Credit Analyst

Placements24; Soweto; On-site; ZAR 360,000 - 540,000; Full time

Benefits offered by this job

Competitive salary

Performance bonuses

Medical aid and retirement fund

Job summary

Placements24 is seeking a diligent Credit Analyst in Soweto, Gauteng, to join the lending team. The role focuses on evaluating borrower creditworthiness, analyzing financial data, and supporting responsible lending within a community bank environment.

You will prepare credit reports, assess collateral, and help ensure the loan portfolio remains sound and profitable while collaborating with loan officers and management on risk-informed decisions.

Qualifications

• Bachelor's degree required in Finance, Accounting, Economics or related field.
• 2-4 years of experience in credit analysis, lending, or related financial role.
• Strong understanding of financial statement analysis and ratio analysis.
• Knowledge of banking regulations and compliance relevant to lending.

Responsibilities

• Analyze financial statements, credit reports, and data to assess credit risk.
• Prepare credit reports and recommend approvals or rejections.
• Evaluate collateral and determine loan values.
• Monitor existing loan performance and identify deterioration risks.
• Ensure compliance with lending policies, procedures and regulatory requirements.
• Maintain organized loan files and documentation.
• Communicate credit decisions to loan officers and clients.
• Stay informed about industry trends and economic conditions.
• Assist in development and refinement of credit policies and procedures.
• Perform portfolio risk assessments.

Skills

Analytical skills

Attention to detail

Problem-solving

Communication skills

Independent work

Education

Bachelor's degree in Finance/Accounting/Economics

Tools

Microsoft Excel

Job description

About the Role

Our client, a well-established community bank operating in Soweto, Gauteng, is seeking a diligent and detail-oriented Credit Analyst to join their lending team. This role is crucial for evaluating the creditworthiness of loan applicants, assessing risk, and making recommendations for loan approvals or rejections. The ideal candidate will possess strong analytical skills, a thorough understanding of credit principles, and a commitment to responsible lending practices. This is an on-site position based in Soweto, Gauteng, offering the opportunity to play a vital role in supporting the financial growth of individuals and businesses within the local community. The Credit Analyst will work closely with loan officers and management to ensure the bank's loan portfolio remains sound and profitable. The position demands accuracy and a keen understanding of financial risk assessment.

Key Responsibilities

• Analyze financial statements, credit reports, and other financial data to assess the credit risk of loan applicants.
• Prepare comprehensive credit reports and make recommendations on loan approvals, terms, and conditions.
• Evaluate collateral and determine appropriate loan values.
• Monitor the performance of existing loans and identify potential credit deterioration.
• Ensure compliance with the bank's lending policies, procedures, and regulatory requirements.
• Maintain accurate and organized loan files and documentation.
• Communicate effectively with loan officers, clients, and other stakeholders regarding credit decisions and requirements.
• Stay informed about industry trends, economic conditions, and best practices in credit analysis.
• Assist in the development and refinement of credit policies and procedures.
• Perform ongoing portfolio reviews and risk assessments.

Requirements

• Bachelor's degree in Finance, Accounting, Economics, or a related field.
• Minimum of 2-4 years of experience in credit analysis, lending, or a related financial role.
• Strong understanding of financial statement analysis, ratio analysis, and credit scoring models.
• Knowledge of banking regulations and compliance requirements related to lending.
• Excellent analytical, problem-solving, and decision-making skills.
• High attention to detail and accuracy in reviewing financial documents.
• Proficiency in Microsoft Excel and other relevant software.
• Good communication and interpersonal skills.
• Ability to work independently and manage multiple assignments effectively.
• Experience within the Soweto, Gauteng community or financial sector is an advantage.

Benefits

• Competitive salary commensurate with experience and qualifications.
• Performance-based incentives or bonuses.
• Comprehensive medical aid and retirement fund benefits.
• Opportunities for professional development and further training in credit risk management.
• Supportive and collaborative work environment.
• Exposure to diverse loan portfolios.
• Career growth potential within the banking sector.
• Convenient work location in Soweto, Gauteng.