Senior fraud analyst vs credit representative

The differences between senior fraud analysts and credit representatives can be seen in a few details. Each job has different responsibilities and duties. It typically takes 1-2 years to become both a senior fraud analyst and a credit representative. Additionally, a senior fraud analyst has an average salary of $91,428, which is higher than the $39,268 average annual salary of a credit representative.

The top three skills for a senior fraud analyst include SQL, fraud risk and fraud prevention. The most important skills for a credit representative are customer service, customer accounts, and patients.

Senior fraud analyst vs credit representative overview

	Senior Fraud Analyst	Credit Representative
Yearly salary	$91,428	$39,268
Hourly rate	$43.96	$18.88
Growth rate	3%	-8%
Number of jobs	13,411	73,520
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 57%	Bachelor's Degree, 47%
Average age	39	39
Years of experience	2	2

What does a senior fraud analyst do?

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.

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.

Senior fraud analyst vs credit representative salary

Senior fraud analysts and credit representatives have different pay scales, as shown below.

	Senior Fraud Analyst	Credit Representative
Average salary	$91,428	$39,268
Salary range	Between $69,000 And $120,000	Between $28,000 And $54,000
Highest paying City	San Francisco, CA	White Plains, NY
Highest paying state	New York	New York
Best paying company	SoFi	Systemax
Best paying industry	Start-up	Construction

Differences between senior fraud analyst and credit representative education

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

	Senior Fraud Analyst	Credit Representative
Most common degree	Bachelor's Degree, 57%	Bachelor's Degree, 47%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Senior fraud analyst vs credit representative demographics

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

	Senior Fraud Analyst	Credit Representative
Average age	39	39
Gender ratio	Male, 43.5% Female, 56.5%	Male, 29.5% Female, 70.5%
Race ratio	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%	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%
LGBT Percentage	11%	11%

Differences between senior fraud analyst and credit representative duties and responsibilities

Senior fraud analyst example responsibilities.

Manage reporting, investigating identity thefts, identifying account take over and AML, conducting compliance audits and account closures as needed
Assist domestic and international teams with SQL queries, bug resolutions and foreign language support.
Follow OFAC procedures and regulations on application that trigger a match on the SDN list.
Conduct internal and external evaluations with information and corporate security via SQL queries.
Organize and maintain investigative files and document control of files and exhibits for investigations and litigation.
Maintain the credit team SharePoint site with the updated project flowcharts, business requirement documents, fictional specification documents and presentations.

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.

Senior fraud analyst vs credit representative skills

Common senior fraud analyst skills

SQL, 12%
Fraud Risk, 8%
Fraud Prevention, 7%
Strong Analytical, 6%
Fraud Losses, 5%
Outbound Calls, 5%

Common credit representative skills

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

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Senior Fraud Analyst
Senior Fraud Analyst vs Credit Representative

Updated January 8, 2025

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