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Salary and Benefits

Credit Assistant
$36K-$45K / yr. (est.)
$37K
$41,091 / year
$45K
Average base salary
The salary information provided is based on data collected from various reliable sources and may vary depending on individual qualifications and other factors.

About Credit Assistant

What does a Credit Assistant do?

As credit assistants, we perform credit reviews and credit checks. We perform credit requests for the customers. Also, we are responsible for processing the credit applications. We create the credit line and develop the limits. Our duties also include resolving the clients issues with accounts. We record and enter the clients’ data into the database. As credit assistants, we are responsible for answering the credit inquiries of the clients. We interact with vendors and clients on a regular basis. We use the computer systems for proper information handling. We analyze the financial statements of the clients and assess the changed credit requests. Some of us also offer recommendations for credit accounts.

Core tasks:

  • preparing the recommendations and analysis reports
  • keeping up to date with the lending protocols of organization
  • developing the spreadsheet for supporting the credit applications’ analysis

Insights

How Many Years of Experience Do Professionals Need Before Becoming Credit Assistant?
On average, people work 3-5 years in other positions prior to becoming a Credit Assistant.
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Loan UnderwriterMiami, FL - 9 months ago
🙄 I don't buy this! Being a Loan Underwriter should already be enough experience to become a Credit Assistant!
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Accounting ClerkDallas, TX - 9 months ago
This statistic raises some questions. Are the 3-5 years in unrelated positions necessary, or can it be within the same field?
How Long Do Credit Assistant Employees Typically Stay in Their Roles?
On average, Credit Assistants works in this position for 3-5 years across multiple employers.
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Bank TellerChicago, IL - 9 months ago
Honestly, who needs a Credit Assistant when you have us Bank Tellers doing the real work? No offense, but they just slow down the process!
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AccountantMiami, FL - 9 months ago
I've worked with Credit Assistants before, and they play a vital role in maintaining accurate financial records. Don't underestimate their expertise 🤷.
What Is the Job Hopper Score for Credit Assistant Employees?
Steady employment history in Credit Assistant, with a tendency to stay with one company for extended periods of time.
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Bank ManagerHouston, TX - 9 months ago
Honestly, being a Credit Assistant is not a desirable position for ambitious professionals. 🙄
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HR CoordinatorMiami, FL - 9 months ago
Is the limited growth potential in this field or industry? If so, I can see why people are frustrated. 😡

Career path

Path to job

Discover a Credit Assistant's areas of knowledge sorted by their majors.
Explore the list of higher education institutions that a Credit Assistant typically studied at.
College of DuPage
Pace University

Path after job

Community

Demographics

What Is the Age and Gender Ratio of Credit Assistant Employees?
Gender ratio in Credit Assistant position: 0.317380352644836 Male and 0.682619647355164 Female. Age ratio in Credit Assistant position: 16-20: 18%, 21-30: 63%, 31-40: 13%, 41-50: 4%, 51-60: 2%, 60+: 0%. Credit Assistant position is predominantly female (68.3%) with the largest age group being 21-30 years old, followed by 16-20 years old.
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Credit AssistantAtlanta, GA - 9 months ago
no wonder I haven't seen many older folks in my career... it's all just young women! 😱
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Credit AssistantMiami, FL - 9 months ago
wow, this is proof of gender imbalance in the industry, Miami needs to address this pronto! 😠

Workplaces

Who Are the Top Employers for Credit Assistant?
Top employers of Credit Assistant position: 21st Mortgage Corporation, Ferguson Enterprises, First Niagara Bank. People who work in Credit Assistant position most typically go on to work for the 21st Mortgage Corporation.
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Credit AssistantMiami, FL - 9 months ago
Haven't worked for them directly, but heard good things about 21st Mortgage Corporation from my colleagues in the field!
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Credit AssistantSeattle, WA - 9 months ago
I can't believe there aren't any tech companies on this list. Do Credit Assistants only exist in the financial industry? 😕
21st Mortgage Corporation
Ferguson Enterprises
First Niagara Bank
What Industries Does Credit Assistant Typically Have Experience In?
Industry Background: The most typical industries of Credit Assistant: Finance & Insurance, Manufacturing, Retail, Wholesale, Construction. Credit Assistant employees most likely come from a Finance & Insurance industry background.
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Credit AssistantMiami, FL - 9 months ago
Just because we handle basic tasks like credit assessment doesn't mean we lack skills! 💪 Understanding financial ratios, conducting research, and maintaining accuracy are vital to our role as Credit Assistants.
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Credit AssistantNew York City, NY - 9 months ago
I can confidently say, as a Credit Assistant, multitasking is our superpower! 🦸 Dealing with multiple clients, investigating creditworthiness, and navigating various credit software all at once.

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Discussion about Credit Assistant

Want to know more about Credit Assistant position?
Share your thoughts and ideas about Credit Assistant position with others in our community.
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How is the gender diversity among people working as a Credit Assistant?
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Sophie Hayes3 years ago
70% are women in this profession.
How old are people who work as a Credit Assistant?
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Liam Brown3 years ago
The typical age is 26.
How much experience is typically required to work as a Credit Assistant?
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Isabella Holmes3 years ago
You probably need around 4 years to work as a Credit Assistant
Which industries are highly likely to employ a Credit Assistant?
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Sophie Hayes3 years ago
Wholesale is the most probable for a Credit Assistant to work in.
What kind of degree is needed to work as a Credit Assistant?
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Liam Brown3 years ago
Most people have No higher education
Which company are you working for as a Credit Assistant?
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Benjamin Gardner3 years ago
21st Mortgage Corporation, Ferguson Enterprises, First Niagara Bank, H&E Equipment Services and Key Bank employs the most people in the Credit Assistant role.
How long do people usually work as a Credit Assistant when they switch to another position?
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Liam Brown3 years ago
You should work for 4 years before considering changing to another role.
How likely is it for people working as a Credit Assistant to switch companies still working as a Credit Assistant?
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Benjamin Gardner3 years ago
As a Credit Assistant you’ll probably work for the same company for many years.
What work history do people usually have before becoming a Credit Assistant?
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Sophie Hayes3 years ago
Most people come from Customer Service Representative or Administrative Assistant roles
Working as a Credit Assistant what job titles should I consider to switch to?
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Liam Brown3 years ago
Credit Analyst, Administrative Assistant or Credit Manager are good next steps for a Credit Assistant
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