Credit Analyst

FAW group; Johannesburg; Sur place; ZAR 550 000 - 830 000; Plein temps

Résumé du poste

The FAW group seeks a Senior Credit Risk Analyst to assess corporate and fleet financing applications in the vehicle sector. You will evaluate creditworthiness, repayment capacity and risk, and provide structured recommendations on limits, terms and mitigations.

You will monitor the existing portfolio, perform detailed financial analysis and contribute to the development of our credit risk framework, ensuring adherence to internal policies and regulatory requirements.

Qualifications

• Matric or higher.
• Degree or postgraduate qualification in Business, Economics/Accounting/Finance/Credit Risk, Banking, Business Management, Financial Management.
• Proven experience analysing corporate financial statements and cash flows.
• Experience preparing professional Credit Committee papers or Credit Memoranda.
• Minimum 3-5 years’ experience in Credit Risk, Commercial Credit, Vehicle & Asset Finance or related financial service environment.
• Strong Excel skills.
• Experience with SAP, Power BI, credit management systems, loan origination systems or similar financial systems will be advantageous.

Responsabilités

• Conduct independent credit assessments of corporate customers, fleet operators, dealers, distributors and other financing applicants.
• Review the applicant’s legal status, ownership structure, ultimate beneficial ownership, business model, operating history, management capability and financing purpose.
• Prepare professional Credit Assessment Reports and Credit Committee Memoranda.
• Present significant credit applications to the relevant Credit Committee or management approval authority.
• Perform detailed financial ratio analysis (liquidity, leverage, profitability, DSCR, cash flow).
• Monitor the existing credit portfolio and ensure compliance with risk framework and regulatory requirements.

Connaissances

Advanced Excel

Formation

Degree or Postgraduate Diploma in Business/Economics/Accounting/Finance/Credit Risk/Banking/Management

Outils

SAP

Power BI

Credit management systems

Loan origination systems

Description du poste

The Senior Credit Risk Analyst is responsible for conducting independent and comprehensive credit assessments commercial vehicle financing customers.

The position is responsible for assessing the creditworthiness, repayment capacity and overall risk profile of financing applicants; recommending appropriate credit limits, financing terms and risk mitigation measures; monitoring the existing credit portfolio; and supporting the development of a robust credit risk management framework.

Key Responsibilities

• Credit Assessment and Underwriting
• Conduct independent credit assessments of corporate customers, fleet operators, dealers, distributors and other financing applicants.
• Review the applicant’s legal status, ownership structure, ultimate beneficial ownership, business model, operating history, management capability and financing purpose.
• Assess the customer’s ability and willingness to meet its financial obligations.
• Evaluate both quantitative and qualitative credit risk factors.
• Provide clear recommendations to approve, conditionally approve, decline or restructure credit applications.
• Ensure that all credit decisions are supported by sufficient evidence and properly documented.
• Analyse audited annual financial statements, management accounts, cash flow forecasts, budgets, bank statements and other financial information.
• Perform detailed financial ratio analysis, including:
  • Liquidity;
  • Leverage and gearing;
  • Profitability;
  • Working capital;
  • Interest coverage;
  • Debt Service Coverage Ratio (DSCR);
  • Cash conversion cycle; and
  • Operating and free cash flow.
• Identify unusual accounting movements, deterioration in financial performance and potential financial reporting concerns.
• Conduct sensitivity and stress-testing analysis where appropriate.
• Assess the sustainability and reliability of the customer’s primary and secondary sources of repayment.
• Credit Structuring
• Recommend appropriate:
  • Credit limits;
  • Financing amounts;
  • Loan tenors;
  • Deposits;
  • Repayment structures;
  • Interest rates and risk pricing;
  • Security and collateral requirements;
  • Corporate or personal guarantees;
  • Financial covenants; and
  • Conditions precedent and subsequent.
• Ensure that proposed financing structures are appropriate for the customer’s cash flow profile and underlying asset.
• Recommend additional risk mitigation measures for higher-risk transactions.
• Credit Rating and Risk Classification
• Apply and maintain the Company’s internal credit rating methodology.
• Assign appropriate risk ratings to customers based on financial and non-financial factors.
• Review and update customer ratings following material changes in financial condition, ownership, operations or repayment behaviour.
• Support the development and continuous improvement of internal credit scoring and rating models.
• Credit Approval and Credit Committee
• Prepare professional Credit Assessment Reports and Credit Committee Memoranda.
• Present significant credit applications to the relevant Credit Committee or management approval authority.
• Clearly communicate key risks, mitigants, repayment sources and recommendations.
• Ensure that approved facilities remain within the Company’s Delegation of Authority and Credit Policy.
• Maintain a complete audit trail for all credit decisions and approvals.
• Conduct financial and commercial due diligence on significant customers, dealers and fleet operators.
• Perform customer interviews and site visits where required.
• Verify business operations, key assets, fleet utilisation, customer concentration and operating capability.
• Review CIPC information, ownership structures, directors, beneficial ownership and relevant corporate information.
• Review external credit bureau reports, banking references, trade references and other available credit information.
• Security and Collateral Assessment
• Assess the adequacy, enforceability and value of proposed security arrangements.
• Review vehicle and asset security, corporate guarantees, personal suretyships, cessions and other forms of credit enhancement.
• Coordinate with the Legal and Compliance functions to ensure appropriate security documentation is in place before drawdown.
• Monitor compliance with security requirements throughout the financing period.
• Post-Lending Credit Monitoring
• Conduct annual, interim and event-driven credit reviews.
• Monitor customer payment behaviour, credit utilisation and financial performance.
• Review covenant compliance and identify deterioration in credit quality.
• Recommend continuation, reduction, suspension or withdrawal of credit facilities where appropriate.
• Ensure that material changes in customer risk are escalated promptly.
• Early Warning and Watchlist Management
• Develop and monitor Early Warning Indicators (EWI), including:
  • Payment delays and arrears;
  • Declining turnover or profitability;
  • Cash flow deterioration;
  • Increased indebtedness;
  • Excessive credit utilisation;
  • Deteriorating bank account conduct;
  • Dealer inventory pressure;
  • Adverse credit bureau information;
  • Legal proceedings; and
  • Material ownership or management changes.
• Maintain and regularly review the Credit Watchlist.
• Recommend appropriate remedial actions for customers showing signs of financial stress.
• Arrears and Problem Account Management
• Analyse overdue and high-risk accounts.
• Work closely with Collections, Legal, Finance and Business teams to develop appropriate recovery strategies
• Support restructuring, repayment arrangements, security enforcement and legal recovery where required.
• Provide credit risk recommendations for distressed customers.
• Participate in impairment and bad debt assessment processes.
• Portfolio Credit Risk Management
• Monitor the overall captive finance portfolio by:
  • Customer
  • Dealer
  • Industry
  • Geography;
  • Product;
  • Risk rating;
  • Credit exposure; and
  • Delinquency status.
• Monitor concentration risk and recommend portfolio limits where appropriate.
• Prepare regular management reports covering:
  • Credit exposure;
  • Arrears;
  • Defaults;
  • Watchlist customers;
  • Credit concentration;
  • Portfolio quality; and
  • Emerging risks.
• IFRS 9 and Expected Credit Loss Support
• Support Finance in the assessment of credit impairment and Expected Credit Loss (ECL).
• Provide credit risk input for Stage 1, Stage 2 and Stage 3 assessments where applicable.
• Support Probability of Default, Loss Given Default and Exposure at Default analysis where required.
• Provide qualitative credit risk assessments for significant individual exposures.
• Credit Policy and Governance
• Support the development and maintenance of:
  • Credit Policy;
  • Credit Assessment Standards;
  • Delegation of Authority;
  • Credit Rating Methodology;
  • Collateral and Security Standards;
  • Watchlist Procedures;
  • Arrears Management Procedures; and
  • Credit Portfolio Limits.
• Identify weaknesses in existing credit processes and recommend improvements.
• Ensure consistent application of credit standards across the business.
• Regulatory and Compliance Responsibilities
• Ensure credit assessment activities are performed in accordance with applicable South African legislation and regulatory requirements.
• Maintain appropriate awareness of:
  • National Credit Act (NCA);
  • National Credit Regulator (NCR) requirements, where applicable;
  • Financial Intelligence Centre Act (FICA);
  • Anti-Money Laundering and Counter-Terrorist Financing requirements;
  • Know Your Customer (KYC) requirements;
  • Protection of Personal Information Act (POPIA);
  • Companies Act; and
  • Relevant internal compliance policies.
• Work closely with Legal, Compliance and Internal Audit on credit-related regulatory matters.
• Cross-Border Credit Risk
• Where financing activities involve customers outside South Africa:
  • Assess country and sovereign risk;
  • Evaluate foreign exchange and currency mismatch risk;
  • Assess transfer and convertibility risk;
  • Consider local legal enforcement and security perfection risks;
  • Assess cross-border payment and collection risks; and
  • Recommend appropriate additional risk mitigation measures.

Preferred Candidate Profile

The ideal candidate will have a strong background in Corporate Credit Risk combined with Vehicle & Asset Finance experience.

Preference should be given to candidates who have worked in:

• Corporate or Business Banking Credit;
• Vehicle & Asset Finance;
• Commercial Vehicle Finance;
• Fleet Finance;
• OEM Captive Finance.

The position is not intended to be an administrative credit checking role. The successful candidate must be capable of independently assessing complex corporate exposures, challenging commercial assumptions, structuring appropriate financing solutions and providing professional credit recommendations to senior management.

The role must maintain appropriate independence from Sales and Business Development functions to ensure that commercial objectives do not compromise the Company’s credit risk standards.

Professional qualifications or progress towards the following will be considered an advantage:

• CA(SA);
• CFA;
• FRM;
• ACCA;
• CIMA; or
• Other recognised banking, credit or risk management qualifications.

REQUIREMENTS:

• Matric or higher
• Degree or Postgraduate Diploma equivalent qualification in Business,
• Economics/Accounting/Finance/Credit Risk, Banking, Business Management, Financial Management.
• Proven experience in analysing corporate financial statements and cash flows.
• Experience in preparing professional Credit Committee papers or Credit Memoranda.
• Experience in managing or assessing material corporate credit exposure.
• Minimum 3-5 years’ experience in Credit Risk, Commercial Credit, Vehicle & Asset Finance or related financial service environment.
• Strong Software Skills (Advanced Excel)
• Experience with SAP, Power BI, credit management systems, loan origination systems or similar financial systems will be advantageous.
• Code 8 licence