Senior credit analyst vs commercial underwriter

The differences between senior credit analysts and commercial underwriters can be seen in a few details. Each job has different responsibilities and duties. Additionally, a senior credit analyst has an average salary of $86,364, which is higher than the $59,051 average annual salary of a commercial underwriter.

The top three skills for a senior credit analyst include credit analysis, customer service and real estate. The most important skills for a commercial underwriter are real estate, customer service, and financial analysis.

Senior credit analyst vs commercial underwriter overview

	Senior Credit Analyst	Commercial Underwriter
Yearly salary	$86,364	$59,051
Hourly rate	$41.52	$28.39
Growth rate	17%	-4%
Number of jobs	15,221	31,908
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 71%	Bachelor's Degree, 75%
Average age	39	44
Years of experience	2	-

What does a senior credit analyst do?

A senior credit analyst is responsible for reviewing the loan applications of an individual and organization, determining their eligibility by evaluating their credit scores and financial history. Senior credit analysts assess the applicant's capability to pay according to terms and conditions and loan payment plans. They submit recommendation reports of qualified applicants for further investigation and have them submit additional documents as needed. A senior credit analyst decides on credit limits and may provide the applicants' loan and credit alternatives, requiring them to have excellent knowledge of the financial industry and loan options.

What does a commercial underwriter do?

A commercial underwriter is responsible for processing commercial loan applications, evaluating payment agreements and terms of service, validating customers' information, and requesting additional documents as needed. Commercial underwriters analyze the credit qualifications of an applicant, including financial history, account statements, and outstanding loan applications, if any. They identify potential credit risks for the loan request and advice the applicants for alternative loan options according to their needs and qualifications. A commercial underwriter responds to the applicants' inquiries and concerns regarding their loan applications and provides timely decisions for their requests.

Senior credit analyst vs commercial underwriter salary

Senior credit analysts and commercial underwriters have different pay scales, as shown below.

	Senior Credit Analyst	Commercial Underwriter
Average salary	$86,364	$59,051
Salary range	Between $59,000 And $125,000	Between $41,000 And $84,000
Highest paying City	White Plains, NY	Olympia, WA
Highest paying state	New York	Washington
Best paying company	Apple	J.P. Morgan
Best paying industry	Finance	Finance

Differences between senior credit analyst and commercial underwriter education

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

	Senior Credit Analyst	Commercial Underwriter
Most common degree	Bachelor's Degree, 71%	Bachelor's Degree, 75%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Senior credit analyst vs commercial underwriter demographics

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

	Senior Credit Analyst	Commercial Underwriter
Average age	39	44
Gender ratio	Male, 54.6% Female, 45.4%	Male, 48.7% Female, 51.3%
Race ratio	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%	Black or African American, 9.9% Unknown, 2.5% Hispanic or Latino, 9.3% Asian, 5.5% White, 72.4% American Indian and Alaska Native, 0.4%
LGBT Percentage	11%	9%

Differences between senior credit analyst and commercial underwriter duties and responsibilities

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.

Commercial underwriter example responsibilities.

Handle new and renewal multi-line policies.
Quoted new business and handle multi-line commercial accounts for this retailer.
Front office administration; maintain A/R and A/P for 1000+ commercial lines clients and 2000+ personal lines clients.
Market banking services to individuals, as well as to small businesses and corporations through networking and cross-selling.
Update loan origination systems to ensure that pipeline reports reflect the most current status for active loan in process.
Work along with the owner and accounting staff on all financial matters, A/R, A/P, payroll, and taxes.

Senior credit analyst vs commercial underwriter skills

Common senior credit analyst skills

Credit Analysis, 6%
Customer Service, 6%
Real Estate, 6%
Risk Management, 4%
Credit Risk, 4%
Loan Portfolio, 4%

Common commercial underwriter skills

Real Estate, 10%
Customer Service, 8%
Financial Analysis, 8%
Credit Analysis, 6%
Cash Flow, 4%
Risk Management, 4%

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Senior Credit Analyst vs Commercial Underwriter

Updated January 8, 2025

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