

About the role
[Company] is hiring a Credit Analyst to analyze credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money.
[One sentence on your team and why this role matters.]

What you will do
- Analyze credit data and financial statements to determine 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.
- Generate financial ratios, using computer programs, to evaluate customers' financial status.
- Prepare reports that include the degree of risk involved in extending credit or lending money.
- Analyze financial data, such as income growth, quality of management, and market share to determine expected profitability of loans.
- 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.

What we are looking for
- [Education: BLS lists a bachelor's degree as typical for this occupation; set the level this role truly needs]
- [Experience: BLS lists no related work experience as typical to enter; set what this role needs]
- Strength in critical thinking, reading comprehension and speaking
- Working knowledge of Economics and Accounting and Mathematics
- [Software your team uses, e.g. Microsoft Excel or Microsoft Office software]
- [Any license or certification your state or company requires]

[Schedule, benefits and how to apply]

Illustrative: every name, employer, school, date and number in these samples is fictional or a bracketed placeholder. Replace each bracket with your own true details; never copy a result you did not achieve.

Not a real job posting. This template is TryHired's illustration built from government occupational data. It is not an opening at any employer, and no employer wrote it.

The median annual wage was $83,510 in May 2025. The median hourly wage was $40.15. BLS estimates about 64,390 jobs in this occupation in the U.S.

BLS projects employment of credit analysts to decline 4.3% from 2025 to 2035, with about 3,100 openings a year over that period, including openings to replace workers who leave.

See the full credit analyst salary breakdown by percentile, state and metro.

• Read a real credit analyst posting next to the core duties above. Duties it repeats, such as “Analyze credit data and financial statements to determine the degree…”, tell you what that employer weighs most; anything it adds is specific to that team.
• Tailor your resume to the posting, not to this page: describe only credit analyst work you have actually done, with your own results.
• Prepare a story for each of the top-rated skills (critical thinking and reading comprehension); credit analyst interview questions turns them into practice questions.