Credit Evaluation Manager (Bloemfontein)

Be Different Sa (Pty) Ltd; Gauteng; On-site; ZAR 300 000 - 400 000; Full time

Job summary

A leading financial services provider in South Africa is seeking an experienced candidate for a credit assessment role. The ideal applicant will have a BComm in Finance, 5-7 years of experience in credit evaluation, and comprehensive knowledge of financial statements and the National Credit Act. Responsibilities include assessing client information for credit decisions, ensuring compliance with lending policies, and providing support for process improvements. This position offers the chance to enhance client experiences and contribute to asset growth within a supportive team environment.

Qualifications

• 5 – 7 years' experience in credit assessment and decisioning.
• Thorough knowledge of financial statements.
• Understanding of the National Credit Act.

Responsibilities

• Assess client and financial information for credit decisions.
• Determine lending solutions under relevant policies.
• Identify opportunities for improving credit processes.
• Provide credit guidance and coaching to business staff.

Skills

Credit assessment

Financial analysis

Business banking

Collateral management

Legal knowledge

Relationship management

Education

BComm in Finance and Accounting

Job description

In order to be considered the following is required :

Qualifications

• BComm in Finance and Accounting
• 5 – 7 years' experience in intuitive credit assessment and decisioning in relevant segment and products (i.e. across business banking or Agri).
• Thorough knowledge and understanding of financial statements
• Knowledge and understanding of repayment structures, collateral and collection processes within the banking environment.
• Understanding of legalities associated with lending and collateral
• Knowledge of credit and strategy business rules and processes to identify exclusions where applicable.
• Understanding of the National Credit Act
• Knowledge in respect of collateral – how it is affected and released, as well as the value assigned to different collateral types from a credit perspective.
• Understanding of Deeds office processes
• The knowledge and understanding of loan granting processes including credit checks, credit scorecard completion, affordability criteria and repayment terms and conditions

Duties & Responsibilities

• Obtains and assesses client and financial information, including cash flows and cash flow forecasts, with a view to understanding the current debt levels and repayment requirements as relates to different products and banks.
• Makes prudent credit decisions on lending applications and authority sought requests within the parameters of the relevant individual product policies and / or multiple product policy, relevant regulatory requirements such as the National Credit Act and sound financial principles.
• Determines the best possible lending solution for the client and the bank.
• Proactively highlights opportunities for asset growth in line with ecosystem philosophy and sound credit risk principles Adheres to "Before sunset service" in order to deliver excellent client experience.
• Attends client visits to understand clients and their businesses.
• Client engagements may be in person or virtually.
• Stipulates conditions for facilities bearing credit risk policies and processes in mind.
• Ensures credit risk is appropriately identified and addressed in the initial assessment and the ongoing management of the exposure.
• Displays a good understanding the credit risk management environment.
• Supports the credit risk team as required to ensure performance of their responsibilities.
• Pro-actively identifies opportunities to improve processes and systems within the business unit to enhance risk management and efficiencies.
• Assists with training new staff as and when required and cross skilling of existing staff.
• Provides credit guidance and advice to business through the sharing of knowledge, coaching and assistance in improving the understanding and quality of credit risk.
• Builds and maintains relationships within the broader credit team and business stakeholders.
• Acts as a partner to business in unlocking ecosystem and other client opportunities to support the achievement of asset growth within the bounds of responsible credit risk management and set risk appetite.
• Ensures that service is provided to the satisfaction of all stakeholders in terms of service level agreement.
• Attends business and team connect sessions, ecosystem and squad meetings.

Please consider your application as unsuccessful if you have not received a response within 14 days of submitting your application.