Reference: PC001562-RC-2
Our client based in Durbanville is looking for a Credit Specialist with 2 – 3 years experience in the financial services/ lending industry to join their team.
Duties & Responsibilities
EMPLOYMENT TYPE: Permanent
SECTOR: Finance
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.
- 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.
- 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.
- Facilitate alignment among reviewers and foster effective communication between reviewers and analysts through thorough quality reviews and comprehensive training initiatives.
- Provide input into monthly reviewer schedules and ensure sufficient capacity to review loan applications.
- Regular catch-up meetings with the Analyst Lead to identify training needs focused on enhancing understanding of financial statements.
- Monitor 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.
- Ensure diligent quality monitoring of reviews to guarantee compliance with credit policy and processes.
- 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.
- Keep the training manual for new Reviewers up to date.
- Offer guidance and mentorship to Loan Analysts, particularly in understanding financial statements and management accounts.
- Contribute to monthly workshops aimed at facilitating knowledge exchange between the Analyst and Reviewer teams.
- Ensure adherence to standards during these sessions.
- Ensure continuous financial upskilling of team members is a key priority.
- Manage all administrative aspects related to training, such as maintaining training registers.
- Stay up-to-date with industry trends, best practices, and emerging technologies in credit risk management.
- Contribute to ongoing process improvement initiatives.
- Collaborate with cross-functional teams to optimize credit processes.
- Maintain a customer-centric approach while managing credit-related inquiries.
HOURS: Should you meet all the requirements, apply on our website at today. Should you not hear back from us within 10 working days, please consider your application as unsuccessful. We will retain your credentials for future similar roles.
Package & Remuneration
R50 000
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