Credit Risk Specialist
4 weeks ago
The primary objective of this role is to provide a comprehensive and quality credit risk function by analyzing client business, financial statements, and management accounts to make informed recommendations on new and existing accounts.
Key Responsibilities:- Record new account information in the new accounts register within 3 hours of receipt of documents;
- Update new accounts register daily with the progress of the account;
- Conduct discussions with Commercial teams to understand client requirements;
- Review all documents received, including Business Applications, STCs, company documents, and motivation;
- Ensure legal review and approval for amended STCs;
- Obtain necessary credit bureau reports, trade references, and general research on the client;
- Prepare ratios on the Credit Report Assessment document for Audited Financial Statements;
- Visit clients to review financials at their premises;
- Complete the process within 1 to 2 days and review with the GCM;
- Request AFS and/or guarantee for high-risk accounts after discussion with the GCM;
- Ensure monthly re-vett schedule completion and necessary account reviews;
- The same process as new accounts is followed, with the addition of payment history over the last 6 months to a year depending on payment terms;
- Meet with individual division's GMs/Commercial teams weekly to understand upcoming accounts and resolve issues;
- Once approved, create client accounts on BOS, SAP, or CW, inputting all client information correctly;
- Upload all documents to the Risk Share folder once opened on the system;
- Prepare internal and external letters notifying everyone of the account being opened;
- Ensure filing is up to date with all client applications and documents;
- Follow POPI guidelines;
- Carry out duties of colleagues as requested by Management during leave or peak periods;
- Adhere to all Company policies and procedures.
The successful candidate will require a degree, preferably BCom or BTech, and Credit Management 4 or 5 qualification.
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