Credit Analyst

Placements24; Paarl; On-site; ZAR 360,000 - 600,000; Full time

Benefits offered by this job

Health insurance

Retirement benefits

Training in credit risk management

Career progression opportunities

Exposure to diverse loan types

Job summary

Placements24 in Paarl seeks a detail-oriented Credit Analyst to join our lending team. You will assess borrower risk by analyzing financial statements and credit reports, and prepare detailed credit reports with loan recommendations.

The role requires strong analytical ability and clear communication with loan officers. You will monitor existing portfolios for credit quality, ensure compliance with policies and regulatory requirements, and maintain organized credit documentation to support sound

Qualifications

• Bachelor's degree in Finance, Accounting, Economics or related field.
• 1-3 years of experience in credit analysis or lending.
• Strong understanding of financial statement analysis.
• Proficiency in Excel and financial analysis software.
• Excellent analytical and communication skills.

Responsibilities

• Analyze financial statements, credit reports, and data to assess borrower risk.
• Prepare detailed credit reports and loan recommendations.
• Monitor portfolios for signs of deteriorating credit quality.
• Ensure compliance with bank policies and regulatory requirements.
• Maintain organized credit files and documentation.
• Collaborate with loan officers and internal teams.

Skills

Analytical thinking

Credit analysis

Financial statement analysis

Excel proficiency

Written and verbal communication

Education

Bachelor's degree in Finance, Accounting, Economics

Tools

Financial analysis software

Microsoft Excel

Job description

About the Role

Our client is seeking a detail-oriented and analytical Credit Analyst to join their lending team in Paarl . This role is crucial in evaluating the creditworthiness of potential borrowers, assessing financial risks, and making recommendations on loan approvals. You will analyze financial statements, credit reports, and other relevant data to determine the risk associated with lending to individuals and businesses. The ideal candidate possesses strong quantitative skills, a solid understanding of credit principles, and the ability to communicate findings clearly and concisely. This position offers a great opportunity to develop expertise in risk assessment within the financial sector.

Key Responsibilities

• Analyze financial statements, credit reports, and other financial data to assess borrower risk.
• Prepare detailed credit reports and make recommendations for loan approval or denial.
• Monitor existing loan portfolios for signs of deteriorating credit quality.
• Ensure all credit assessments and recommendations comply with bank policies and regulatory requirements.
• Maintain accurate and organized credit files and documentation.
• Communicate with loan officers and other internal departments regarding credit analysis findings.

Requirements

• Bachelor's degree in Finance, Accounting, Economics, or a related field.
• 1-3 years of experience in credit analysis, lending, or a related financial role.
• Strong understanding of financial statement analysis and accounting principles.
• Proficiency in Microsoft Excel and experience with financial analysis software.
• Excellent analytical, problem-solving, and attention-to-detail skills.
• Good written and verbal communication skills.

Benefits

• Competitive salary with regular performance reviews.
• Comprehensive health insurance and retirement benefits.
• Opportunities for training in credit risk management and financial analysis.
• A supportive team environment and clear career progression paths.
• Exposure to a variety of loan types and industries.