Credit Risk Analyst

Placements24; Vereeniging; Hybrid; ZAR 420,000 - 640,000; Full time

Benefits offered by this job

Health insurance

Retirement plan

Training opportunities

Hybrid work

Job summary

Placements24 in Vereeniging seeks a meticulous Credit Risk Analyst to assess creditworthiness and protect the institution from losses. You will analyze financial data, model risk, and support credit policy development, with a focus on accuracy and prudent risk-taking.

The role requires a Bachelor's degree in Finance/Economics/Statistics, at least 3 years in credit analysis or risk management, strong Excel skills, and clear communication.

Qualifications

• Bachelor's degree in Finance, Economics, Statistics, or a related quantitative field.
• Minimum of 3 years of experience in credit analysis, risk management, or a similar role.
• Strong understanding of financial analysis, risk assessment techniques, and credit principles.
• Proficiency in data analysis software and MS Excel.
• Excellent analytical, problem-solving, and communication skills.

Responsibilities

• Analyze financial statements, credit reports, and other financial data to assess the risk associated with loan applicants.
• Develop and maintain credit scoring models and risk assessment methodologies.
• Monitor the credit quality of the loan portfolio and identify potential areas of concern.
• Make recommendations on credit limits, loan approvals, and appropriate collateral.
• Prepare detailed reports on credit risk exposure and trends for management review.

Skills

Financial analysis

Credit risk assessment

Excel proficiency

Data analysis software

Communication skills

Education

Bachelor's degree in Finance, Economics, or related field

Job description

About the Role

Our client, a significant player in the financial sector located in Vereeniging, is looking for a meticulous Credit Risk Analyst. This role is fundamental to assessing and managing the creditworthiness of clients, thereby protecting the institution from potential financial losses. You will analyze financial data, evaluate loan applications, and contribute to the development of credit policies. This is a critical position within the robust financial ecosystem of Gauteng, requiring sharp analytical skills and a deep understanding of risk management principles.

Key Responsibilities

• Analyze financial statements, credit reports, and other financial data to assess the risk associated with loan applicants.
• Develop and maintain credit scoring models and risk assessment methodologies.
• Monitor the credit quality of the loan portfolio and identify potential areas of concern.
• Make recommendations on credit limits, loan approvals, and appropriate collateral.
• Prepare detailed reports on credit risk exposure and trends for management review.

Requirements

• Bachelor's degree in Finance, Economics, Statistics, or a related quantitative field.
• Minimum of 3 years of experience in credit analysis, risk management, or a similar role.
• Strong understanding of financial analysis, risk assessment techniques, and credit principles.
• Proficiency in data analysis software and MS Excel.
• Excellent analytical, problem-solving, and communication skills.

Benefits

• Competitive salary and performance-related incentives.
• Hybrid work arrangement offering a blend of office and remote work flexibility.
• Comprehensive health insurance and retirement plan options.
• Access to ongoing training and professional development opportunities.
• A collaborative environment in Vereeniging with opportunities for growth.