Senior Credit Analyst

Placements24; Benoni; On-site; ZAR 600,000 - 900,000; Full time

Benefits offered by this job

Competitive salary

Medical aid

Retirement annuity

Professional development

Job summary

Placements24 in Benoni seeks a Senior Credit Analyst to join our credit team. You will assess creditworthiness, prepare reports, and monitor loan portfolios to minimize risk.

Collaboration with loan officers, underwriters, and management is essential in a fast-paced banking environment. The role requires 5+ years in credit analysis, strong analytical skills, and thorough knowledge of lending principles and regulations.

Qualifications

• Bachelor's degree in Finance, Accounting, Economics, or related field.
• Minimum 5 years of experience in credit analysis or risk management.
• Strong understanding of financial statement analysis, cash flow forecasting, and ratio analysis.
• Knowledge of credit lending principles and regulations.
• Excellent analytical, problem-solving, and critical thinking skills.
• Proficiency in credit analysis software and MS Office; Excel is essential.
• Effective written and verbal communication skills.
• Ability to work independently and manage a demanding workload in a fast-paced environment.
• Detail-oriented with a high degree of accuracy.
• Must be based in or able to commute to Benoni, Gauteng.

Responsibilities

• Analyze financial statements, credit reports, and other relevant data to assess credit risk.
• Prepare comprehensive credit reports and recommendations for loan approvals or rejections.
• Monitor the credit performance of existing loan portfolios, identifying potential risks and issues.
• Develop and refine credit scoring models and risk assessment tools.
• Ensure compliance with internal credit policies and external regulatory requirements.
• Communicate credit decisions and rationale clearly to loan officers and management.
• Conduct site visits or client meetings when necessary to gather additional information.
• Stay updated on industry trends, economic conditions, and regulatory changes affecting credit risk.
• Assist in the training and mentoring of junior credit analysts.
• Contribute to the development and improvement of credit policies and procedures.

Skills

Analytical thinking

Credit risk assessment

Financial statement analysis

Cash flow forecasting

Ratio analysis

Written & verbal communication

Independent work

Detail oriented

Education

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

Tools

Credit analysis software

MS Office (Excel)

Job description

About the Role

Our client, a respected financial institution in Benoni, Gauteng , is seeking a highly skilled and analytical Senior Credit Analyst to join their dedicated credit department. This role is essential for assessing the creditworthiness of individuals and businesses, ensuring sound lending practices and minimizing risk exposure. The successful candidate will possess a strong understanding of financial analysis, risk assessment methodologies, and regulatory requirements within the banking sector. This is a vital office-based position, requiring close collaboration with loan officers, underwriters, and other key stakeholders within the vibrant financial community of Benoni .

Key Responsibilities

• Analyze financial statements, credit reports, and other relevant data to assess credit risk.
• Prepare comprehensive credit reports and recommendations for loan approvals or rejections.
• Monitor the credit performance of existing loan portfolios, identifying potential risks and issues.
• Develop and refine credit scoring models and risk assessment tools.
• Ensure compliance with all internal credit policies and external regulatory requirements.
• Communicate credit decisions and rationale clearly to loan officers and management.
• Conduct site visits or client meetings when necessary to gather additional information.
• Stay updated on industry trends, economic conditions, and regulatory changes affecting credit risk.
• Assist in the training and mentoring of junior credit analysts.
• Contribute to the development and improvement of credit policies and procedures.

Requirements

• Bachelor's degree in Finance, Accounting, Economics, or a related field.
• Minimum of 5 years of experience in credit analysis, risk management, or a related banking role.
• Strong understanding of financial statement analysis, cash flow forecasting, and ratio analysis.
• Knowledge of credit lending principles and regulations.
• Excellent analytical, problem-solving, and critical thinking skills.
• Proficiency in credit analysis software and MS Office Suite, particularly Excel.
• Effective written and verbal communication skills.
• Ability to work independently and manage a demanding workload in a fast-paced environment.
• Detail-oriented with a high degree of accuracy.
• Must be based in or able to commute to Benoni, Gauteng .

Benefits

Our client offers a competitive annual salary of R , commensurate with experience. The benefits package includes comprehensive medical aid, a retirement annuity fund, opportunities for professional development and certifications, and a supportive work environment. This role in Benoni provides a stable and rewarding career path within a respected financial institution.