Credit Risk Analyst

Interdot Solutions; Johannesburg; On-site; ZAR 450 000 - 600 000; Full time

Job summary

A fintech company in Johannesburg is looking for a Credit Risk Analyst to manage and oversee distressed exposures in affordable housing products. The ideal candidate will handle non-performing loans, develop strategies for rehabilitation, and ensure compliance with policies. Required qualifications include a postgraduate degree in finance and at least 5 years of relevant experience. This role demands strong analytical skills and effective communication in dealing with clients and stakeholders.

Qualifications

• Minimum 5 years experience in turnaround, restructuring, and workout environments.
• Knowledge of IFRS reporting standards and corporate governance.
• Familiarity with insolvency law NCR and NCA, and related legislation.

Responsibilities

• Oversee and manage distressed exposures related to affordable housing products.
• Manage non-performing loans and establish appropriate recovery solutions.
• Develop strategies for rehabilitating troubled loans.
• Engage with clients to ensure recoverability of non-performing investments.
• Support Credit Risk Manager in investment risk assessment processes.

Skills

Analytical Skills

Communication Skills

Risk Management

Attention to Detail

Teamwork

Work under pressure

Quality Management/Assurance

Education

Postgraduate qualification in Finance

Master's degree in Insolvency/CA (SA)/LLB/MBA or related field

Job description

The Credit Risk Analyst primarily tasked with overseeing and managing of distressed exposures that encompasses various company affordable housing products. This comprehensive role revolves around several core functions aimed at optimizing the performance and sustainability of companie's development finance exposures. The role entails ensuring that where company loans are non-performing, that the risk of default continuing, or losses being experienced are minimised and client engagement to ensure recoverability of the company non-performing exposure investments. This involves financial analysis, negotiation, and problem-solving with the amin of mitigating losses and maximize recoveries. The role is also responsible for assessing and developing strategies to rehabilitate troubled loans, negotiate with borrowers, and minimize potential losses for the companie's development finance portfolio, as well as overseeing the collection process from non-performing borrowers. The role involves supporting the Credit Risk Manager in non-performing loans and investment risk assessment processes, ensuring compliance with policies, and facilitating presentations to sanctioning committees.

Duties:

• Manage non-performing loans by reviewing and assessing turnaround/workout alternatives and solutions to ensure that the most financially acceptable and appropriate recovery solution is found for the company.
• Establish, communicate and facilitate the use of appropriate turnaround and risk methodologies, tools and techniques for distressed and non-performing clients.
• Provide inputs on the design and implementation of turnaround/recovery management solutions in order to build a sound platform for the recovery of the company non-performing loans.
• Credit restructuring, improved collections rate and workout.
• Analyse financial statements to develop initial assessment by identifying strengths and weakness pertaining to borrowers historical performance with a view to how to turn the default around.
• Prepares written analyses, which includes recommendations on how to structure the debt in a way that the NHFC can be assured of recovering the amounts outstanding together with an appropriate return.
• Attends Credit committee meetings to present and be available to answer questions regarding the recommendation around recommendations.
• Intensive servicing of clients with a high probability of default
• Developing tight monitoring of accounts classified as non-performing
• To develop set of measures in consultation with Turnaround and Collections Manager to ensure that the account/ project is turned around to performing status.
• Negotiate with borrowers, legal counsel, and other stakeholders involved in the workout process

Qualifications Minimum Requirement:

• Postgraduate qualification in Finance Preferred Requirement: advanced qualifications including Master's degree in Insolvency/ CA (SA), LLB, MBA or a related field

Experience:

• 5 years experience in Turnaround, restructuring and workout environment/ structured Credit/ development finance/Corporate finance.
• Knowledge of IFRS reporting standards, Corporate Governance, insolvency law NCR and NCA, and related legislation.

Job Specific Competencies:

• Analytical Skills, Communication Skills, Risk Management, restructuring, turnaround and workout Attributes:
• Attention to Detail, Teamwork, Professionalism, Work under pressure, and Quality Management/Assurance