Credit assessment analyst vs credit officer

The differences between credit assessment analysts and credit officers 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 assessment analyst and a credit officer. Additionally, a credit officer has an average salary of $129,478, which is higher than the $93,073 average annual salary of a credit assessment analyst.

The top three skills for a credit assessment analyst include financial statements, and . The most important skills for a credit officer are risk management, credit risk, and credit analysis.

Credit assessment analyst vs credit officer overview

	Credit Assessment Analyst	Credit Officer
Yearly salary	$93,073	$129,478
Hourly rate	$44.75	$62.25
Growth rate	-	17%
Number of jobs	6,650	60,323
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 76%	Bachelor's Degree, 69%
Average age	39	39
Years of experience	2	2

Credit assessment analyst vs credit officer salary

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

	Credit Assessment Analyst	Credit Officer
Average salary	$93,073	$129,478
Salary range	Between $51,000 And $168,000	Between $85,000 And $196,000
Highest paying City	-	New York, NY
Highest paying state	-	New York
Best paying company	-	Farm Credit System
Best paying industry	-	Finance

Differences between credit assessment analyst and credit officer education

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

	Credit Assessment Analyst	Credit Officer
Most common degree	Bachelor's Degree, 76%	Bachelor's Degree, 69%
Most common major	Business	Business
Most common college	San Diego State University	University of Pennsylvania

Credit assessment analyst vs credit officer demographics

Here are the differences between credit assessment analysts' and credit officers' demographics:

	Credit Assessment Analyst	Credit Officer
Average age	39	39
Gender ratio	Male, 63.2% Female, 36.8%	Male, 64.4% Female, 35.6%
Race ratio	Black or African American, 4.8% Unknown, 2.4% Hispanic or Latino, 7.4% Asian, 8.2% White, 76.9% American Indian and Alaska Native, 0.3%	Black or African American, 8.0% Unknown, 2.7% Hispanic or Latino, 9.7% Asian, 10.7% White, 68.6% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between credit assessment analyst and credit officer duties and responsibilities

Credit assessment analyst example responsibilities.

Utilize data manipulation and quantitative analysis using VBA macros, SQL and advance excel knowledge to manage credit risk exposure.
Reduce risk associate with mortgage-backed securities by providing quality assurance on the servicing and cash-flow reporting of all parties involve.
Reduce risk associate with mortgage-backed securities by providing quality assurance on the servicing and cash-flow reporting of all parties involve.

Credit officer example responsibilities.

Manage credit risk and provide independent oversight of the bank portfolio.
Manage the global function for an ERP software company that has a niche market in manufacturing companies.
Manage SBA construction/tenant improvement projects submit until project is completed.
Partner with small and entrepreneurial business to develop business plans and assist business owners with achieving payroll.
Review clients file for compliance with: CIP, OFAC, HMDA, CRA and red flag activities.
Audit applications for HUD and IHDA compliance.

Credit assessment analyst vs credit officer skills

Common credit assessment analyst skills

Financial Statements, 100%

Common credit officer skills

Risk Management, 10%
Credit Risk, 7%
Credit Analysis, 5%
Real Estate, 4%
Credit Approval, 4%
Portfolio Management, 4%

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Credit Assessment Analyst
Credit Assessment Analyst vs Credit Officer

Updated January 8, 2025

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