Credit Specialist

2 weeks ago

Cape Town, Western Cape, South Africa Status Staffing Full time

A recent professional profile photo is to accompany your application
EMPLOYMENT TYPE : Permanent
SECTOR : Finanace
BASIC SALARY : R50 000
START DATE : A.S.A.P / Immediate

REQUIREMENTS:
  • 2-3 years of experience working in the financial services and/or lending industry
  • Proficiency in using data analysis tools (e.g., Excel) and credit risk management software to streamline the credit evaluation process. (Applying expertise and technology)
  • Honours degree in Finance / Accounting / Mathematics or related
  • Preferred: CA(SA)/ACCA/CIMA

DUTIES:
  • Review and analyse credit applications from customers (business), to determine their creditworthiness based on scorecard models and established risk criteria which includes quantitative and qualitative information
  • Conduct financial analysis for large loans, assessing the creditworthiness of applicants by examining financial statements, credit reports, and other relevant data sources
  • Evaluate risk factors associated with each credit application and make well-informed decisions on the appropriate credit limit, interest rate, and other relevant terms
  • Ensure strict adherence to the credit policy and credit processes to maintain regulatory compliance and minimize risk exposure
  • Continuously evaluate and refine the credit granting processes with a strong emphasis on enhancing efficiency and reducing turnaround times, all while staying within the established credit risk appetite
  • Facilitate alignment among reviewers and foster effective communication between reviewers and analysts through thorough quality reviews, constructive feedback, and comprehensive training initiatives. This collaborative approach ensures consistency and accuracy in credit assessments
  • Provide input into monthly reviewer schedules and ensure sufficient capacity to review loan applications
  • Regular Catch-Up Meetings with the Analyst Lead: Holding regular catch-up meetings with the Analyst team leader to identify training needs focused on enhancing their understanding of financial statements and management accounts
  • Monitoring the performance of existing loans in the portfolio
  • Provide input for the monthly credit reporting, focusing on portfolio quality, delinquencies, and credit risk exposure
  • Conduct comprehensive reviews of defaulted loans to identify trends and risks that can help improve and refine credit criteria
  • Ensuring diligent quality monitoring of reviews to guarantee compliance with credit policy and processes, maintaining alignment and consistency
  • Design and maintain the training induction program tailored for new Reviewers
  • Oversee the onboarding process and provide comprehensive training and continuous on-the-job support for new Reviewers
  • Conduct follow-up training sessions with new Reviewers to ensure adherence to the proper review process and identify any additional training needs before training sign-off
  • Keep the training manual for new Reviewers up to date and ensure that it reflects the latest practices and information
  • Offer guidance and mentorship to Loan Analysts, particularly in understanding financial statements, management accounts, and SARS liabilities for high-value applications
  • Contribute to monthly workshops aimed at facilitating knowledge exchange and feedback between the Analyst and Reviewer teams
  • Provide guidance to ensure adherence to standards will be an essential part of these sessions
  • Ensuring continuous financial upskilling of team members, both new and existing, is a key priority in your role
  • Manage all administrative aspects related to training, such as maintaining training registers and updating training manuals, to ensure an organized and effective training process
  • Stay up-to-date with industry trends, best practices, and emerging technologies in credit risk management, and share knowledge within the team
  • Contribute to ongoing process improvement initiatives, including refining credit scoring models, automating processes, and enhancing data analytics capabilities
  • Collaborate with cross-functional teams, including sales, operations, legal and business development teams to optimize credit processes and enhance overall credit risk management strategies
  • Maintain a customer-centric approach while managing credit-related inquiries and providing support to internal and external stakeholders
HOURS:
  • Mon – Fri: 08:00 – 17:00

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