Credit Risk Analyst

Placements24; East London; Remote; ZAR 300,000 - 540,000; Full time

Benefits offered by this job

Medical aid and retirement provisions

Remote work flexibility

Career development opportunities

Job summary

Placements24 is seeking a diligent Credit Risk Analyst for a remote role in South Africa. You will assess borrowers' creditworthiness and analyze financial statements and credit reports to guide lending decisions.

Key responsibilities include setting credit limits and loan terms, monitoring portfolio risk, preparing reports for loan committees, and ensuring compliance with credit policies. This position offers remote work flexibility, competitive benefits, and opportunities for professional

Qualifications

• Bachelor's degree in Finance, Economics, Accounting, Mathematics, or related field.
• 1-3 years of experience in credit analysis, risk management, or related financial role.
• Strong understanding of financial statement analysis, accounting principles, and credit risk assessment techniques.
• Proficiency in Microsoft Excel for data analysis and financial modeling.
• Excellent analytical, problem-solving, and critical thinking skills.
• Good written and verbal communication skills, with the ability to present findings clearly.
• Ability to work independently and manage time effectively in a remote work environment.
• Familiarity with credit scoring systems and lending platforms is a plus.

Responsibilities

• Analyze financial statements, credit histories, and other relevant data to assess the credit risk of individuals and businesses.
• Develop and recommend appropriate credit limits, loan terms, and collateral requirements based on risk assessments.
• Monitor the credit performance of the existing loan portfolio, identifying early warning signs of default.
• Prepare detailed credit reports and memos for loan committees and senior management.
• Ensure compliance with the company's credit policies, procedures, and regulatory requirements.
• Utilize credit scoring models and other analytical tools to evaluate borrower risk.
• Collaborate with sales and operations teams to provide support on credit-related matters.
• Stay informed about economic trends and industry developments that may impact credit risk.

Skills

Excel for data analysis

Financial statement analysis

Credit risk assessment

Analytical thinking

Education

Bachelor's degree in Finance/ Economics/ Accounting/ Mathematics

Tools

Credit scoring systems

Lending platforms

Job description

About the Role

Our client, a dynamic and growing financial services company, is seeking a diligent Credit Risk Analyst to join their team. This role is critical in assessing the creditworthiness of potential borrowers and managing the credit risk portfolio. You will be responsible for analyzing financial statements, credit reports, and market data to make informed lending decisions and recommendations. This is a remote position, offering the flexibility to work from anywhere while contributing to the financial health and stability of our organization within South Africa . You will play a key role in mitigating potential losses and ensuring responsible lending practices.

Key Responsibilities

• Analyze financial statements, credit histories, and other relevant data to assess the credit risk of individuals and businesses.
• Develop and recommend appropriate credit limits, loan terms, and collateral requirements based on risk assessments.
• Monitor the credit performance of the existing loan portfolio, identifying early warning signs of default.
• Prepare detailed credit reports and memos for loan committees and senior management.
• Ensure compliance with the company's credit policies, procedures, and regulatory requirements.
• Utilize credit scoring models and other analytical tools to evaluate borrower risk.
• Collaborate with sales and operations teams to provide support on credit-related matters.
• Stay informed about economic trends and industry developments that may impact credit risk.

Requirements

• Bachelor's degree in Finance, Economics, Accounting, Mathematics, or a related field.
• 1-3 years of experience in credit analysis, risk management, or a related financial role.
• Strong understanding of financial statement analysis, accounting principles, and credit risk assessment techniques.
• Proficiency in Microsoft Excel for data analysis and financial modeling.
• Excellent analytical, problem-solving, and critical thinking skills.
• Good written and verbal communication skills, with the ability to present findings clearly.
• Ability to work independently and manage time effectively in a remote work environment.
• Familiarity with credit scoring systems and lending platforms is a plus.

Benefits

• Our client offers a competitive salary, performance incentives, and a comprehensive benefits package including medical aid and retirement contributions.
• As a remote position, you will enjoy the benefits of working from home, coupled with opportunities for professional development and career advancement within a growing financial institution.
• This role offers a fantastic opportunity to build expertise in credit risk analysis.