Credit Analyst

Placements24; East London; On-site; ZAR 320,000 - 520,000; Full time

Benefits offered by this job

Competitive salary

On-site work environment

Medical aid and retirement fund

Professional development opportunities

Risk management culture

Job summary

Placements24 in East London is seeking a detail-oriented Credit Analyst to join our lending team. You will assess borrower risk, analyze financial data and prepare comprehensive credit reports to support loan approvals and terms.

The role emphasizes compliance with credit policies and regulatory requirements, maintaining accurate loan records, and clear communication with loan officers and applicants. A strong analytical mindset is essential.

Qualifications

• Bachelor's degree in Finance, Economics, or Accounting is required.
• Minimum 3 years of credit analysis or related financial experience.
• Strong financial statement and ratio analysis skills.
• Proficiency in Excel and familiarity with financial databases is preferred.

Responsibilities

• Analyze financial statements, credit reports and data to assess borrower risk.
• Prepare credit reports and loan recommendations.
• Monitor portfolios for signs of deteriorating credit quality.
• Ensure compliance with credit policies and regulations.
• Maintain organized loan documentation and records.
• Communicate credit decisions clearly to loan officers and applicants.

Skills

Financial statement analysis

Cash flow analysis

Ratio analysis

Analytical thinking

Decision making

Problem solving

Education

Bachelor's degree in Finance, Economics, or Accounting

Tools

Excel

Financial databases

Job description

About the Role

Our client is seeking a detail-oriented and analytical Credit Analyst to join their lending team in East London . This role is crucial in assessing the creditworthiness of loan applicants, mitigating risk for the institution, and ensuring sound lending practices. You will analyze financial statements, credit histories, and market data to make informed recommendations on loan approvals and terms. This is a vital position within the banking sector, contributing to responsible lending and the financial stability of the organization. The successful candidate will work within a collaborative environment, leveraging data to make critical financial decisions.

Key Responsibilities

• Analyze financial statements, credit reports, and other data to assess borrower risk.
• Prepare comprehensive credit reports and make recommendations for loan approval or denial.
• Monitor existing loan portfolios for signs of deteriorating credit quality.
• Ensure compliance with the company's credit policies and regulatory requirements.
• Maintain accurate and organized loan documentation and records.
• Communicate credit decisions and requirements clearly to loan officers and applicants.

Requirements

• Bachelor's degree in Finance, Economics, Accounting, or a related field.
• Minimum 3 years of experience in credit analysis, lending, or a related financial role.
• Strong understanding of financial statement analysis, cash flow assessment, and ratio analysis.
• Knowledge of credit scoring models and lending regulations .
• Excellent analytical, problem-solving, and decision-making skills.
• Proficiency in Microsoft Excel and experience with financial databases is a plus.

Benefits

• Competitive salary and performance-based bonuses.
• On-site work environment fostering team synergy.
• Comprehensive medical aid and retirement fund contribution.
• Opportunities for professional development and credit-related certifications.
• A supportive team culture focused on risk management excellence.