Credit Risk Analyst

Placements24; Willows (CA); On-site; USD 25,000 - 40,000; Full time

Benefits offered by this job

Annual bonus

Share options

Medical aid

Retirement fund

Training & certifications

Job summary

Placements24 is seeking a meticulous Credit Risk Analyst for a prominent financial services provider in Welkom, Free State. The role focuses on assessing and managing credit risk across the lending portfolio, with emphasis on quantitative analysis, financial statement interpretation, and robust risk reporting.

The ideal candidate will have a degree in finance/economics/statistics, at least three years of credit risk experience, strong Excel skills, and knowledge of SA regulatory requirements.

Qualifications

• Bachelor's degree in Finance, Economics, Statistics, Mathematics, or related quantitative field.
• Minimum of 3 years of experience in credit analysis, risk management, or related financial role.
• Strong understanding of financial statement analysis, ratio analysis, and financial modeling.
• Proficiency in Excel, including data analysis functions and charting.
• Knowledge of credit scoring methodologies and risk assessment techniques.
• Excellent analytical, problem-solving, and decision-making skills.
• Strong written and verbal communication skills.
• Attention to detail and commitment to accuracy.
• Ability to work effectively in a team and manage individual responsibilities.
• Familiarity with the South African credit environment and regulations is preferred.

Responsibilities

• Analyze credit applications and financial statements to assess creditworthiness of individuals and businesses.
• Develop and maintain credit scoring models and risk assessment tools.
• Monitor the credit quality of the loan portfolio, identifying potential concerns and recommending actions.
• Prepare detailed credit reports and risk assessments for loan approval committees.
• Ensure compliance with internal credit policies and external regulatory requirements.
• Conduct portfolio stress testing and scenario analysis to evaluate risk under adverse conditions.
• Collaborate with loan officers and relationship managers to provide expertise on credit risk matters.
• Identify trends and patterns in credit data to improve risk management strategies.
• Contribute to development and implementation of new credit products and policies.
• Stay updated on industry best practices and regulatory changes related to credit risk.

Skills

Financial statement analysis

Financial modeling

Credit scoring methodologies

Excel proficiency

Attention to detail

Communication skills

Team collaboration

Regulatory awareness

Education

Bachelor's degree in Finance/Economics/Statistics/Mathematics

Tools

Financial analysis tools

Job description

About the Role

Our client, a prominent financial services provider in Welkom, Free State , is seeking a meticulous and analytical Credit Risk Analyst. This role is vital in assessing and managing credit risk across the organization's lending portfolio. The ideal candidate will possess strong quantitative skills, a solid understanding of financial statements, and the ability to interpret complex credit data. This is an excellent opportunity to contribute to the stability and profitability of a leading financial institution in the Free State province, ensuring robust risk management practices are in place. We foster a culture of continuous learning and professional development, offering challenging work in a supportive environment. A keen eye for detail and a commitment to risk mitigation are essential for success in this role. We are dedicated to maintaining high standards of financial integrity.

Key Responsibilities

• Analyze credit applications and financial statements to assess the creditworthiness of individuals and businesses.
• Develop and maintain credit scoring models and risk assessment tools.
• Monitor the credit quality of the loan portfolio, identifying potential areas of concern and recommending actions.
• Prepare detailed credit reports and risk assessments for loan approval committees.
• Ensure compliance with internal credit policies and external regulatory requirements.
• Conduct portfolio stress testing and scenario analysis to evaluate risk under adverse conditions.
• Collaborate with loan officers and relationship managers to provide expertise on credit risk matters.
• Identify trends and patterns in credit data to improve risk management strategies.
• Contribute to the development and implementation of new credit products and policies.
• Stay updated on industry best practices and regulatory changes related to credit risk.

Requirements

• Bachelor's degree in Finance, Economics, Statistics, Mathematics, or a related quantitative field.
• Minimum of 3 years of experience in credit analysis, risk management, or a related financial role.
• Strong understanding of financial statement analysis, ratio analysis, and financial modeling.
• Proficiency in Microsoft Excel, including data analysis functions and charting.
• Knowledge of credit scoring methodologies and risk assessment techniques.
• Excellent analytical, problem-solving, and decision-making skills.
• Strong written and verbal communication skills.
• Attention to detail and commitment to accuracy.
• Ability to work effectively in a team and manage individual responsibilities.
• Familiarity with the South African credit environment and regulations is preferred.

Benefits

• Competitive salary package commensurate with experience.
• Annual performance bonus and potential for share options.
• Comprehensive medical aid and retirement fund.
• Opportunities for professional training and certifications in risk management.
• A stable and supportive work environment in Welkom .
• Career progression opportunities within the organization.
• Exposure to diverse credit risk challenges.