Credit And Risk Analyst

Goscor Group; Johannesburg; On-site; ZAR 30,000 - 60,000; Full time

Job summary

An established industry player is seeking a Credit Risk Analyst to assess the creditworthiness of clients and manage financial risks. This role involves evaluating new and existing customers, ensuring compliance with credit policies, and collaborating with various teams to maintain strong relationships. The ideal candidate will possess strong analytical skills, a background in finance or business, and at least five years of relevant experience. Join a dynamic team where your expertise will contribute to informed financial decisions and risk mitigation strategies.

Qualifications

• 5+ years of experience in Credit and Risk Department.
• Knowledge of NCA, FICA, and POPI legislation.

Responsibilities

• Evaluate creditworthiness of clients and make recommendations.
• Monitor customer financial health and prepare reports.
• Ensure compliance with credit policies and identify process improvements.

Skills

Analytical Skills

Financial Assessment

Problem-Solving

Communication Skills

Negotiation Skills

Decision-Making

Time Management

Education

Matric

Diploma in Finance

Bachelor's in Finance

Bachelor's in Accounting

Bachelor's in Business

Job description

The purpose of this position is to evaluate the creditworthiness of potential and existing clients, make recommendations based on financial assessments, mitigate risk exposure, maintain accurate financial records, and ensure compliance with credit policies.

Duties & Responsibilities

1. New Customer Risk Assessment:
   1. Compile documents related to all customer applications.
   2. Ensure FICA and internal documentation are received.
   3. Assess completeness and expiry dates of documents.
   4. Verify all documentation.
   5. Evaluate customer creditworthiness using guidelines and system applications.
   6. Develop risk profiles, set credit limits, and make recommendations.
   7. Stay updated on industry trends, economic conditions, and regulations.
2. Existing Customer Risk Assessment:
   1. Ensure FICA and internal documentation are current.
   2. Re-evaluate creditworthiness for increased credit limits.
   3. Assess creditworthiness using guidelines and systems.
3. Monitoring and Reporting:
   1. Monitor customer financial health and market conditions.
   2. Prepare reports on customer performance, highlighting concerns and risk mitigation measures.
4. Collaboration of Relationship Management:
   1. Work with sales, finance, and legal teams to manage accounts.
   2. Maintain strong relationships and support teams as needed.
5. Compliance and Process Management:
   1. Ensure adherence to credit policies, industry regulations, and best practices.
   2. Identify process improvements.
6. Record Keeping:
   1. Keep customer information updated and maintain records.
7. Adverse Reports:
   1. Complete and return adverse reports to Experian.
8. General:
   1. Maintain digital and hardcopy filing of documents.

Requirements and Skills

• Matric, with a Diploma or Bachelor's in Finance, Accounting, Business, or related field.
• At least 5 years' experience in Credit and Risk Department.
• Knowledge of legislation such as NCA, FICA, POPI.
• Strong analytical, financial, problem-solving, communication, negotiation, and decision-making skills.
• Excellent time management skills and ability to work under pressure.

Note: This job description is not exhaustive. Employees may perform other duties as needed. Applications must include a complete CV and be submitted by Friday, 10 January. Please email applications referencing GHO 12/24/60. The Goscor Group values transparency and equal opportunity, and will conduct reference checks at management's discretion. By applying, you consent to personal data processing. If you do not hear within two weeks, consider your application unsuccessful.