Career and Education Opportunities for Credit Analysts in Gresham, Oregon
Credit analysts can find many career and educational opportunities in the Gresham, Oregon area. There are currently 640 jobs for credit analysts in Oregon and this is projected to grow 14% to 720 jobs 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. 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.
The income of a credit analyst is about $25 hourly or $53,630 per year on average in Oregon. In the U.S. as a whole, their income is about $26 per hour or $55,250 yearly on average. Incomes for credit analysts are not quite as good as in the overall category of Accounting and Auditing in Oregon, and not quite as good as the overall Accounting and Auditing category nationally. People working as credit analysts can fill a number of jobs, such as: credit assessment analyst, credit representative, and credit negotiator.
There are forty-six schools of higher education in the Gresham area, including seven within twenty-five miles of Gresham where you can get a degree to start your career as a credit analyst. Credit analysts usually hold a Bachelor's degree, so you can expect to spend about four years studying to be a credit analyst if you already have a high school diploma.
CAREER DESCRIPTION: Credit Analyst
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 Gresham 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
University of Portland - Portland, OR
University of Portland, 5000 N Willamette Blvd, Portland, OR 97203-5798. University of Portland is a small university located in Portland, Oregon. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,666 students and an admission rate of 79%. University of Portland has 2 areas of study related to Credit Analyst. They are:
- Accounting, bachelor's degree which graduated 5 students in 2008.
- Finance, bachelor's degree which graduated 7 students in 2008.
Everest College-Vancouver - Vancouver, WA
Everest College-Vancouver, 120 NE 136th Ave Ste 130, Vancouver, WA 98684-6950. Everest College-Vancouver is a small college located in Vancouver, Washington. It is a private for-profit school with primarily 2-year programs. It has 444 students and an admission rate of 61%. Everest College-Vancouver has a less than one year and an associate's degree program in Accounting which graduated six and five students respectively in 2008.
Portland State University - Portland, OR
Portland State University, 724 SW Harrison, Portland, OR 97201. Portland State University is a large university located in Portland, Oregon. It is a public school with primarily 4-year or above programs. It has 25,959 students and an admission rate of 80%. Portland State University has 2 areas of study related to Credit Analyst. They are:
- Accounting, bachelor's degree and postbaccalaureate certificate which graduated two and fifty-three students respectively in 2008.
- Finance, bachelor's degree and master's degree which graduated eight and fifty-four students respectively in 2008.
University of Phoenix-Oregon Campus - Tigard, OR
University of Phoenix-Oregon Campus, 13221 SW 68th Parkway, Suite 500, Tigard, OR 97223-8368. University of Phoenix-Oregon Campus is a small university located in Tigard, Oregon. It is a private for-profit school with primarily 4-year or above programs and has 1,065 students. University of Phoenix-Oregon Campus has 2 areas of study related to Credit Analyst. They are:
- Accounting, bachelor's degree which graduated 15 students in 2008.
- Finance, bachelor's degree which graduated 1 student in 2008.
Portland Community College - Portland, OR
Portland Community College, 12000 SW 49th Avenue, Portland, OR 97219-7132. Portland Community College is a large college located in Portland, Oregon. It is a public school with primarily 2-year programs and has 26,657 students. Portland Community College has a less than one year and a one to two year program in Accounting which graduated four and fourteen students respectively in 2008.
Clackamas Community College - Oregon City, OR
Clackamas Community College, 19600 Molalla Ave, Oregon City, OR 97045-8980. Clackamas Community College is a medium sized college located in Oregon City, Oregon. It is a public school with primarily 2-year programs and has 6,701 students. Clackamas Community College has an associate's degree program in Accounting which graduated five students in 2008.
Pioneer Pacific College - Wilsonville, OR
Pioneer Pacific College, 27501 SW Parkway Ave, Wilsonville, OR 97070-9296. Pioneer Pacific College is a small college located in Wilsonville, Oregon. It is a private for-profit school with primarily 4-year or above programs and has 1,123 students. Pioneer Pacific College has a one to two year and an associate's degree program in Accounting which graduated zero and thirty-one students respectively in 2008.
LOCATION INFORMATION: Gresham, Oregon
Gresham is situated in Multnomah County, Oregon. It has a population of over 101,221, which has grown by 12.2% over the last ten years. The cost of living index in Gresham, 100, is near the national average. New single-family homes in Gresham cost $219,200 on average, which is above the state average. In 2008, one hundred three new homes were built in Gresham, down from three hundred five the previous year.
The top three industries for women in Gresham are health care, accommodation and food services, and educational services. For men, it is construction, accommodation and food services, and administrative and support and waste management services. The average travel time to work is about 27 minutes. More than 18.4% of Gresham residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 4.9%, is lower than the state average.
The unemployment rate in Gresham is 10.8%, which is greater than Oregon's average of 10.6%.
The percentage of Gresham residents that are affiliated with a religious congregation, 45.7%, is less than the national average but more than the state average. The largest religious groups are the Catholic Church, the Presbyterian Church (USA) and the Charismatic Churches Independent.
Gresham is home to the Linnemann and the Ruby Junction Maintenance Facility-Portland Light Rail System as well as Kane City Park and Davis City Park. Visitors to Gresham can choose from Best Western, Gresham Suites and Shilo Inn-Gresham for temporary stays in the area.