Credit Analyst

Absa Group; Stellenbosch; On-site; ZAR 400 000 - 600 000; Full time

Job summary

A leading bank in South Africa is seeking a Credit Risk Analyst to conduct specialized credit assessments and enhance decision-making processes related to credit. The role involves financial analysis, risk management, and collaboration with sales teams to ensure compliance with credit policies. Candidates should possess a Bachelor's degree and relevant experience in credit risk, along with strong analytical and computer skills.

Qualifications

• Bachelor’s Degree or Advanced Diploma in relevant fields required.
• Five or more years of relevant experience in credit risk assessment.
• Strong computer skills, especially with Microsoft Office.

Responsibilities

• Conduct in-depth credit assessments and risk analyses on potential clients.
• Monitor client performance for risk indicators and perform formal reviews.
• Collaborate with Product Industry Specialists for client solutioning.

Skills

Financial Analysis

Risk Management

Planning and Organizing

Working with People

Writing and Reporting

Entrepreneurial and Commercial Thinking

Education

Bachelor’s Degree or Advanced Diploma in Business, Commerce, Management Studies, or Credit Risk

Tools

Microsoft Excel

Job description

Empowering Africa’s tomorrow, together…one story at a time.

With over 100 years of rich history and a strong position as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of an exciting growth journey, to reset our future, and shape our destiny as a proudly African group.

Job Summary

The purpose of this role is to conduct in-depth, specialized, and quality credit assessments and risk analyses on potential clients and the Commercial Portfolio. The goal is to enhance decision-making processes related to the bank's appetite for extending credit. This includes financial analysis, interpretation, and capturing client information such as company financial statements and qualitative data.

Job Description

Risk Management

• Monitor client performance continuously for risk indicators and perform formal reviews at specified intervals to identify changes in the client's business or operating environment.
• Ensure adherence to covenants and conditions, discuss deviations with the Sales team, and escalate issues to Line Management and Credit if necessary.
• Follow ARMS credit requirements as per the Absa credit policy and report boundary events related to Operational Risk.
• Collaborate with Product Industry Specialists to assist in client solutioning and credit application processes.
• Identify high-risk clients requiring meetings between Credit and Business Support.
• Request updated property valuations for security facilities as per credit policies.
• Manage and communicate risks associated with outstanding securities.
• Proactively identify problematic or high-risk clients and advise Credit accordingly, implementing loss prevention measures.
• Manage the collection of financial statements as stipulated in credit policies.
• Handle daily Odex, Referrals, REPL, and REPC processes, contacting clients on referral lists for rectification.

Credit Management

• Explore innovative solutions for client credit requirements.
• Ensure full compliance with the bank’s credit policies and address any breaches appropriately.
• Provide necessary reports and codes for clients.
• Proactively manage credit risks within the client portfolio.
• Manage the deal forum process to submit quality applications with sustainable credit solutions.

Portfolio Financial and Operational Management

• Prepare reviews, amendments, and new applications for lending authorities.
• Issue facility letters post-review and new facility approval.
• Send reminder letters for expiring facilities as per policy timelines.
• Contribute to non-interest income through recovery of manual fees.
• Use Credit Risk Models (e.g., Agri, Public Sector, RiskCalc, Triad) to analyze client financials.
• Provide Default Grading outputs and ensure accurate data entry in risk models.

Client Solutioning and Customer Service

• Identify cross-sell opportunities based on financial analysis and industry trends.
• Participate in sales best practices, providing credit input and monitoring sales progress.
• Research industry trends to understand profitability and market position of clients.

Teamwork and Self Development

• Attend team meetings, contribute ideas, and foster a collaborative environment.
• Develop supportive relationships with colleagues and maintain contacts with specialists across banking groups.
• Stay updated on regulatory changes through training and self-development.
• Align personal performance with ABSA’s values and vision.

Competencies:

• Planning and Organizing
• Working with People
• Writing and Reporting
• Financial Analysis
• Applying Expertise and Technology
• Entrepreneurial and Commercial Thinking
• Persuading and Influencing

Minimum Qualifications/Requirements

• Bachelor’s Degree or Advanced Diploma in Business, Commerce, Management Studies, or Credit Risk with five or more years of relevant experience.
• Strong computer skills, especially with Microsoft Office, notably Excel.

Education

Bachelor’s Degree or Advanced Diploma in Business, Commerce, and Management Studies (Required)

Absa Bank Limited is an equal opportunity employer. In line with the Employment Equity Act 55 of 1998, preference will be given to candidates from designated groups to promote workforce diversity.

Absa Bank Limited reserves the right not to fill the position as advertised.