Commercial Credit Analyst

Placements24; Mtubatuba Local Municipality; Hybrid; ZAR 420,000 - 620,000; Full time

Benefits offered by this job

Medical aid

Retirement fund

Life insurance

Performance incentives

Hybrid work model

Job summary

Placements24 is seeking a Commercial Credit Analyst in Richards Bay, KwaZulu-Natal, to assess creditworthiness of commercial borrowers and manage loan portfolios in a hybrid office/remote setup. You will analyze financial statements, credit reports, and market data to support sound lending decisions.

The ideal candidate holds a Bachelor’s degree in Finance, Accounting, Economics, or a related field, with at least 3 years of credit analysis experience and strong Excel/credit software skills.

Qualifications

• Bachelor's degree required.
• Minimum of 3 years in credit analysis, commercial lending, or related financial role.
• Strong financial statement, ratio, and cash flow analysis skills.
• Proficiency in Excel and credit analysis software.
• Excellent analytical and communication skills.

Responsibilities

• Analyze financial statements, credit reports, and data to assess credit risk.
• Prepare credit write-ups and loan recommendations.
• Monitor loan portfolios and identify credit issues.
• Ensure compliance with credit policies and regulatory requirements.
• Build relationships with commercial clients and stakeholders.
• Conduct industry and market research to support decisions.
• Appraise collateral and assess loan covenants.
• Assist in loan approvals and documentation.
• Stay informed about economic conditions affecting credit risk.

Skills

Financial statement analysis

Ratio analysis

Cash flow analysis

Commercial loan products

Credit underwriting principles

Risk assessment

Analytical thinking

Communication skills

Education

Bachelor's degree in Finance, Accounting, Economics, or related business field

Tools

Microsoft Excel

Credit analysis software

Job description

About the Role

Our client, a prominent financial institution, is seeking an experienced Commercial Credit Analyst to join their team in **Richards Bay, KwaZulu-Natal**. This role offers a hybrid work arrangement, allowing for a blend of office-based work and remote flexibility. The Commercial Credit Analyst will be responsible for evaluating the creditworthiness of commercial clients, assessing loan applications, and managing loan portfolios. This position is vital to the bank's lending operations, ensuring sound credit decisions and minimizing risk. You will work closely with relationship managers and clients to understand business needs and financial standings. We are looking for a meticulous and analytical individual with a strong understanding of financial statements and commercial lending principles. This is an excellent opportunity to contribute to a growing financial hub and develop your expertise in a key area of **banking & finance**.

Key Responsibilities

• Analyze financial statements, credit reports, and other relevant data to assess the credit risk of commercial borrowers.
• Prepare comprehensive credit write-ups and recommendations for loan applications.
• Monitor existing loan portfolios, identifying potential credit issues and recommending appropriate actions.
• Ensure compliance with the bank's credit policies, procedures, and regulatory requirements.
• Develop and maintain strong relationships with commercial clients and internal stakeholders.
• Conduct industry and market research to support credit decisions.
• Appraise collateral and assess loan covenants.
• Assist in managing the loan approval process and documentation.
• Stay informed about economic conditions and their impact on credit risk.

Requirements

• Bachelor's degree in Finance, Accounting, Economics, or a related business field.
• Minimum of 3 years of experience in credit analysis, commercial lending, or a related financial role.
• Strong understanding of financial statement analysis, ratio analysis, and cash flow assessment.
• Knowledge of commercial loan products, credit underwriting principles, and risk assessment techniques.
• Proficiency in Microsoft Excel and experience with credit analysis software.
• Excellent analytical, problem-solving, and decision-making skills.
• Strong written and verbal communication skills.
• Ability to manage multiple tasks and meet deadlines in a dynamic environment.
• Familiarity with the **Richards Bay** business landscape is an advantage.

Benefits

Our client provides a competitive salary, performance incentives, and a comprehensive benefits package including medical aid, a retirement fund, and life insurance. This hybrid role offers flexibility, allowing for a healthy work-life balance. Opportunities for professional development and career advancement within the **banking & finance** sector are abundant. Join a supportive team environment where your analytical skills will be highly valued and contribute to the bank's success.