Type of Job:

White collar
Generative AI will change white-collar jobs by automating tasks and enhancing productivity. Highly-paid roles may face job shifts, while blue-collar jobs will likely see increased demand and pay.

What Constitutes Artificial intelligence (AI)?

Artificial Intelligence (AI) is a technology that allows systems, whether software or machine-based, to autonomously make predictions, recommendations, or decisions that impact both real and virtual environments without the need for constant human guidance or intervention.

Sources

Author:

Juan D. Montoya

Juan D. Montoya

Economist and AI researcher.

Will Credit Authorizers, Checkers, and Clerks be replaced by AI & Robots?

Credit Authorizers, Checkers, and Clerks risk of being automated:

High

This job is highly likely to be substantially automated within the next 20 years, placing it in the upper quartile for automation probability among occupations.

Current Degree of Automation:

49
(1-100)

Source

Key findings

In the future, GenAI is poised to revolutionize the role of Credit Authorizers, Checkers, and Clerks by automating routine tasks like data entry and regulatory compliance checks.

It will streamline decision-making processes by efficiently summarizing and retrieving information.

GenAI’s ability to generate text and multimedia content can enhance user support and simplify interactions with enterprise systems.

This technology will require professionals in this field to develop skills in critical thinking, complex problem solving, and time management to effectively collaborate with AI systems.

How could AI or automation replace or complement job activities?

Artificial intelligence and automation could potentially replace certain activities of Credit Clerks.

Tasks such as compiling credit information, analyzing data, evaluating credit records, and preparing credit cards could be automated.

For example, AI could efficiently analyze credit histories and generate reports, streamlining the decision-making process for approving new credit.

Job description

Assess credit charges for customers. Review the credit history and standing of individuals or businesses seeking credit. Conduct interviews with applicants to gather personal and financial information, evaluate credit eligibility, handle applications, and inform customers of credit approval or denial.

Consequence of Making Errors

54

(1-100)

Moderately serious Source
In finance, the moderate consequences of errors by credit authorizers don't directly indicate automation potential.

How Repetitive is the Job?

83

(1-100)

Extremely important Source
Jobs like Credit Authorizers, Checkers, and Clerks, which involve repetitive tasks, face a higher risk of automation. However, automation usually targets specific tasks, not entire roles, allowing for new possibilities in the next few years.
Average Anual salary USD$
$46,180
Number of profesionals in USA
32,000

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