Credit analyst vs credit representative

The differences between credit analysts and credit representatives can be seen in a few details. Each job has different responsibilities and duties. It typically takes 1-2 years to become both a credit analyst and a credit representative. Additionally, a credit analyst has an average salary of $61,422, which is higher than the $39,268 average annual salary of a credit representative.

The top three skills for a credit analyst include customer service, credit analysis and customer accounts. The most important skills for a credit representative are customer service, customer accounts, and patients.

Credit analyst vs credit representative overview

	Credit Analyst	Credit Representative
Yearly salary	$61,422	$39,268
Hourly rate	$29.53	$18.88
Growth rate	-5%	-8%
Number of jobs	16,406	73,520
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 65%	Bachelor's Degree, 47%
Average age	39	39
Years of experience	2	2

What does a credit analyst do?

A credit analyst's role is to assess and determine a client's capacity to uphold financial obligations when applying for loans or credit programs. Working for creditors like banks and lending firms, a credit analyst must interpret and analyze financial data and personal records, identify inconsistencies and risks, and verify necessary documentation in support of loan committees. Furthermore, a credit analyst must also perform administrative tasks such as preparing reports and applications, fulfilling document requests, reaching out to clients, and coordinating with colleagues to assure accuracy in all operations.

What does a credit representative do?

Credit representatives are professionals who analyze the credit data and the financial statements of firms or individuals for the determination of the risk in lending money or extending credit. The representatives are tasked to prepare reports with credit information used in decision making. They manage credit files and process credit reports from different credit reporting sources. They also mentor and coach credit representatives newly hired in corporate procedures and policies. Also, they expand collection procedures and policies to lessen DSO parameter risk.

Credit analyst vs credit representative salary

Credit analysts and credit representatives have different pay scales, as shown below.

	Credit Analyst	Credit Representative
Average salary	$61,422	$39,268
Salary range	Between $40,000 And $93,000	Between $28,000 And $54,000
Highest paying City	New York, NY	White Plains, NY
Highest paying state	New York	New York
Best paying company	Apollo Global Management	Systemax
Best paying industry	Finance	Construction

Differences between credit analyst and credit representative education

There are a few differences between a credit analyst and a credit representative in terms of educational background:

	Credit Analyst	Credit Representative
Most common degree	Bachelor's Degree, 65%	Bachelor's Degree, 47%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Credit analyst vs credit representative demographics

Here are the differences between credit analysts' and credit representatives' demographics:

	Credit Analyst	Credit Representative
Average age	39	39
Gender ratio	Male, 44.2% Female, 55.8%	Male, 29.5% Female, 70.5%
Race ratio	Black or African American, 7.7% Unknown, 2.6% Hispanic or Latino, 9.5% Asian, 10.5% White, 69.4% American Indian and Alaska Native, 0.3%	Black or African American, 8.3% Unknown, 2.7% Hispanic or Latino, 10.0% Asian, 7.8% White, 71.0% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between credit analyst and credit representative duties and responsibilities

Credit analyst example responsibilities.

Provide treasury with funding requirements to maximize LIBOR rate advantage.
Manage a team to help facilitate efficient loan origination, underwriting and closing.
Lead a presentation to the FHA quantitative team by using multiple data visualization techniques.
Manage A/R transactions, prepare weekly account reconciliation's, perform research/ adjustments on A/P and A/R discrepancy accounts.
Utilize data manipulation and quantitative analysis using VBA macros, SQL and advance excel knowledge to manage credit risk exposure.
Manage accounting operations, accounting close, account reporting and reconciliations.

Credit representative example responsibilities.

Manage portfolio utilizing AS400 and GetPaid systems.
Manage all credit files and process credit reports from various credit reporting sources including TRW and Dunn & Bradstreet.
Manage customer relations with internal personnel, group administrators, brokers and members as related to Medicare insurance.
Apply customer credit card and ACH payments.
Perform the posting of checks refunds and credit cards into the AS400 database.
Collect invoices through wire payment, ACH payments, and overnight mail options.

Credit analyst vs credit representative skills

Common credit analyst skills

Customer Service, 12%
Credit Analysis, 7%
Customer Accounts, 4%
Real Estate, 4%
Credit Risk, 4%
Strong Analytical, 4%

Common credit representative skills

Customer Service, 22%
Customer Accounts, 6%
Patients, 5%
Credit Card Payments, 4%
Credit Balances, 4%
Payment Arrangements, 4%

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Credit Analyst vs Credit Representative

Updated January 8, 2025

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