Senior Credit Manager

Capitec; Sandton; On-site; ZAR 800,000 - 1,200,000; Full time

Job summary

A major banking institution in Gauteng is looking for a seasoned Credit Manager to evaluate and manage credit risks within an allocated portfolio. The ideal candidate will have 8-10 years of banking experience, including 5 years in credit management, along with a Bachelor's or Honours degree in Commerce or Credit Management. Strong analytical, communication, and relationship management skills are crucial for this role.

Qualifications

• 8-10 years banking experience, 5 in credit.
• Credit Management experience in business and commercial markets.
• Significant experience in preparing and motivating Credit applications.

Responsibilities

• Evaluate and manage credit risks within allocated portfolio.
• Interact with bank areas to drive compliance initiatives.

Skills

Analytical skills

Attention to detail

Communication skills

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

Interpersonal and relationship management skills

Negotiation skills

Numerical reasoning skills

Planning, organizing, 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

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 understanding credit applications and securities
• Legal entities (companies, close corporations, sole proprietorships, etc.) in the commercial market and relevant legislative restrictions and requirements
• Financial Advisory and Intermediary Services Act (FAIS) and the Financial Intelligence Centre Act (FICA)
• Ability to extract, analyze, and apply CRM insights to influence client management strategies

Ideal:

• Knowledge of available products and pricing structures
• Understanding of current taxation laws applicable to clients
• Familiarity with administration processes related to Business Banking transactions
• Financial modeling and analysis, including evaluating trends and complex cash flow cycles

Skills

• Analytical skills
• Attention to detail
• Communication skills
• Computer literacy (MS Word, MS Excel, MS Outlook)
• Interpersonal and relationship management skills
• Negotiation skills
• Numerical reasoning skills
• Planning, organizing, and coordination skills
• Problem-solving skills

Conditions of Employment

• Clear criminal and credit record