Credit Manager

Nedbank; Johannesburg; On-site; ZAR 600,000 - 1,000,000; Full time

Job summary

Nedbank is seeking a capable credit risk professional in Johannesburg to recommend credit for power, renewable and oil assets and manage risk within Nedbank policy.

The role involves validating information, updating client ratings, presenting to committees and mentoring junior staff while ensuring compliance with governance and regulatory standards. Strong analytical and decision-making abilities are essential.

Qualifications

• Advanced Diploma/National 1st Degree required.
• 2-3 years practical credit experience writing and submitting credit apps.
• Experience with project financing is preferable.
• Knowledge of Nedbank Credit Policy and regulatory requirements.

Responsibilities

• Validate client and supporting information by assessing documents.
• Proactive portfolio management ensuring client ratings are updated on time.
• Ensure portfolio dashboard is accurate and up-to-date.
• Oversee capturing of financial statements and ratings models; ensure outputs are correct.
• Analyze credit applications by assessing serviceability and risks.
• Approve funding per credit policy in line with Nedbank strategy and approvals.

Skills

Banking procedures

Governance, Risk and Controls

Data analysis

Decision making

Project management

Communication

Stakeholder management

Education

Chartered Accountant (CA)

MBA

CFA

CIMA

Job description

To recommend credit to place quality Power, Renewable and Oil assets on to the book and continued risk management across Nedbank.

Job Responsibilities

The responsibilities listed below are key to the role and by no means limited to the below:

• Validate client and supporting information by assessing the contents of the documents.
• Proactive Portfolio Management ensuring client ratings are updated in a timely manner.
• Ensuring the portfolio dashboard is dynamically managed to always ensure correctness.
• Oversee capturing of financial statements and ratings models. Scrutiny of the outputs to ensure correctness.
• Analyse credit applications by assessing serviceability of the funding applied for.
• Ensure Credit Applications are aligned to Nedbank’s Credit Policy and supported to the correct Mandated Authority.
• Approve funding by making decision based on the credit policy guideline in conjunction with relevant Nedbank strategy and the analysis based on the information provided.
• Manage daily excesses in a timely manner and ensure the correct mandated approval received.
• Presentation of Credit Application to the respective Mandated Committees.
• Undertake Ad-Hoc projects when needed (example climate risk reporting).
• Mentoring new joiners and learners rotating through the team.
• Ability to manage stress and timelines.
• Actively manage self-development by identifying training courses, on-the-job training and manage career progression with the aid of input and feedback from management.
• Build and maintain effective working relationships with both internal and external stakeholders by providing a range of specialized credit risk management advisory services.
• Together with the Business counterparts manage client expectations by operating within the specified parameters and Service Level Agreements (SLA).
• Enhance processes, policies and procedures by recommending and making submissions to the relevant parties.
• Adapt to changes in Legislation by providing input to redesigning credit processes and systems where applicable.
• Ensure processes are actioned within mandated signatories by checking and confirming the sign off.
• Manage daily activities of direct reports by monitoring the staff output.
• Manage performance and build the intellectual capital of the team by conducting on the job training, counselling and coaching.
• Keeping abreast of developments within the sector (Power and Renewables) and the clients within the portfolio.
• Support the achievement of the business strategy, objectives and values by reviewing Nedbank and Business Unit Plan and ensuring delivered systems, process, services and solutions are aligned.
• Identify training courses and career progression for self through input and feedback from management.
• Ensure all personal development plan activities, including mandatory training and courses are completed within specified timeframe.
• Share knowledge and industry trends with team and stakeholders during formal and informal interaction.
• Obtain buy-in for developing new and/or enhanced processes (e.g. operational processes) that will improve the functioning of stakeholders' businesses by highlighting benefits in support of the implementation of recommendations.
• Contribute to a culture conducive to the achievement of transformation goals by participating in Nedbank Culture building initiatives (e.g. staff surveys etc).
• Participate and support corporate responsibility initiatives for the achievement of business strategy.
• Seek opportunities to improve business processes and systems by identifying and recommending effective ways to operate and adding value to Nedbank.

Essential Qualifications - NQF Level

• Advanced Diplomas/National 1st Degrees

Preferred Qualification

Essential Certifications

• Chartered Accountant, Masters in Business Administration, CFA, CIMA

Minimum Experience Level

• 2-3 years practical Credit Experience writing and submitting credit applications
• Previous Project Financing experience preferable.

Technical / Professional Knowledge

• Banking procedures
• Business principles
• Communication Strategies
• Data analysis
• Governance, Risk and Controls
• Nedbank policies and procedures
• Principles of project management
• Relevant regulatory knowledge
• Decision-making process
• Cluster Specific Operational Knowledge
• Communication
• Decision Making
• Initiating Action
• Managing Work
• Quality Orientation
• Technical/Professional Knowledge and Skills

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Nedbank Ltd Reg No 1951/000009/06.
Authorised financial services and registered credit provider (NCRCP16).