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Career and Education Opportunities for Credit Analysts in Fort Collins, Colorado

Credit analysts can find both educational opportunities and jobs in the Fort Collins, Colorado area. There are currently 1,230 working credit analysts in Colorado; this should grow by 5% to about 1,290 working credit analysts in the state by 2016. This is not quite as good as the national trend for credit analysts, which sees this job pool growing by about 15.0% over the next eight years. Credit analysts generally analyze current credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money.

Credit analysts earn about $32 hourly or $68,430 annually on average in Colorado and about $26 hourly or $55,250 per year on average nationally. Compared with people working in the overall category of Accounting and Auditing, people working as credit analysts in Colorado earn more. They earn less than people working in the overall category of Accounting and Auditing nationally. People working as credit analysts can fill a number of jobs, such as: escrow representative, financing analyst, and credit specialist.

There are eleven schools of higher education in the Fort Collins area, including one within twenty-five miles of Fort Collins where you can get a degree to start your career as a credit analyst. Given that the most common education level for credit analysts is a Bachelor's degree, you can expect to spend about four years training to become a credit analyst if you already have a high school diploma.

CAREER DESCRIPTION: Credit Analyst

Credit Analyst video from the State of New Jersey Dept. of Labor and Workforce Development

In general, credit analysts analyze current credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. They also prepare reports with this credit information for use in decision-making.

Credit analysts analyze credit data and financial statements to establish the degree of risk involved in extending credit or lending money. They also compare liquidity and credit histories of establishments being evaluated with those of similar establishments in the same industries and geographic locations. Finally, credit analysts talk with credit associations and other business representatives to exchange credit data.

Every day, credit analysts are expected to be able to think through problems and come up with general rules. They need to articulate ideas and problems. It is also important that they deal with basic arithmetic problems.

It is important for credit analysts to generate financial ratios, using computer programs, to review customers' financial status. They are often called upon to confer with customers to deal with complaints and verify financial and credit transactions. They also ready reports that include the degree of risk involved in extending credit or lending money. They are sometimes expected to inspect individual or commercial customer files to pinpoint and decide on delinquent accounts for collection. Somewhat less frequently, credit analysts are also expected to analyze financial data such as income growth, quality of management, and market share to establish expected profitability of loans.

They also have to be able to analyze financial data such as income growth, quality of management, and market share to establish expected profitability of loans and evaluate customer records and recommend payment plans on the basis of earnings and purchase activity. And finally, they sometimes have to analyze credit data and financial statements to establish the degree of risk involved in extending credit or lending money.

Like many other jobs, credit analysts must have exceptional integrity and be thorough and dependable.

Similar jobs with educational opportunities in Fort Collins include:

  • Accountant. Analyze financial information and prepare financial reports to determine or maintain records of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization.
  • Auditor. Examine and analyze accounting records to determine financial status of establishment and prepare financial reports concerning operating procedures.
  • Budget Analyst. Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports for the purpose of maintaining expenditure controls.
  • Cost Analyst. Prepare cost estimates for product manufacturing, construction projects, or services to aid management in bidding on or determining price of product or service. May specialize according to particular service performed or type of product manufactured.
  • Financial Analyst. Conduct quantitative analyses of information affecting investment programs of public or private institutions.
  • Financial Examiner. Enforce or ensure compliance with laws and regulations governing financial and securities institutions and financial and real estate transactions. May examine, verify correctness of, or establish authenticity of records.
  • Income Tax Advisor. Prepare tax returns for individuals or small businesses but do not have the background or responsibilities of an accredited or certified public accountant.
  • Tax Examiner. Determine tax liability or collect taxes from individuals or business firms according to prescribed laws and regulations.

EDUCATIONAL OPPORTUNITIES: Credit Analyst Training

College America-Fort Collins - Fort Collins, CO

College America-Fort Collins, 4601 South Mason St, Fort Collins, CO 80525. College America-Fort Collins is a small college located in Fort Collins, Colorado. It is a private for-profit school with primarily 4-year or above programs and has 210 students. College America-Fort Collins has a bachelor's degree program in Accounting which graduated six students in 2008.

LOCATION INFORMATION: Fort Collins, Colorado

Fort Collins, Colorado
Fort Collins, Colorado photo by Citycommunications

Fort Collins is located in Larimer County, Colorado. It has a population of over 136,509, which has grown by 15.0% in the past ten years. The cost of living index in Fort Collins, 91, is below the national average. New single-family homes in Fort Collins are valued at $216,000 on average, which is below the state average. In 2008, two hundred sixty-seven new homes were built in Fort Collins, down from four hundred eight the previous year.

The three big industries for women in Fort Collins are educational services, health care, and accommodation and food services. For men, it is educational services, construction, and professional, scientific, and technical services. The average travel time to work is about 19 minutes. More than 48.4% of Fort Collins residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 18.4%, is higher than the state average.

The unemployment rate in Fort Collins is 6.3%, which is less than Colorado's average of 6.6%.

The percentage of Fort Collins residents that are affiliated with a religious congregation, 39.3%, is less than the national average but more than the state average. The most common religious groups are the Catholic Church, the Assemblies of God and the LDS (Mormon) Church.

Visitors to Fort Collins can choose from Carousel Properties, AmericInn Motel & Suites Fort Collins and Hampton Inn Ft. Collins for temporary stays in the area.