Job Description

Requisition & Talent Acquisition Consultant Details

REQ 131513 - Twanette Coetser

Closing Date - 15 February 2024

Cluster & Location

Total Business Banking and Retail - Credit Value Management - KZN & EC

Durban, KwaZulu Natal

Career Stream

Credit Management

Leadership Pipeline

Manage Self: Professional

Credit Analyst

Job Purpose

We are looking for an experience Credit Analyst to join our team. In this role you will be required to assess credit risk of existing portfolio so that risk is managed and mitigated in line with the banks credit policy.

We look forward to reviewing your application.

Job Responsibilities

• Assess the credit risk of customers by examining their savings information, debt repayment history, earnings from business or employment, and purchase activities.
• Based on this analysis, provide recommendations to the company regarding credit terms for customers. For instance, you might recommend issuing a credit card to a new customer, rejecting a new application, or adjusting the credit limit for an existing customer.
• Review the financial status of new and existing customers to determine their level of risk.
• Use financial ratios and industry benchmarks to evaluate a borrowers cash flow and ability to repay loans.
• Recommend credit limits for new customers based on the companys lending policies.
• Achieving Targets and Service Level Agreements:
• Utilize management information systems to measure performance and achieve targets.
• Understand client needs and provide timely guidance and recommendations to support service level agreement standards.
• Share knowledge with client service team members and other stakeholders.
• Develop skills within the team to improve external client satisfaction.
• Building Internal Relationships:
• Attend meetings and collaborate with internal stakeholders to support their strategies.
• Monitor reports, including excess reports, within expected timeframes.
• Identify potential risks and take corrective action to ensure risk compliance.
• Measure compliance and identify risks.
• Make recommendations for achieving compliance using current information and available resources.
• Monitor covenants by obtaining the latest financial information and reporting any breaches.
• Sign off on conditions of approval within required timeframes by verifying the necessary information.
• Gather all required information to verify that security measures are in place.
• Keep abreast of legislation and industry changes that impact your role by reading relevant newsletters, websites, and attending sessions.
• Embracing Company Vision and Values:
• Understand and embrace the Nedbank vision.
• Demonstrate the companys values through interactions with your team and stakeholders.
• Personal Development:
• Continuously improve your expertise by identifying relevant training courses and career progression opportunities based on feedback from managers.

Minimum Experience Level

• Min 3 Years' Credit Analysis experience in assessing creditworthiness of current and prospective clients.
• Min 3 Years' Business Banking experience in evaluating current and prospective clients financial Statements and credit reports to determine their ability to honor debt obligations.

Requirements

• NQF Level 6 or Higher in a Financial Management, Accounting or Analysis-related field

Technical / Professional Knowledge

• Administrative procedures and systems
• Banking procedures
• Data analysis
• Governance, Risk and Controls
• Relevant regulatory knowledge
• Business writing skills
• Industry specific knowledge
• Knowledge of financial markets
• Nedbank vision and strategy
• Relevant Nedbank Human Resources policies and practices

Behavioural Competencies

• Adaptability
• Communication
• Continuous Learning
• Collaborating
• Decision Making
• Stress Tolerance
• Driving for results
• Managing Work

Please contact the Nedbank Recruiting Team at +27 860 555 566

Nedbank