Credit representative vs commercial credit analyst

The differences between credit representatives and commercial credit 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 representative and a commercial credit analyst. Additionally, a commercial credit analyst has an average salary of $66,482, which is higher than the $39,268 average annual salary of a credit representative.

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

Credit representative vs commercial credit analyst overview

	Credit Representative	Commercial Credit Analyst
Yearly salary	$39,268	$66,482
Hourly rate	$18.88	$31.96
Growth rate	-8%	4%
Number of jobs	73,520	42,862
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 47%	Bachelor's Degree, 80%
Average age	39	39
Years of experience	2	2

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.

What does a commercial credit analyst do?

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.

Credit representative vs commercial credit analyst salary

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

	Credit Representative	Commercial Credit Analyst
Average salary	$39,268	$66,482
Salary range	Between $28,000 And $54,000	Between $46,000 And $94,000
Highest paying City	White Plains, NY	Burlingame, CA
Highest paying state	New York	California
Best paying company	Systemax	HSBC Bank
Best paying industry	Construction	Automotive

Differences between credit representative and commercial credit analyst education

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

	Credit Representative	Commercial Credit Analyst
Most common degree	Bachelor's Degree, 47%	Bachelor's Degree, 80%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Credit representative vs commercial credit analyst demographics

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

	Credit Representative	Commercial Credit Analyst
Average age	39	39
Gender ratio	Male, 29.5% Female, 70.5%	Male, 61.6% Female, 38.4%
Race ratio	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%	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%
LGBT Percentage	11%	11%

Differences between credit representative and commercial credit analyst duties and responsibilities

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.

Commercial credit analyst example responsibilities.

Manage and develop commercial lenders and administrative assistants.
Develop financial profiles, analyze company and customer financial data to improve portfolio strength.
Direct audit review resulting in the successful compliance of RESPA documentation.
Determine loan purpose use for RESPA compliance then recommend restitution when applicable.
Prepare accurate bids and proposals that conform to PPD contract requirements and meet client needs.
Serve as the departments' functional expert responsible for training fellow associates on the company's ERP system.

Credit representative vs commercial credit analyst skills

Common credit representative skills

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

Common commercial credit analyst skills

Credit Analysis, 8%
Customer Service, 7%
Strong Analytical, 6%
Real Estate, 5%
Financial Statements, 5%
Credit Worthiness, 4%

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Credit Representative
Credit Representative vs Commercial Credit Analyst

Updated January 8, 2025

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