Job Description

Northern Suburbs. Salary Market related.

Qualifications: Honours degree in Finance / Accounting / Mathematics or related.

Preferred: CA(SA)/ACCA/CIMA

Purpose:

As a Credit Analyst at our clients company, your key responsibility will be to evaluate and assess the creditworthiness of businesses seeking loans by utilizing scorecard models, analysing financial data, and applying sound risk management practices to make well-informed credit decisions.

Meeting and exceeding SLA requirements for exceptional service delivery will be at the forefront of your responsibilities, as we strive to provide the best possible experience to our clients.

Credit Assessment:

xc2xb7 Credit Assessment: Review and analyse credit applications from customers (business), to determine their creditworthiness based on scorecard models and established risk criteria which includes quantitative and qualitative information.

xc2xb7 Financial Analysis: Conduct financial analysis for large loans, assessing the creditworthiness of applicants by examining financial statements, credit reports, and other relevant data sources.

xc2xb7 Risk Evaluation: Evaluate risk factors associated with each credit application and make well-informed decisions on the appropriate credit limit, interest rate and other relevant terms.

Loan Origination Process:

xc2xb7 Compliance: Ensure strict adherence to the credit policy and credit processes to maintain regulatory compliance and minimize risk exposure.

xc2xb7 Process Optimisation: Continuously evaluate and refine the credit granting processes with a strong emphasis on enhancing efficiency and reducing turnaround times, all while staying within the established credit risk appetite.

xc2xb7 Alignment and Training: Facilitate alignment among reviewers and foster effective communication between reviewers and analysts through thorough quality reviews, constructive feedback, and comprehensive training initiatives. This collaborative approach ensures consistency and accuracy in credit assessments.

xc2xb7 Operational efficiency: Provide input into monthly reviewer schedules and ensure sufficient capacity to review loan applications.

xc2xb7 Regular Catch-Up Meetings with the Analyst Lead: Holding regular catch-up meetings with the Analyst team leader to identify training needs focused on enhancing their understanding of financial statements and management accounts

Monitoring:

xc2xb7 Portfolio Monitoring: Monitoring the performance of existing loans in the portfolio.

xc2xb7 Monthly Credit Pack: Provide input for the monthly credit reporting, focusing on portfolio quality, delinquencies, and credit risk exposure.

xc2xb7 Defaulted Loan Reviews: Conduct comprehensive reviews of defaulted loans to identify trends and risks that can help improve and refine credit criteria.

xc2xb7 Quality Monitoring: Ensuring diligent quality monitoring of reviews to guarantee compliance with credit policy and processes, maintaining alignment and consistency.

Onboarding of new reviewers:

xc2xb7 Training Induction Program: Design and maintain the training induction program tailored for new Reviewers.

xc2xb7 Onboarding and On-the-Job Training: Oversee the onboarding process and provide comprehensive training and continuous on-the-job support for new Reviewers.

xc2xb7 Follow-Up Training: Conduct follow-up training sessions with new Reviewers to ensure adherence to the proper review process and identify any additional training needs before training sign-off.

xc2xb7 Updated Training Manual: Keep the training manual for new Reviewers up to date and ensure that it reflects the latest practices and information.

xc2xb7 Supporting Loan Analysts: Offer guidance and mentorship to Loan Analysts, particularly in understanding financial statements, management accounts, and SARS liabilities for high-value applications.

Training:

xc2xb7 Monthly Reviewers' Workshops: Contribute to monthly workshops aimed at facilitating knowledge exchange and feedback between the Analyst and Reviewer teams. Providing guidance to ensure adherence to standards will be an essential part of these sessions.

xc2xb7 Continuous Financial Upskilling: Ensuring continuous financial upskilling of team members, both new and existing, is a key priority in your role. This will contribute to a high level of expertise within the team.

xc2xb7 Administrative Functions: Manage all administrative aspects related to training, such as maintaining training registers and updating training manuals, to ensure an organized and effective training process

General:

xc2xb7 Training and Development: Stay up-to-date with industry trends, best practices, and emerging technologies in credit risk management, and share knowledge within the team.

xc2xb7 Continuous Improvement: Contribute to ongoing process improvement initiatives, including refining credit scoring models, automating processes, and enhancing data analytics capabilities.

xc2xb7 Collaboration: Collaborate with cross-functional teams, including sales, operations, legal and business development teams to optimize credit processes and enhance overall credit risk management strategies.

xc2xb7 Customer Service: Maintain a customer-centric approach while managing credit-related inquiries and providing support to internal and external stakeholders

Minimum Work Experience:

xc2xb7 2-3 years of experience working in the financial services and/or lending industry

Technical/business Competencies:

General:

xc2xb7 Understanding financial reporting standards and the ability to analyze financial statements, cash flow, and key financial ratios.

xc2xb7 Demonstrating critical thinking and risk assessment skills through data analysis of financial data from various sources, including financial statements, credit reports, and credit bureau data.

xc2xb7 Possessing strong writing and reporting skills to document credit analysis findings effectively for decision-making purposes. (Writing and reporting)

xc2xb7 Proficiency in using data analysis tools (e.g., Excel) and credit risk management software to streamline the credit evaluation process. (Applying expertise and technology)

The following experience will be beneficial/bonus:

xc2xb7 Experience as a Credit Analyst in a scorecard-based environment or a similar role within the financial services industry is a bonus.

xc2xb7 Knowledge of commercial credit products, market trends, and/or loan procedures, credit life cycle (up to and including collections).

xc2xb7 Familiarity with industry-specific factors influencing credit risk, such as market trends, regulatory changes, and economic conditions.

xc2xb7 Understanding credit bureau data, credit scoring methodologies, and regulatory compliance.

xc2xb7 Experience in monitoring and analyzing the performance of existing credit accounts to assess credit quality, identify trends, and manage credit risk exposure.

xc2xb7 Familiarity with credit policies and guidelines, ensuring credit decisions align with the established risk appetite.

xc2xb7 Knowledge of loan administration, accounting, and banking applications/software.

Please submit your CV with photo and kindly let me know what you are currently earning please?

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