Credit Analyst Jobs in Tucson, AZ
Credit analyst jobs in Tucson are few but well paid, with federal data putting the local average near $100,000 a year. Most of the work sits in lending and underwriting teams at banks and credit unions. Current openings are below, followed by pay, education and how analysts move up.
Current Credit Analyst Openings in Tucson, AZ
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Credit Analyst Work in Tucson
Tucson is a small market for this job. Federal wage data counted about 70 credit analysts in the metro in May 2023, so openings come a few at a time and often carry the title underwriter rather than credit analyst. Search both titles, along with consumer lending underwriter and commercial credit underwriter.
The work follows the lenders that make their decisions here. Hughes Federal Credit Union, for example, underwrites consumer loans from its headquarters on East Global Loop. Many Tucson analysts start in a branch or in loan processing and move into underwriting once they know the lender's products and guidelines.
Top Tucson Employers Hiring Credit Analysts
This Tucson employer has posted a credit or underwriting opening on its own careers site:
- Hughes Federal Credit Union - a Tucson-headquartered credit union currently hiring a Consumer Lending Underwriter at its East Global Loop headquarters.
Other lenders post credit and underwriting roles a few at a time. Search all credit analyst jobs in Tucson and underwriter jobs in Tucson to see who is hiring now.
Credit Analyst Salaries in Tucson
- Entry level (junior credit analyst, consumer underwriter): roughly $55,000 to $70,000 per year.
- Experienced (credit analyst, commercial underwriter): roughly $70,000 to $95,000 per year.
- Senior (senior credit analyst, credit manager): roughly $95,000 to $120,000 per year.
These are estimates that vary by employer and experience. Federal data put the Tucson average for credit analysts at about $100,800 a year in May 2023, a figure based on a small number of jobs. Commercial lending generally pays more than consumer underwriting, and a move into credit management raises pay further.
How to Become a Credit Analyst in Tucson
Most credit analyst roles ask for a bachelor's degree in finance, accounting, economics or business. The University of Arizona's Eller College of Management offers a Finance major, minor and certificate plus an MS in Finance, and accounting degrees through its Dhaliwal-Reidy School of Accountancy. Pima Community College's Accounting AAS, taught online and at the Downtown and Northwest campuses, is a starting point for students planning to transfer. Arizona has no license for credit analysts or underwriters; consumer loan underwriting experience is often the entry point for credit union roles.
What the Job Involves
Credit analysts review applications, credit reports, tax returns, financial statements and cash flow, calculate ratios such as debt to income, and recommend whether a loan should be approved and on what terms. Commercial analysts write credit memos for loan committees and monitor existing borrowers; consumer underwriters make faster decisions on auto, personal and card loans within the lender's guidelines.
Skills Employers Look For
- Financial statement and cash flow analysis
- Knowledge of credit reports, ratios and lending guidelines
- Strong Excel and loan origination software skills
- Clear written credit recommendations
- Sound judgment and attention to detail
- Knowledge of lending regulations and compliance
Career Path and Advancement
A typical path runs loan processor or branch banker, then consumer underwriter or junior credit analyst, then commercial credit analyst, senior analyst and credit manager. Some analysts move to the sales side as loan officers or relationship managers, and others into risk management or financial analysis.
Related Careers in Tucson
These Tucson guides cover the closest alternatives for credit analysts:
Frequently Asked Questions
What degree do you need to be a credit analyst in Tucson?
Most employers want a bachelor's degree in finance, accounting, economics or business. The University of Arizona's Eller College of Management is the main local option, and Pima Community College's Accounting AAS can be a first step for students who plan to transfer.
Do credit analysts need a license in Arizona?
No. Arizona does not license credit analysts or loan underwriters. Employers look for analysis skills, lending knowledge and a relevant degree instead.
How much do credit analysts make in Tucson?
Most Tucson credit analysts earn roughly $55,000 to $95,000 a year, with senior analysts and credit managers higher. Federal data put the local average near $100,800 in May 2023, based on a small number of jobs. These are estimates that vary by employer and experience.
Which Tucson employers hire credit analysts?
Hughes Federal Credit Union is currently hiring a Consumer Lending Underwriter in Tucson. Other banks and credit unions post credit and underwriting roles a few at a time, so search both credit analyst and underwriter.
What is the difference between a credit analyst and a loan officer?
A loan officer works with borrowers to originate loans, while a credit analyst or underwriter evaluates the risk and recommends whether to approve them. The two work closely, and some analysts move into lending roles later.
Ready to apply? Browse all credit analyst jobs in Tucson, AZ on TucsonHIRED and apply today.