Credit Risk Manager

2 months ago


Midrand, Gauteng, South Africa Kontak Recruitment Full time
About the Role

We are seeking a highly skilled Credit Risk Manager to join our dynamic team at Kontak Recruitment. As a Credit Risk Manager, you will play a critical role in providing innovative financial solutions to small and medium-sized enterprises (SMEs).

Key Responsibilities
  • Implement loan origination strategies with the lending team to ensure effective credit decision-making.
  • Review and recommend credit applications within assigned credit limits, providing independent and objective reviews and recommendations.
  • Ensure due diligence and adherence to company policies before submitting loan applications to senior management.
  • Write clear and concise credit memos or announcements to communicate credit perspectives.
  • Collaborate with Loan Officers to gather necessary information and ensure proper deal structuring.
Monitoring and Collections
  • Monitor loans post-disbursement to ensure compliance with guidelines.
  • Oversee and implement timely collection activities to minimize bad debts.
Reporting
  • Prepare regular reports (weekly, monthly, quarterly, semi-annual, annual) on lending activities for senior management.
  • Generate reports for the Board and external stakeholders as required.
Policy Development and Improvement
  • Support Loan Officers in maintaining client and stakeholder satisfaction.
  • Address and resolve issues escalated by Loan Officers.
  • Contribute to the development and implementation of SME lending guidelines and policies.
  • Monitor market conditions and suggest enhancements to existing policies.
  • Assess regulatory impacts on current policies and make necessary adjustments.
Requirements
  • Bachelor's Degree or Diploma in Business or a related field.
  • 3 or more years of experience in SME lending.
  • Experience in additional SME support services is a plus.
  • Strong credit judgment and the ability to articulate complex credit applications.
  • Proficiency in financial statement analysis and SME lending practices.
  • Experience with lending software is preferred.


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