Credit Analyst

Placements24; Gauteng; On-site; ZAR 350,000 - 550,000; Full time

Benefits offered by this job

Competitive annual salary

Health insurance

Retirement plan with employer contrib.

Training in credit risk management

Stable professional work environment

Job summary

Placements24 is seeking a detail-oriented Credit Analyst to join our client’s lending division in Tembisa, Gauteng. The role involves rigorously assessing the creditworthiness of loan applicants, analyzing financial statements, and making informed recommendations on loan approvals.

You will contribute to managing credit risk in a busy banking environment, interpret financial data, and work with loan officers to gather information and ensure compliance with lending guidelines.

Qualifications

• Bachelor's degree in Finance, Accounting, Economics or related field.
• Strong analytical capabilities and ability to interpret financial statements.
• Proficient in assessing credit risk and understanding credit scoring models.
• Excellent communication and report-writing skills.

Responsibilities

• Analyze financial statements, credit reports, and data to assess loan risk.
• Prepare credit reports and present findings to the credit committee.
• Monitor existing loans and lines of credit for potential risks and recommend actions.
• Ensure all assessments comply with policies, regulations, and lending guidelines.
• Collaborate with loan officers and departments to gather required information.

Job description

About the Role

Our client is looking for a detail-oriented Credit Analyst to join their lending division in Tembisa. This role involves rigorously assessing the creditworthiness of loan applicants, analyzing financial statements, and making informed recommendations on loan approvals. You will play a crucial role in managing credit risk and ensuring the financial health of the institution by upholding sound lending practices. The successful candidate will be adept at interpreting financial data, possess strong analytical skills, and be committed to maintaining the integrity of the credit assessment process within a busy banking environment.

Key Responsibilities

• Analyze financial statements, credit reports, and other financial data to assess the risk associated with loan applications.
• Prepare comprehensive credit reports and present findings and recommendations to the credit committee.
• Monitor the performance of existing loans and lines of credit, identifying potential risks and recommending proactive measures.
• Ensure all credit assessments comply with company policies, industry regulations, and lending guidelines.
• Collaborate with loan officers and other departments to gather necessary information and facilitate the lending process.

Requirements

• Bachelor's degree in Finance, Accounting, Economics, or a related field.
• Minimum of 2 years of experience in credit analysis or a similar role within the banking sector.
• Proficiency in financial statement analysis and understanding of various credit scoring models.
• Strong quantitative and analytical skills, with meticulous attention to detail.
• Effective communication and report-writing abilities.

Benefits

• Competitive annual salary and potential performance bonuses.
• Comprehensive health insurance plan.
• Retirement savings plan with employer contribution.
• Opportunities for professional growth and specialized training in credit risk management.
• A stable and professional work environment within a reputable financial institution.