Credit Analyst

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

Benefits offered by this job

Annual performance bonus

Health, dental, and vision insurance

Retirement savings plan with employer

Professional growth opportunities

Stable work environment

Job summary

Placements24 in Paarl is seeking a meticulous and analytical Credit Analyst to assess the creditworthiness of borrowers and manage credit risk for the bank's loan portfolio. You will analyze financial statements, prepare credit reports, and recommend loan decisions to ensure sound lending practices.

The role requires 1–3 years in credit analysis or a related field, strong analytical skills, and proficiency in financial modeling.

Qualifications

• Bachelor's degree in Finance, Accounting, Economics, or related field.
• 1–3 years of experience in credit analysis or lending.
• Strong analytical and quantitative skills with attention to detail.
• Proficiency in financial modeling and data analysis software.
• Excellent written and verbal communication skills.

Responsibilities

• Analyze financial statements and credit reports to assess borrower risk.
• Prepare detailed credit reports and loan recommendations.
• Monitor existing loans for potential credit issues.
• Ensure compliance with credit policies and regulatory requirements.
• Collaborate with loan officers and clients on credit decisions.
• Stay updated on industry trends and credit best practices.

Skills

Credit analysis

Financial modeling

Data analysis

Attention to detail

Analytical thinking

Communication skills

Education

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

Tools

Financial modeling software

Job description

About the Role

Our client is seeking a meticulous and analytical Credit Analyst to join their team in Paarl . This role is crucial for assessing the creditworthiness of potential borrowers and managing the credit risk of the bank's loan portfolio. You will conduct thorough financial analyses, evaluate loan applications, and make recommendations to ensure sound lending decisions. This is an excellent opportunity to contribute to the financial stability of the institution and develop your career within the dynamic banking and finance sector in the scenic Western Cape region.

Key Responsibilities

• Analyze financial statements, credit reports, and other relevant data to assess borrower risk.
• Prepare detailed credit reports and recommendations for loan approval or denial.
• Monitor the performance of existing loans, identifying potential credit issues early.
• Ensure compliance with all credit policies, procedures, and regulatory requirements.
• Communicate effectively with loan officers, clients, and other stakeholders regarding credit decisions.
• Maintain up-to-date knowledge of industry trends and credit best practices.

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 analytical and quantitative skills with a keen eye for detail.
• Proficiency in financial modeling and data analysis software.
• Excellent written and verbal communication skills.

Benefits

• Competitive salary and potential for annual performance bonuses.
• Comprehensive health, dental, and vision insurance plans.
• Retirement savings plan with employer contributions.
• Opportunities for professional growth and training in credit risk management.
• Stable and supportive work environment in Paarl .