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Credit products officer vs senior credit analyst

The differences between credit products officers and senior credit analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a credit products officer, becoming a senior credit analyst takes usually requires 1-2 years. Additionally, a credit products officer has an average salary of $99,608, which is higher than the $86,364 average annual salary of a senior credit analyst.

The top three skills for a credit products officer include credit analysis, financial statements and credit quality. The most important skills for a senior credit analyst are credit analysis, customer service, and real estate.

Credit products officer vs senior credit analyst overview

Credit Products OfficerSenior Credit Analyst
Yearly salary$99,608$86,364
Hourly rate$47.89$41.52
Growth rate4%17%
Number of jobs62,62815,221
Job satisfaction--
Most common degreeBachelor's Degree, 68%Bachelor's Degree, 71%
Average age4539
Years of experience62

Credit products officer vs senior credit analyst salary

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

Credit Products OfficerSenior Credit Analyst
Average salary$99,608$86,364
Salary rangeBetween $58,000 And $170,000Between $59,000 And $125,000
Highest paying City-White Plains, NY
Highest paying state-New York
Best paying company-Apple
Best paying industry-Finance

Differences between credit products officer and senior credit analyst education

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

Credit Products OfficerSenior Credit Analyst
Most common degreeBachelor's Degree, 68%Bachelor's Degree, 71%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Credit products officer vs senior credit analyst demographics

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

Credit Products OfficerSenior Credit Analyst
Average age4539
Gender ratioMale, 48.8% Female, 51.2%Male, 54.6% Female, 45.4%
Race ratioBlack or African American, 9.2% Unknown, 4.6% Hispanic or Latino, 16.0% Asian, 6.4% White, 63.2% American Indian and Alaska Native, 0.5%Black or African American, 8.3% Unknown, 2.7% Hispanic or Latino, 9.9% Asian, 10.0% White, 68.8% American Indian and Alaska Native, 0.3%
LGBT Percentage8%11%

Differences between credit products officer and senior credit analyst duties and responsibilities

Credit products officer example responsibilities.

  • Partner with small and entrepreneurial business to develop business plans and assist business owners with achieving payroll.
  • Partner with small and entrepreneurial business to develop business plans and assist business owners with achieving payroll.
  • Implement SOX compliance for all AR audit functions.
  • Develop and implement credit and collection polices and controls for Sarbanes-Oxley compliance for the entire corporation and publish across all divisions.

Senior credit analyst example responsibilities.

  • Supervise staff of 20-30 credit professionals managing an $80 - $100 million A/R portfolio consistently exceeding aging goals.
  • Partner with small and entrepreneurial business to develop business plans and assist business owners with achieving payroll.
  • Maintain customer master database in ERP.
  • Pull all back-up documentation for quarterly SOX compliance audit.
  • Ensure policies and procedures are follow in accordance with SOX guidelines.
  • Resolve and communicate insufficient check and ACH issues with customers and sales.
  • Show more

Credit products officer vs senior credit analyst skills

Common credit products officer skills
  • Credit Analysis, 29%
  • Financial Statements, 20%
  • Credit Quality, 20%
  • Portfolio Management, 15%
  • Credit Approval, 4%
  • Financial Analysis, 4%
Common senior credit analyst skills
  • Credit Analysis, 6%
  • Customer Service, 6%
  • Real Estate, 6%
  • Risk Management, 4%
  • Credit Risk, 4%
  • Loan Portfolio, 4%

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