Senior Credit Manager

Capitec; Sandton; On-site; ZAR 700 000 - 900 000; Full time

Job summary

A financial institution in South Africa is seeking an experienced professional to evaluate and manage credit risks within a portfolio. The ideal candidate will have extensive banking experience, with a strong focus on compliance and credit management practices. Successful applicants will possess a Bachelor's Degree in Commerce or Credit Management, alongside significant skills in analytical reasoning and financial acumen.

Qualifications

• At least 8-10 years banking experience, 5 of which in credit.
• Credit Management experience across business and commercial markets.
• Working within the requirements of the National Credit Act.

Responsibilities

• Evaluate and manage credit and associated risks within an allocated portfolio.
• Interact with various bank areas to ensure compliance within risk parameters.

Skills

Analytical Skills

Attention to Detail

Communications Skills

Computer Literacy (MS Word, MS Excel, MS Outlook)

Interpersonal & Relationship management Skills

Negotiation skills

Numerical Reasoning skills

Planning, organising and coordination skills

Problem solving skills

Education

Bachelor's Degree in Commerce or Credit Management

Honours Degree in Commerce or Credit Management

Job description

Purpose Statement

• To evaluate and manage the intuitive credit and associated risks within an allocated portfolio in a geographic region; effectively integrating and controlling the credit function by maintaining the quality of credit risks across the portfolio, minimizing the risk of loss through bad debts, while maximizing profits.
• To interact with other areas of the bank, acting as a catalyst in driving changed initiatives in ensuring compliance within agreed risk parameters as set out in the changed strategy.

Experience

Minimum

• At least 8-10 years banking experience, 5 of which in credit
• Credit Management experience across business and commercial markets in the intuitive space as well as the scored lending environment
• Working within the requirements of the National Credit Act and other relevant legislation
• Significant experience in preparing and motivating Credit applications

Ideal

• Experience of managing a portfolio of business customers with a service and financial analysis focus.

Qualifications (Minimum)

• Bachelor's Degree in Commerce or Credit Management

Qualifications (Ideal Or Preferred)

• Honours Degree in Commerce or Credit Management

Knowledge

Minimum

• Business acumen
• Risk management principles and processes
• Project management methods and practices
• Relationship building and management techniques
• Financial management
• Customer relationship management (CRM) principles and techniques
• Knowledge of competitor product offerings/ channels/ operational and marketing tactics.
• Credit principles and practices, including an understanding of credit application, securities
• Legal entities (companies, close corporations, sole proprietorships etc.) in the commercial market and the legislative restrictions and requirements governing these from a financial services perspective.
• Financial Advisory and Intermediary Services Act (FAIS) and the Financial Intelligence Centre Act (FICA).
• Able to extract, analyse and apply CRM insights to influence the client management approach and strategy

Ideal

• Products available and pricing structures
• Current taxation laws as they apply to clients
• A good knowledge of administration processes and procedures pertaining to Business Banking transactions
• Financial Modelling; financial analysis (evaluating and identifying trends), complex cash flow cycles (industry/ sector specific)

Skills

• Analytical Skills
• Attention to Detail
• Communications Skills
• Computer Literacy (MS Word, MS Excel, MS Outlook)
• Interpersonal & Relationship management Skills
• Negotiation skills
• Numerical Reasoning skills
• Planning, organising and coordination skills
• Problem solving skills

Conditions of Employment

• Clear criminal and credit record