Credit Evaluation Manager (Bloemfontein)

Be Different Recruitment; Sandton; On-site; ZAR 500 000 - 700 000; Full time

Job summary

A financial services company is seeking a qualified candidate for a credit assessment role in Sandton, South Africa. The ideal candidate will have a BComm in Finance and Accounting and at least 5 years of experience in intuitive credit assessment within banking. Responsibilities include evaluating client financials, making prudent credit decisions, and ensuring alignment with legal regulations. Candidates should possess a thorough understanding of financial statements and the National Credit Act. This role offers the opportunity to contribute to risk management improvements and client engagement.

Qualifications

• 5 – 7 years’ experience in credit assessment and decisioning.
• Thorough knowledge of financial statements and repayment structures.
• Understanding of legalities associated with lending and collateral.

Responsibilities

• Assess client financial information including cash flows.
• Make credit decisions on lending applications.
• Determine optimal lending solutions for clients and the bank.
• Identify opportunities for process improvement in risk management.

Skills

Intuitive credit assessment

Financial statement analysis

Knowledge of National Credit Act

Loan granting processes

Understanding of collateral

Education

BComm in Finance and Accounting

Job description

In order to be considered the following is required :

• 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