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The differences between credit assistants and senior fraud analysts 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 assistant and a senior fraud analyst. Additionally, a senior fraud analyst has an average salary of $91,428, which is higher than the $33,741 average annual salary of a credit assistant.
The top three skills for a credit assistant include data entry, financial statements and customer service. The most important skills for a senior fraud analyst are SQL, fraud risk, and fraud prevention.
| Credit Assistant | Senior Fraud Analyst | |
| Yearly salary | $33,741 | $91,428 |
| Hourly rate | $16.22 | $43.96 |
| Growth rate | -5% | 3% |
| Number of jobs | 5,294 | 13,411 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 57% |
| Average age | 39 | 39 |
| Years of experience | 2 | 2 |
A credit assistant is responsible for processing credit requests and assisting customers. They usually answer inquiries, explain procedures, provide instructions, and deal with customer concerns. In some companies, a credit assistant is also in charge of providing support to managers, supervisors, or investigators by preparing and processing documents, handling calls and correspondence, arranging appointments, and coordinating with different departments. They may also participate in training new employees.
A Senior Fraud Analyst performs extensive research and analyses to detect suspicious transactions and determine fraudulent activities in financial institutions or business establishments. Their responsibilities typically revolve around monitoring financial transactions and documents, gathering and analyzing various data, conducting account assessments, validating information, and thoroughly reviewing documents. There are also instances where they must set objectives, establish guidelines, produce progress reports, and resolve issues promptly and efficiently. Moreover, as a senior fraud analyst, it is essential to lead and serve as a role model for junior fraud analysts, overseeing their performance while implementing company policies and regulations.
Credit assistants and senior fraud analysts have different pay scales, as shown below.
| Credit Assistant | Senior Fraud Analyst | |
| Average salary | $33,741 | $91,428 |
| Salary range | Between $26,000 And $43,000 | Between $69,000 And $120,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | New York |
| Best paying company | Carter Lumber | SoFi |
| Best paying industry | Finance | Start-up |
There are a few differences between a credit assistant and a senior fraud analyst in terms of educational background:
| Credit Assistant | Senior Fraud Analyst | |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 57% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between credit assistants' and senior fraud analysts' demographics:
| Credit Assistant | Senior Fraud Analyst | |
| Average age | 39 | 39 |
| Gender ratio | Male, 20.4% Female, 79.6% | Male, 43.5% Female, 56.5% |
| Race ratio | Black or African American, 7.9% Unknown, 2.7% Hispanic or Latino, 9.7% Asian, 10.7% White, 68.7% American Indian and Alaska Native, 0.3% | Black or African American, 8.2% Unknown, 2.7% Hispanic or Latino, 9.8% Asian, 10.0% White, 69.0% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |