Credit Risk Analyst

Placements24; Durban; Hybrid; ZAR 480,000 - 720,000; Full time

Benefits offered by this job

Hybrid work arrangement

Competitive salary

Health benefits

Professional development

Collaborative team environment

Job summary

Placements24 is seeking a meticulous Credit Risk Analyst in Durban to evaluate creditworthiness of potential borrowers and existing clients. You will manage credit portfolios, mitigate financial risks, and work with loan officers to ensure a healthy loan book, in a hybrid work environment.

The role requires strong analytical skills, attention to detail, and deep understanding of lending practices and financial markets.

Qualifications

• Bachelor's degree in Finance, Economics, Accounting or related field.
• 3+ years of experience in credit analysis, risk management, or banking roles.
• Strong knowledge of financial analysis, risk assessment, and credit policies.

Responsibilities

• Analyze financial statements, credit reports, and data to assess credit risk of borrowers.
• Develop and implement credit scoring models and risk frameworks.
• Monitor performance of credit portfolios and manage exposures.
• Prepare detailed credit reports and lending recommendations.
• Stay updated on regulatory changes and best practices in credit risk.

Skills

Credit risk analysis

Financial statement analysis

Data analysis

Excel

Education

Bachelor's degree in Finance/Economics/Accounting

Tools

Financial databases

Job description

About the Role

Our client is seeking a meticulous Credit Risk Analyst to join their team in Durban . You will be responsible for evaluating the creditworthiness of potential borrowers and existing clients, managing credit portfolios, and mitigating potential financial risks. This role requires a keen eye for detail, strong analytical capabilities, and a deep understanding of financial markets and lending practices. You will work closely with loan officers and other departments to ensure the stability and profitability of the company's lending operations, playing a key role in maintaining a healthy loan book and contributing to sound financial strategies within a hybrid work model.

Key Responsibilities

• Analyze financial statements, credit reports, and other relevant data to assess the credit risk of loan applicants.
• Develop and implement credit scoring models and risk assessment frameworks.
• Monitor the performance of existing credit portfolios, identifying potential risks and proactively managing exposures.
• Prepare detailed credit reports and recommendations for loan approvals or rejections.
• Stay updated on industry trends, regulatory changes, and best practices in credit risk management.

Requirements

• Bachelor's degree in Finance, Economics, Accounting, or a related field.
• 3+ years of experience in credit analysis, risk management, or a related banking role.
• Strong understanding of financial analysis, risk assessment methodologies, and credit policies.
• Proficiency in data analysis tools and software, including Excel and relevant financial databases.
• Excellent analytical, problem-solving, and communication skills.

Benefits

• Competitive salary commensurate with experience.
• Hybrid work arrangement offering flexibility between office and remote work.
• Comprehensive health and wellness benefits.
• Opportunities for professional development and continuous learning.
• A supportive team environment focused on collaborative problem-solving.