Credit Manager
4 weeks ago
Our client in Gauteng, Midrand is looking for a Credit Manager.
POSITION INFO:
Job Purpose & Summary: Reporting to the Managing Director, the Credit Manager will have the overall responsibility for the credit/lending function.
Key areas of responsibility include the following:
- Making sound credit decisions in line with the company's risk appetite, tolerances, policies, procedures, and guidelines.
- Developing and maintaining strong relationships with both the internal team and external partners to ensure stakeholder satisfaction.
- Monitoring market conditions and any regulatory changes that would require changes to credit policies, procedures, and guidelines.
Key Accountabilities & Duties:
- Loan origination and processing:
- Implement loan origination strategies with the lending team.
- Review and recommend credit applications and transactions within assigned credit limits in a timely manner.
- Provide independent, objective reviews and recommendations to credit applications and other matters agreed to and/or recommended by the Loan Officers.
- Review all loan applications and sign off prior to submission to senior management to ensure the completion of due diligence and adherence to the company's policies and guidelines.
- Provide motivation for recommendations on credit transactions/applications and communicate effectively with Loan Officers to ensure rationale and decision is clearly understood.
- Write succinct credit memos or credit announcements to communicate credit perspective and rationale for new credits and credit extensions.
- Communicate with Loan Officers about specific credit applications and transactions to seek further information and modifications, if needed.
- Discuss appropriate structuring for the deal and criteria required for approval.
- Ensure that all information is credible, accurate, and relevant, including analysis and evaluation of the technical aspects (e.g., financial analysis, credit terms, structure, and collateral).
- Review approval letters and loan agreements to ensure credit terms and conditions are recorded.
- Review and recommend disbursements according to policies and guidelines to ensure lending conditions are met.
- Support the healthy and sustainable growth of a profitable loan portfolio by ensuring the credit granting and implementation is within the company's prescribed asset quality standards.
- Maintain records of loan applications.
- Actively monitor loans after disbursement according to guidelines and policies.
- Oversee collections and implement collection activities timeously.
- Weekly, monthly, quarterly, semi-annual, and annual reporting to senior management on lending activities.
- Prepare reports for Board and external stakeholders.
- Support Loan Officers to ensure client and other stakeholder satisfaction.
- Respond to and resolve escalated issues raised by the Loan Officer.
- Contribute to the development and implementation of sound SME lending guidelines and policies.
- Monitor market conditions and make recommendations for enhancements to existing policies, procedures, and guidelines.
- Assess the impact of regulatory changes to existing policies, procedures, and guidelines.
- Provide support in strategic projects, policy, and process improvement initiatives related to the business.
Occupational Experience & Education Requirements:
- Bachelor's Degree or diploma in business or a related field.
- Minimum 5 years SME lending experience is required.
- Additional SME support services experience is considered advantageous.
Knowledge, Skills & Attributes:
- Sound credit judgement.
- Ability to understand the risk-return trade-off and come up with well-thought-out solutions to mitigate credit risk.
- Ability to articulate complex credit applications into succinct and balanced recommendations.
- Understanding of commitment letters and other legal documents from a credit perspective.
- Financial Statement analysis experience.
- Understanding of SME lending practices and end-to-end credit process.
- Analytical skills and attention to detail.
- Problem-solving capabilities and excellent organizational and time management skills.
- Proficiency with MS Office Suite of products.
- Must have a valid Driver's License.
- Experience working with lending software.
We're a fund manager with 12 months operations focusing on the SME space only. We offer two products, purchase order funding and invoice discounting. We're looking for a Credit Manager to run the lending operations of our growing business. We have a preference for candidates that have purchase order and invoice discounting experience. Our operations are across the country, but the Credit Manager will be based in Johannesburg, Midrand with travel once or twice monthly to the operating offices. The budget for the role is R, – R, annual total cost to company before 10-20% annual bonus on achievement of targets.
#J-18808-Ljbffr-
Strategic Director of Export Credit Insurance
2 weeks ago
Pretoria, Gauteng, South Africa Export Credit Insurance Corporation Full timeStrategic Leadership RoleExport Credit Insurance Corporation seeks a visionary leader to drive the organization's success as its President and Chief Executive.The ideal candidate will possess exceptional leadership skills, with a proven track record in business development, strategic planning, and team management.Key responsibilities include determining the...
-
Credit Manager
2 weeks ago
Pretoria, Gauteng, South Africa Land Bank Careers Full timeLand Bank is South Africa's only specialist agricultural bank established to serve South African commercial and emerging farmers and bring specially designed financial services within their reach.These services enable farmers to finance land, equipment, improve assets, and obtain production credit.The Land Bank provides financial services that have moved...
-
Credit Manager
4 weeks ago
Pretoria, Gauteng, South Africa Talent Evolution Full timeReporting to the Managing Director, the Credit Manager will have the overall responsibility for the credit / lending function.Key areas of responsibility include the following:Making sound credit decisions in line with the company's risk appetite, tolerances, and policies, procedures, and guidelines.Developing and maintaining strong relationships with both...
-
Manager : Credit
4 weeks ago
Pretoria, Gauteng, South Africa Nedbank Full timeRequisition and Specialist Recruiter DetailsREQ - Twanette CoetserClosing Date - 7 AprilCluster and LocationTotal Business Banking and Retail - Credit Value Management - GautengSandton, GautengCareer StreamCredit ManagementLeadership PipelineManage Self : ProfessionalManager : CreditJob PurposeThe Credit Manager's objective is to assess and evaluate the...
-
Credit Manager
2 weeks ago
Pretoria, Gauteng, South Africa Network Finance. Full timeGroup Credit ManagerReference: NFU-KM-1One of my leading global FMCG clients has an opportunity for a seasoned Group Credit Manager to head up the Group Credit department.Duties & ResponsibilitiesJob & Company Description: My client has been in operation for nearly a century and prides itself on the production and distribution of varied fast moving consumer...
-
Credit Manager
4 weeks ago
Pretoria, Gauteng, South Africa Communicate Finance Full timeReference : CMF-TKL-1Do you have extensive knowledge and experience within the Credit space? Do you have a solid understanding of Debtors along with people management experience? Look no further as I would like to assist you in finding the perfect role for youDuties & ResponsibilitiesManage the credit teamPerform credit risk managementDebt collectionEnsure...
-
Credit Management Specialist
4 days ago
Pretoria, Gauteng, South Africa beBee Careers Full timeCredit Management plays a crucial role in maintaining an organization's financial health.The Credit Controller will oversee the management of customer debts and new credit requests, ensuring timely payment of receivables. This involves proactively managing and collecting payments from customers, conducting periodic credit checks, and setting up master data...
-
Manager : Provincial Credit
2 weeks ago
Pretoria, Gauteng, South Africa Capitec Bank Ltd. Full timeWe're on the lookout for energetic, self-motivated individuals who share our passion for service in the banking industry.To be part of the journey, follow the steps below:To see what life at Capitec is all about and complete a short assessment, please click hereOnce you have completed the above, finalize your application by clicking apply...
-
Manager : Provincial Credit
4 weeks ago
Pretoria, Gauteng, South Africa Capitec Bank Full timePurpose StatementTo evaluate and manage the credit and associated risks within an allocated portfolio in Business Bank through leading, driving and inspiring a team of Credit and Senior Credit Managers responsible for providing credit support, from origination and assessment, on an Intuitive basis, to ongoing risk management. To integrate and manage the...
-
Manager, Credit Evaluation
1 week ago
Pretoria, Gauteng, South Africa Standard Bank Of South Africa Limited Full timeBusiness Segment : Personal & Private BankingLocation : ZA, Gauteng, Rosebank, 30 BakerAs our Manager of Credit Evaluation, you will:Manage a diverse portfolio of counterparty credit risks within acceptable parametersLead and develop a team of credit analysts, ensuring high-quality risk assessmentsAnalyse and interpret complex financial data, providing clear...