Credit Analyst - Commercial Lending

Placements24; Mossel Bay; On-site; ZAR 420,000 - 600,000; Full time

Benefits offered by this job

Medical aid

Retirement annuity

Competitive salary

Job summary

Placements24 is seeking a diligent Credit Analyst to join the Mossel Bay office in the commercial lending division. You will evaluate borrowers, analyze financial statements, and prepare recommendations for credit committees, contributing to sound risk management.

The role requires strong quantitative skills, proficiency in Excel, and knowledge of lending practices. You will work in an in-office environment focused on meticulous analysis and decisive credit decisions for the Western Cape region.

Qualifications

• Bachelor's degree or higher in finance, economics, accounting or related field.
• Minimum 3 years of credit analysis or related financial experience.
• Strong ability to analyze financial statements and cash flow.
• Proficiency in Excel and financial modeling is essential.

Responsibilities

• Analyze financial statements, credit reports and data to assess credit risk of commercial loan applicants.
• Prepare credit memorandums and recommendations for loan approvals or rejections.
• Monitor performance of existing loan portfolios and identify potential risks.
• Ensure compliance with internal credit policies and regulatory requirements.
• Conduct industry and market analysis to support credit decisions.
• Develop relationships with loan officers and relationship managers.
• Assist in loan restructuring and workout situations when necessary.
• Stay informed about economic conditions impacting credit risk.

Skills

Financial analysis

Cash flow analysis

Financial modeling

Ratio analysis

Credit analysis

Communication

Education

Bachelor's degree in Finance, Economics, Accounting

Tools

Microsoft Excel

Job description

About the Role

Our client, a well-established financial institution, is seeking a diligent and analytical Credit Analyst to join their commercial lending division in Mossel Bay, Western Cape. This role is integral to evaluating the creditworthiness of potential borrowers and managing the risk associated with commercial loans. You will perform detailed financial analysis, assess loan applications, and make recommendations to credit committees. The position requires strong quantitative skills, a thorough understanding of financial statements, and knowledge of lending practices. This is a key role within the Banking & Finance operations in Mossel Bay, contributing to the sound financial health of the institution and supporting economic growth in the Western Cape region. The role offers a stable, in-office environment focused on meticulous analysis and decision-making.

Key Responsibilities

• Analyze financial statements, credit reports, and other relevant data to assess the credit risk of commercial loan applicants.
• Prepare comprehensive credit memorandums and recommendations for loan approval or rejection.
• Monitor the performance of existing loan portfolios and identify potential risks.
• Ensure compliance with internal credit policies and external regulatory requirements.
• Conduct industry and market analysis to support credit decisions.
• Develop and maintain strong relationships with internal stakeholders, including loan officers and relationship managers.
• Assist in loan restructuring and workout situations when necessary.
• Stay informed about economic conditions and industry trends that may impact credit risk.

Requirements

• Bachelor's degree in Finance, Economics, Accounting, or a related field.
• Minimum of 3 years of experience in credit analysis, lending, or a related financial role.
• Strong understanding of financial statement analysis, ratio analysis, and cash flow assessment.
• Proficiency in Microsoft Excel and experience with financial modeling.
• Knowledge of commercial lending products and practices.
• Excellent analytical, problem-solving, and decision-making skills.
• Strong written and verbal communication skills.
• Ability to manage multiple tasks and deadlines effectively.
• Attention to detail and a high degree of accuracy.

Benefits

Our client offers a competitive salary and a comprehensive benefits package, including medical aid and a retirement annuity. This position provides excellent opportunities for professional growth and advancement within the Banking & Finance sector. You will be part of a supportive team environment in our client's Mossel Bay office, contributing to vital lending decisions within the Western Cape.