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Career and Education Opportunities for Credit Analysts in Jacksonville, Florida

For those living in the Jacksonville, Florida area, there are many career and education opportunities for credit analysts. There are currently 3,000 working credit analysts in Florida; this should grow 16% to 3,470 working credit analysts in the state by 2016. This is better than the national trend for credit analysts, which sees this job pool growing by about 15.0% over the next eight years. 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.

Credit analysts earn approximately $25 hourly or $52,960 yearly on average in Florida. Nationally they average about $26 per hour or $55,250 per year. Compared with people working in the overall category of Accounting and Auditing, people working as credit analysts in Florida earn more. They earn less than people working in the overall category of Accounting and Auditing nationally. Jobs in this field include: credit administrator, financing analyst, and credit representative.

The Jacksonville area is home to thirty-three schools of higher education, including nine within twenty-five miles of Jacksonville where you can get a degree 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 Jacksonville 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.
  • Assessor. Appraise real and personal property to determine its fair value. May assess taxes in accordance with prescribed schedules.
  • 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.
  • Loan Counselor. Provide guidance to prospective loan applicants who have problems qualifying for traditional loans. Guidance may include determining the best type of loan and explaining loan requirements or restrictions.
  • Loan Officer. Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and methods of payments. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, and loan underwriters.
  • Personal Financial Planner. Advise clients on financial plans utilizing knowledge of tax and investment strategies, securities, and real estate. Duties include assessing clients' assets, liabilities, and financial objectives to establish investment strategies.
  • Real Estate Appraiser. Appraise real property to determine its value for purchase, sales, or loan purposes.
  • Tax Examiner. Determine tax liability or collect taxes from individuals or business firms according to prescribed laws and regulations.

EDUCATIONAL OPPORTUNITIES: Credit Analyst Training

Saint Johns River Community College - Palatka, FL

Saint Johns River Community College, 5001 Saint Johns Ave, Palatka, FL 32177. Saint Johns River Community College is a medium sized college located in Palatka, Florida. It is a public school with primarily 2-year programs and has 6,354 students. Saint Johns River Community College has an associate's degree program in Finance which graduated three students in 2008.

Bradford-Union Area Career Technical Center - Starke, FL

Bradford-Union Area Career Technical Center, 609 N Orange St, Starke, FL 32091. Bradford-Union Area Career Technical Center is a small school located in Starke, Florida. It is a public school with primarily less-than 2-year programs and has 108 students. Bradford-Union Area Career Technical Center has a one to two year program in Accounting.

Florida Community College at Jacksonville - Jacksonville, FL

Florida Community College at Jacksonville, 501 W State St, Jacksonville, FL 32202. Florida Community College at Jacksonville is a large college located in Jacksonville, Florida. It is a public school with primarily 4-year or above programs and has 25,686 students. Florida Community College at Jacksonville has a less than one year and an associate's degree program in Finance which graduated eight and five students respectively in 2008.

Jacksonville University - Jacksonville, FL

Jacksonville University, 2800 University Blvd N, Jacksonville, FL 32211-3394. Jacksonville University is a small university located in Jacksonville, Florida. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,418 students and an admission rate of 64%. Jacksonville University has 2 areas of study related to Credit Analyst. They are:

  • Accounting, bachelor's degree which graduated 11 students in 2008.
  • Finance, bachelor's degree.

University of Phoenix-North Florida Campus - Jacksonville, FL

University of Phoenix-North Florida Campus, 4500 Salisbury Road North, Ste., 200, Jacksonville, FL 32216-0959. University of Phoenix-North Florida Campus is a small university located in Jacksonville, Florida. It is a private for-profit school with primarily 4-year or above programs and has 1,126 students. University of Phoenix-North Florida Campus has a bachelor's degree program in Accounting which graduated ten students in 2008.

University of North Florida - Jacksonville, FL

University of North Florida, 1 UNF Drive, Jacksonville, FL 32224-2645. University of North Florida is a large university located in Jacksonville, Florida. It is a public school with primarily 4-year or above programs. It has 14,982 students and an admission rate of 48%. University of North Florida has 2 areas of study related to Credit Analyst. They are:

  • Accounting, bachelor's degree and master's degree which graduated one and thirty-seven students respectively in 2008.
  • Finance, bachelor's degree which graduated 6 students in 2008.

Flagler College - Saint Augustine, FL

Flagler College, 74 King Street, Saint Augustine, FL 32084. Flagler College is a small college located in Saint Augustine, Florida. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,540 students and an admission rate of 45%. Flagler College has a bachelor's degree program in Accounting.

University of Florida - Gainesville, FL

University of Florida, 355 Tigert Hall, Gainesville, FL 32611-3115. University of Florida is a large university located in Gainesville, Florida. It is a public school with primarily 4-year or above programs. It has 51,475 students and an admission rate of 41%. University of Florida has 2 areas of study related to Credit Analyst. They are:

  • Accounting, bachelor's degree and master's degree which graduated 161 and ninety-eight students respectively in 2008.
  • Finance, bachelor's degree and master's degree which graduated 407 and thirty-six students respectively in 2008.

Everest University-Jacksonville - Jacksonville, FL

Everest University-Jacksonville, 8226 Phillips Hwy, Jacksonville, FL 32256-1240. Everest University-Jacksonville is a small university located in Jacksonville, Florida. It is a private for-profit school with primarily 4-year or above programs. It has 438 students and an admission rate of 75%. Everest University-Jacksonville has an associate's degree and a bachelor's degree program in Accounting which graduated six and four students respectively in 2008.

LOCATION INFORMATION: Jacksonville, Florida

Jacksonville, Florida
Jacksonville, Florida photo by Digon3

Jacksonville is located in Duval County, Florida. It has a population of over 807,815, which has grown by 9.8% over the last ten years. The cost of living index in Jacksonville, 84, is well below the national average. New single-family homes in Jacksonville are valued at $173,500 on average, which is far less than the state average. In 2008, 2,592 new homes were built in Jacksonville, down from 3,449 the previous year.

The three most popular industries for women in Jacksonville are health care, finance and insurance, and educational services. For men, it is construction, finance and insurance, and accommodation and food services. The average commute to work is about 25 minutes. More than 21.1% of Jacksonville residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 6.5%, is lower than the state average.

The unemployment rate in Jacksonville is 10.9%, which is less than Florida's average of 11.3%.

The percentage of Jacksonville residents that are affiliated with a religious congregation, 44.2%, is less than the national average but more than the state average. Church of God-West Jacksonville, Church of Good Shepherd and Church of Our Savior are among the churches located in Jacksonville. The largest religious groups are the Southern Baptist Convention, the Catholic Church and the United Methodist Church.

Jacksonville is home to the Pearl Plaza and the Lane Center as well as Memorial Park and James Park. Shopping centers in the area include 5 Points West Shopping Center, Lone Star Road Shopping Center and Normandy Mall. Visitors to Jacksonville can choose from Civista Inn, Best Western Baldwin Inn and City Center Motel for temporary stays in the area.