Claremont, South Africa | Posted on 11/13/2024
Responsibilities:
- Ensuring that credit policies, criteria, procedures, and documentation relating to credit are generated and adhered to.
- Assessing the creditworthiness of empowerment enterprises specifically with a responsible lending mindset.
- Ability to sense check and suggest amendments to a deal structure according to specific position of the enterprise.
- Prepare all documentation and analysis, including financial forecast models and investment memorandums, to present to and facilitate decisions of the Credit/Investment Committee.
- Determine and ensure that company operations meet conditions for the provisions and special loan conditions for clients.
- Prepare and conclude loan and security agreements and other ancillary documentation.
- Monitor loan agreements compliance through time and, if need be, liaise with the borrower to ensure that no clauses in the agreement are breached.
- Liaising with other staff within the company, making specific reference to the Credit Team on matters relating to existing and new loans, and with other members of the Team to assist with matters that indirectly affect the credit team and borrowers.
Ability to:
- Understand the lending or financing environment, with a specific focus on secured lending to small private businesses.
- Review a credit application, make an initial assessment on the validity of the funding opportunity, and liaise with the client to obtain the necessary financial and non-financial information needed to complete a detailed due diligence.
- Deliver on a number of tasks, primarily tasks relating to the assessment and finalizing of funding opportunities, in a timely and professional manner.
- Conduct detailed financial analysis on a funding opportunity, including performing financial statement and ratio analysis, building financial models in Excel, and interpreting financial performance of clients.
- Understand legal requirements in granting and declining credit applications.
- Operate in a research environment where examining and sorting through financial data is critical to one’s success.
- Make use of learned methodologies to achieve desired outcomes, i.e., must be methodical and have high attention to detail.
- Be self-motivated, accountable, and reliable, and have the ability to handle criticism.
- Be prepared to undertake a range of work rather than focusing on a small, clearly defined role.
- Handle challenging questions in a professional and mature manner.
- Present findings to teams of people, most importantly other credit team members, management, and the Investment Committee.
- Produce well-written, detailed reports, containing quantitative and qualitative information.
- Come up with logical, well-thought-out recommendations/solutions.
- Proactively research new ideas that are relevant to strengthening company loan processes as well as the execution of deals.
- Operate independently and take ownership of tasks assigned, while at all times liaising with other team members and working with the team.
- Engage with clients and other third parties in a professional manner, in person, virtually, telephonically, or via email.
Requirements
- Accounting/finance or maths/quants orientated degree – B.Com; B.Bus.Sci; or CA background, CFA or equivalent.
- Industry experience in credit and risk (i.e., corporate finance/finance/legal/SME environment or a development finance institution) advantageous.
- Ability to work well within a team and operate independently.
- Ability to deal with relevant client queries in an informed, professional, and timely manner.
- Ability to assess companies across different industries, as well as their capacity to take on and repay debt, where the debt can be required for asset finance, growth finance, working capital, or other business purposes.
- Passion for lending/markets and for empowering companies, along with a passion for numbers and analysis.
Experience in:
- Analyzing businesses from a financially sustainable point of view.
- Constructing scenarios or analyzing information to come up with recommendations.
Knowledge of:
- Market drivers.
- Accounting and corporate tax concepts.
- Impactful work with Empowerment Focus.
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