Senior Credit Analyst

Placements24; Durban; Hybrid; ZAR 500,000 - 700,000; Full time

Benefits offered by this job

Competitive salary

Health benefits

Retirement annuity

Professional development

Growth opportunities

Job summary

Placements24 in Durban is seeking a diligent and analytical Senior Credit Analyst to bolster the risk management team. You will assess creditworthiness, analyze financial statements, and mitigate credit risks while structuring facilities in compliance with internal policies and regulatory requirements.

The role involves preparing credit memorandums, monitoring portfolios, and collaborating with relationship managers to structure favorable terms.

Qualifications

• Bachelor's degree in Finance, Economics, Accounting or related field.
• 4+ years in credit analysis, risk management or banking.
• Strong financial statement analysis and credit scoring knowledge.
• Excellent written and verbal communication, able to present complex info clearly.
• Proficiency in Excel and credit analysis software.

Responsibilities

• Analyze financial statements, cash flow projections and industry trends to assess credit risk.
• Prepare credit memorandums and recommendations for loan approvals or rejections.
• Monitor loan portfolios for risks and covenant breaches.
• Structure and negotiate credit terms and covenants with relationship managers.
• Ensure compliance with banking regulations and internal credit policies.
• Stay updated on economic conditions affecting credit risk.

Job description

About the Role

Our client is seeking a diligent and analytical Senior Credit Analyst to bolster their risk management team in Durban . In this vital capacity, you will be responsible for assessing the creditworthiness of potential borrowers and existing clients, analyzing financial statements, and mitigating credit risks for the institution. You will play a key role in structuring credit facilities and ensuring compliance with internal policies and regulatory requirements. This is an excellent opportunity to contribute to sound financial practices within a respected financial institution in a coastal city renowned for its economic activity.

Key Responsibilities

• Analyze financial statements, cash flow projections, and industry trends to assess credit risk.
• Prepare detailed credit memorandums and recommendations for loan approvals or rejections.
• Monitor existing loan portfolios, identifying potential risks and covenant breaches.
• Structure and negotiate credit terms and covenants in collaboration with relationship managers.
• Ensure compliance with all relevant banking regulations and internal credit policies.
• Stay abreast of economic conditions and market trends impacting credit risk.

Requirements

• Bachelor's degree in Finance, Economics, Accounting, or a related field.
• A minimum of 4 years of experience in credit analysis, risk management, or a similar banking role.
• Strong understanding of financial statement analysis and credit scoring models.
• Excellent written and verbal communication skills, with the ability to present complex information clearly.
• Proficiency in Microsoft Excel and familiarity with credit analysis software.

Benefits

• Competitive salary commensurate with experience.
• Comprehensive health and wellness benefits.
• Retirement annuity fund.
• Professional development opportunities and support for certifications.
• A collaborative team environment with opportunities for growth within the bank.