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The differences between commercial credit analysts and senior underwriters can be seen in a few details. Each job has different responsibilities and duties. Additionally, a senior underwriter has an average salary of $69,375, which is higher than the $66,482 average annual salary of a commercial credit analyst.
The top three skills for a commercial credit analyst include credit analysis, customer service and strong analytical. The most important skills for a senior underwriter are customer service, portfolio, and underwriting guidelines.
| Commercial Credit Analyst | Senior Underwriter | |
| Yearly salary | $66,482 | $69,375 |
| Hourly rate | $31.96 | $33.35 |
| Growth rate | 4% | -4% |
| Number of jobs | 42,862 | 6,726 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 80% | Bachelor's Degree, 71% |
| Average age | 39 | 44 |
| Years of experience | 2 | - |
A commercial credit analyst is primarily in charge of assessing a client's credit or loan application, ensuring that they are fit to uphold financial obligations. Their responsibilities typically revolve around coordinating different departments to gather necessary client data, reviewing financial histories, verifying the authenticity of requirements, and developing financial profiles. Moreover, a commercial credit analyst may perform research and analysis to identify new business opportunities, produce progress and sales reports, monitor the payment progress of clients, and maintain a record of all transactions.
A senior underwriter is responsible for evaluating the eligibility of an applicant for loan application processing. Senior underwriters verify the applicant's information, including their credit score and other valid documents, ensuring that the applicant fulfills the loan application's parameters. They check the applicant's portfolios and provide them the next necessary steps and the alternatives for loan types. A senior underwriter must have excellent knowledge of the loan processes and underwriting procedures to analyze applications and make accurate decisions.
Commercial credit analysts and senior underwriters have different pay scales, as shown below.
| Commercial Credit Analyst | Senior Underwriter | |
| Average salary | $66,482 | $69,375 |
| Salary range | Between $46,000 And $94,000 | Between $44,000 And $108,000 |
| Highest paying City | Burlingame, CA | New York, NY |
| Highest paying state | California | New York |
| Best paying company | HSBC Bank | Capital Group |
| Best paying industry | Automotive | Insurance |
There are a few differences between a commercial credit analyst and a senior underwriter in terms of educational background:
| Commercial Credit Analyst | Senior Underwriter | |
| Most common degree | Bachelor's Degree, 80% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between commercial credit analysts' and senior underwriters' demographics:
| Commercial Credit Analyst | Senior Underwriter | |
| Average age | 39 | 44 |
| Gender ratio | Male, 61.6% Female, 38.4% | Male, 42.0% Female, 58.0% |
| Race ratio | Black or African American, 7.9% Unknown, 2.7% Hispanic or Latino, 9.6% Asian, 10.5% White, 69.0% American Indian and Alaska Native, 0.3% | Black or African American, 9.3% Unknown, 2.5% Hispanic or Latino, 9.4% Asian, 5.6% White, 72.9% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 11% | 9% |