Opportunity for a experienced Credit Risk Analyst to be responsible for assessing and developing strategies to rehabilitate troubled loans, negotiate with borrowers, and minimize potential losses for the finance portfolio, as well as overseeing the collection process from non-performing borrowers. The role involves supporting the Credit Risk Manager in non-performing loans and investment risk assessment processes, ensuring compliance with policies, and facilitating presentations to sanctioning committees.
Requirements: - Master's degree in Insolvency/ CA (SA), LLB, MBA or a related field
- Postgraduate qualification in Finance
- Advanced qualifications including Master's degree in Insolvency/ CA (SA), LLB, MBA or a related field
- 5 years’ experience in Turnaround, restructuring and workout environment/ structured Credit/ development finance/Corporate finance.
- IFRS reporting standards, Corporate Governance, insolvency law NCR and NCA, and related legislation.
Duties: - Manage non-performing loans by reviewing and assessing turnaround/workout alternatives and solutions to ensure that the most financially acceptable and appropriate recovery solution is found for the company.
- Establish, communicate and facilitate the use of appropriate turnaround and risk methodologies, tools and techniques for distressed and non-performing clients.
- Provide inputs on the design and implementation of turnaround/recovery management solutions in order to build a sound platform for the recovery of the company non-performing loans.
- Credit restructuring, improved collections rate and workout.
- Analyse financial statements to develop initial assessment by identifying strengths and weakness pertaining to borrower’s historical performance with a view to how to turn the default around.
- Attends Credit committee meetings to present and be available to answer questions regarding the recommendation around recommendations.
- Intensive servicing of clients with a high probability of default
- Developing tight monitoring of accounts classified as non-performing
- To develop set of measures in consultation with Turnaround and Collections Manager to ensure that the account/ project is turned around to performing status.
- Negotiate with borrowers, legal counsel, and other stakeholders involved in the workout process
