Time left: 2 years and 1 month · Group: Business and Financial Operations
The official job description
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 decisionmaking.
Source: O*NET OnLine, U.S. Department of Labor, used under CC BY 4.0.
What credit analysts do all day (for now)
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.
Oh hell yes. And sooner than you think. By my count you have 2 years and 1 month left, and the countdown only goes one way.
How long until AI replaces credit analysts?
2 years and 1 month. I'd start updating that CV, but I can also do that for you.
Which credit analysts tasks will AI take first?
The ones that already happen on a screen, starting with: analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money. The rest follows.