Senior Credit Risk Analyst

2 weeks ago

Cape Town, Western Cape, South Africa bp Full time
Location

  • South Africa
  • Cape Town
  • Travel required
  • No travel is expected with this role
  • Job category
  • Finance
  • Relocation available
  • This role is not eligible for relocation
  • Job type
  • Professionals
  • Job code


 RQ06854
  • Experience level
  • Intermediate
Job summary

Entity:

Finance

Job Family Group:

Finance Group

Job Summary:


The Senior Credit Risk Analyst role exists to do appraisals for new and existing customers consistent with Credit Policies and Standards and propose mitigation strategies.

The Credit Risk Analyst also provides assistance and business support to the BPSA Sales teams and monitors customers' transactions against credit limits while ensuring adherence to policies and procedures in the drive for exceptional customer service, operational excellence and compliance.


Key Accountabilities:

Functional

  • Execute routine daytoday credit risk operations to ensure delivery meets customer and business expectations
  • Understand and operate the Global Credit Policy, Group Credit Standard as well as related R&M Credit Processes.
  • Ensure GBS securely stores all information in accordance with the requirement of the policies and standards ensuring compliance with any data privacy requirements.
  • Key contact to Transunion/Experian and other related credit bureaus and control of user access within center
  • Escalation point in GBS Centre for all credit related queries
  • Conduct credit risk evaluations on new and existing customers, establish, update or obtain credit limit approvals for them, interpret financial information to extrapolate risk factors, develop and prepare business cases for escalations and recommendations
  • Perform timely reviews of customer data and the preparation of credit risk recommendations, especially in the case of new customer accounts
  • Serve as the point of contact for escalated issues from team members, customers, embedded credit, finance, sales and BP Legal
  • On a daily basis monitor, track and follow up on customer accounts that are trading over the credit limit or that are overdue, and recommend actions
  • Recommend, for approval, release of customer orders, where customer is nearing credit limit.
  • Recommend to business review of credit limit on basis of history trends of customer (both increase and decrease in credit limits)
  • On a monthly basis prepare an overview of risk categories of portfolios, recommending adjustments to the risk ratings and credit limits based on risk reviews
  • Provide feedback to management and business on high risk customers and recommend adjustments
  • Prepare monthly provision for doubtful debtors and recommend transfers to the doubtful ledger
  • Be liaison between legal and counsel for doubtful debtors including handing over matters to attorneys and maintaining follow up until case closed out.
  • In preparation for monthly provisioning, monitor the daily overdues and recommend provisions in consultation with sales and business on likelihood of recovery.
  • Provide in month feedback to business on potential provisions and liase with business on way forward
  • Continuous review required of customer accounts, thereby allowing the credit analyst to make decisions on the credit worthiness and credit viability of the customer
  • Use information from credit bureaus to flag risk to the business
  • Monitor and maintain securities such as bank guarantees, bank letter of credit, fuel guarantees, etc.
  • Analyze and review daily exception reports
  • Ensure time and accurate data entry, storage, retention and maintenance of all new data and updates, at the same time maintaining data security
  • Prepare monthend and quarterly reporting
  • Prepare monthly PPI's and monitor exceptions
  • Gather data, compile and generate reports as and when necessary and provide commentary on the performance
    Service Management & Continuous Improvement
  • Highlight process gaps and inefficiencies, proactively seek solutions to increase productivity and / or level of service provided.
  • Plan, implement and support operational optimization, continuous improvement and business excellence oriented projects and initiatives. Support the development of a continuous improvement culture throughout immediate teams.
  • Establish and foster strong business relationships with relevant stakeholders and internal business partners.
  • Support Team Leads through the escalation of critical operational, people and performance issues.
    General
  • Handle and monitor internal and external queries
  • Prepare reports and monitor/verify master data
  • Provide key business insights and management information that leverages Process Performance Indicators (PPI's) that include credit limit analysis and monthly reports.
  • Interact with assigned business, customers and Outsourced Service Providers
    Job Holder Requirements:

_ Essential Education_

  • Finance
qualification or related field / equivalent NQF level 5
  • Postgraduate qualification
- _added advantage_

_ Essential Experience_

  • 35 years relevan

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