Commercial Credit Analyst

Placements24; Durban; Hybrid; ZAR 480,000 - 780,000; Full time

Benefits offered by this job

Competitive salary

Health and life insurance

Retirement savings plan

Professional development

Job summary

Placements24 is recruiting a meticulous Commercial Credit Analyst for our Durban-based client. You will evaluate creditworthiness of commercial borrowers, review financial statements, and provide recommendations on loans and facilities to support risk-adjusted growth.

The role requires strong financial acumen, excellent analysis, and solid communication with relationship managers. Hybrid work setup in Durban offers balanced onsite and remote collaboration within a renowned financial institution.

Qualifications

• Bachelor's degree in Finance, Accounting, or related field.
• 3–5 years in commercial credit analysis, risk management, or related banking role.
• Strong ability to analyze financial statements and cash flows.
• Proficiency in Excel and MS Office.

Responsibilities

• Analyze financial statements, credit reports, and other relevant data to assess the risk of commercial borrowers.
• Prepare comprehensive credit memorandums and recommendations for new loans and credit line renewals.
• Monitor existing loan portfolios, identifying potential risks and ensuring compliance with credit policies.
• Communicate credit decisions and requirements clearly to relationship managers and clients.
• Stay updated on industry trends, economic conditions, and regulatory changes affecting credit risk.
• Assist in developing and refining credit policies and procedures.

Skills

Financial analysis

Cash flow forecasting

Credit scoring

Excel

Analytical skills

Communication

Education

Bachelor's degree in Finance/Accounting/Business Administration

Tools

Excel

Microsoft Office

Job description

About the Role

Our client seeks a meticulous Commercial Credit Analyst to join their growing credit department in Durban . This role is critical in assessing the creditworthiness of commercial clients, analyzing financial statements, and making informed recommendations on loan applications and credit facilities. You will work closely with relationship managers to understand client needs and manage credit risk effectively. The ideal candidate will have a strong financial acumen, excellent analytical skills, and a deep understanding of credit principles within the banking sector. This position offers a stable career path with opportunities for growth in a respected financial institution located in KwaZulu-Natal .

Key Responsibilities

• Analyze financial statements, credit reports, and other relevant data to assess the risk of commercial borrowers.
• Prepare comprehensive credit memorandums and recommendations for new loans and credit line renewals.
• Monitor existing loan portfolios, identifying potential risks and ensuring compliance with credit policies.
• Communicate credit decisions and requirements clearly to relationship managers and clients.
• Stay updated on industry trends, economic conditions, and regulatory changes affecting credit risk.
• Assist in developing and refining credit policies and procedures.

Requirements

• Bachelor's degree in Finance, Accounting, Business Administration, or a related discipline.
• 3-5 years of experience in commercial credit analysis, risk management, or a related banking role.
• Strong understanding of financial statement analysis, cash flow forecasting, and credit scoring models.
• Proficiency in Microsoft Office Suite, particularly Excel.
• Excellent analytical, problem-solving, and decision-making skills.
• Strong written and verbal communication skills, with the ability to articulate complex financial information.

Benefits

• Competitive annual salary and potential for annual bonuses.
• Comprehensive health and life insurance coverage.
• Retirement savings plan with employer matching.
• Professional development and training opportunities.
• A balanced hybrid work environment in the vibrant city of Durban .