Credit Risk Analyst

Credit Link Placements; Johannesburg; On-site; ZAR 200,000 - 300,000; Full time

Job summary

An established industry player is seeking a diligent credit risk analyst to enhance their credit assessment processes. In this role, you will analyze client financials, manage new and existing accounts, and collaborate with commercial teams to ensure thorough evaluations. Your expertise will contribute to informed recommendations on credit approvals, while adhering to company policies and maintaining accurate documentation. If you have a passion for finance and a keen eye for detail, this opportunity offers a chance to make a significant impact in a dynamic environment.

Qualifications

• Degree in Commerce or Technology with Credit Management certification.
• Strong analytical skills in assessing credit risk and financial statements.

Responsibilities

• Assess and mitigate credit risk through comprehensive analysis.
• Record and update new account information promptly.
• Review and prepare financial ratios for credit assessments.

Skills

Credit Risk Analysis

Financial Statement Analysis

Client Relationship Management

Attention to Detail

Education

BCom Degree

BTech Degree

Credit Management Level 4 or 5

Tools

BOS

SAP

CW

Job description

The overall purpose of the job is to assess and mitigate risk by carrying out a comprehensive and quality credit risk function by analyzing the client's business, financial statements, and management accounts in order to provide a recommendation on new accounts and existing accounts annually.

Responsibilities:

• Record new account information in the new accounts register within 3 hours of receipt of documents;
• Update new accounts register daily with the progress of the account;
• Have a discussion with a Commercial person to understand the requirements of the client;
• Review all the documents received – Business Application, STCs, company documents, and motivation;
• If STCs are amended, ensure legal has reviewed and given the go-ahead;
• Obtain the necessary credit bureau reports, trade references, and general research on the internet for the client;
• If Audited Financial Statements are received, prepare the necessary ratios on the Credit Report Assessment document;
• Visit clients as financials may need to be reviewed at the client premises;
• Process should be completed within 1 to 2 days, and then review with the GCM;
• If the risk is high, AFS and/or guarantee is requested once discussed with the GCM;
• Ensure the monthly re-vett schedule is completed, and the necessary accounts are reviewed.
• For Existing Clients: The same process as new accounts is followed, but adding in the payment history over the last 6 months to a year depending on the payment terms;
• Meet with the individual division's GM's / Commercial teams weekly to understand what is coming on board and sort out any underlying issues;
• Once the account has been approved, create the client accounts on BOS, SAP, or CW inputting all client's correct information;
• Once opened on the system, all documents need to be uploaded to the Risk Share folder;
• Prepare internal and external letters notifying everyone of the account being opened;
• Ensure filing is up to date with all client's applications and documents;
• Ensure POPI is followed;
• Carry out the duties of colleagues as requested by Management whilst the colleagues are on leave or during peak periods;
• Ensure that you know and adhere to all Company policies and procedures.

Minimum Requirements:

The successful candidate will need to be qualified with a degree, BCom or BTech, as well as Credit management 4 or 5.