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Salary and Benefits

Credit Specialist
$46K-$56K / yr. (est.)
$46K
$51,568 / year
$57K
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 Specialist

What does a Credit Specialist do?

We, the credit specials, perform financial analysis and examination of the client or organization and guarantee the loan approval process. We have to provide support to the sales unit by identifying and increasing the opportunities. Also, we prepare and plan for the credit packages and keep an eye on the current credit accounts. We, the credit specials, are responsible for processing loan applications and making sure that the requirements are met. Assisting in the recovery of bad debts and loans also is our responsibility.

Core tasks:

  • identifying and reporting frauds or any suspicious activities
  • providing support to billing and other relevant departments
  • verifying the clients before making loans to them

Insights

How Many Years of Experience Do Professionals Need Before Becoming Credit Specialist?
On average, people work 5-7 years in other positions prior to becoming a Credit Specialist.
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Collections AgentHouston, TX - 6 months ago
Well, as a Collections Agent, I can tell you that experience matters. You need to understand the industry and be knowledgeable about debt collection laws.
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Financial AnalystSan Francisco, CA - 6 months ago
😡 I can't believe some people think experience doesn't matter. It's the foundation for expertise! Stop undervaluing the importance of years in the field!
How Long Do Credit Specialist Employees Typically Stay in Their Roles?
On average, Credit Specialists works in this position for 3-5 years across multiple employers.
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Loan UnderwriterDallas, TX - 6 months ago
Credit specialists need time to really understand the intricacies of the lending process. 3-5 years is just a starting point.
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Mortgage BrokerMiami, FL - 6 months ago
Knowing that credit specialists need time to build relationships with lenders is essential. Their role is more complex than it seems 🔍
What Is the Job Hopper Score for Credit Specialist Employees?
Moderate job changes in Credit Specialist, showing some career movement without excessive turnover.
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Collections AgentHouston, TX - 6 months ago
This turnover makes it hard for us to build good relationships with the Credit Specialists. 😡
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Credit AnalystMiami, FL - 6 months ago
👎 I can't believe Credit Specialists keep leaving for other jobs. We need more job loyalty and commitment!

Career path

Path to job

Discover a Credit Specialist's areas of knowledge sorted by their majors.
Explore the list of higher education institutions that a Credit Specialist typically studied at.
Eastern Michigan University
San Francisco State University

Path after job

Community

Demographics

What Is the Age and Gender Ratio of Credit Specialist Employees?
Gender ratio in Credit Specialist position: 0.482993197278912 Male and 0.517006802721088 Female. Age ratio in Credit Specialist position: 16-20: 11%, 21-30: 66%, 31-40: 15%, 41-50: 6%, 51-60: 2%, 60+: 0%. Credit Specialist position is predominantly female (51.7%) with the largest age group being 21-30 years old, followed by 31-40 years old.
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Credit SpecialistPhiladelphia, PA - 6 months ago
Is there any data showing pay disparity based on gender in this position? 😡
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Credit SpecialistPhoenix, AZ - 6 months ago
Gender ratio aside, the age distribution is quite surprising. So many young people in this role! 😮

Workplaces

Who Are the Top Employers for Credit Specialist?
Top employers of Credit Specialist position: Citi, Comerica, Ecolab. People who work in Credit Specialist position most typically go on to work for the Citi.
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Credit SpecialistHouston, TX - 6 months ago
Y'all are missing the point! It's not just about the employer, but the growth opportunities and personal achievements you can make in the Credit Specialist field. Stay focused!
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Credit SpecialistMiami, FL - 6 months ago
I totally understand the importance of companies, but let's not forget how crucial networking and building connections can be to get those dream opportunities!
Citi
Comerica
Ecolab
What Industries Does Credit Specialist Typically Have Experience In?
Industry Background: The most typical industries of Credit Specialist: Finance & Insurance, Manufacturing, Retail, Professional / Scientific / Technical, Information Technology. Credit Specialist employees most likely come from a Finance & Insurance industry background.
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Credit SpecialistHouston, TX - 6 months ago
I can't believe some of the comments I'm seeing here. Being a credit specialist is an opportunity to make a real impact on people's lives by helping them manage their debts responsibly 👍
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Credit SpecialistMiami, FL - 6 months ago
I find it interesting that some people here seem to think being a credit specialist is all rainbows and sunshine. It's a tough job that requires attention to detail and a thorough understanding of complex financial systems. 💼

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Discussion about Credit Specialist

Want to know more about Credit Specialist position?
Share your thoughts and ideas about Credit Specialist position with others in our community.
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How balanced is the gender diversity among people working as a Credit Specialist?
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Sophie Hayes3 years ago
50% are women in this profession.
How old are people who work as a Credit Specialist?
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Sophie Hayes3 years ago
People working as a Credit Specialist are 27 old on average.
How many years of experience do you usually have as a Credit Specialist?
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Isabella Holmes3 years ago
On average, people have 6 years of experience when they start working as a Credit Specialist
Which industries are highly likely to employ a Credit Specialist?
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Benjamin Gardner3 years ago
Most typically work in the Finance & Insurance industry.
Is a degree needed to work as a Credit Specialist?
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Liam Brown3 years ago
No higher education could not hurt if you want to be a Credit Specialist
Which company employs the most people in the Credit Specialist role?
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Liam Brown3 years ago
Working as a Credit Specialist it might be a good next step to work for Citi, Comerica, Ecolab, Financial Education Services Inc. and LendingClub
How long do you usually work as a Credit Specialist before changing to another position?
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Sophie Hayes3 years ago
4 years is the typical lifespan for a Credit Specialist.
How likely is it for people working as a Credit Specialist to switch companies still working as a Credit Specialist?
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Isabella Holmes3 years ago
On average a Credit Specialist works for only a few companies.
What do people usually work as before switching to Credit Specialist?
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Benjamin Gardner3 years ago
Most people come from Credit Analyst, Customer Service Representative or Credit Manager roles
What can be the next step in your career path from Credit Specialist?
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Benjamin Gardner3 years ago
Credit Analyst, Credit Manager or Customer Service Representative can be a good next step
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