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  • Posted: Jan 20, 2022
    Deadline: Not specified
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  • Lets find opportunities together. Lets get it done. As a subsidiary of The Bidvest Group Limited, were an entrepreneurial bank that seeks out the opportunities and market gaps which traditional banking often ignores. By being flexible and nimble, were able to service our customers better than anyone else. How? We understand that no two individuals are ali...
    Read more about this company

     

    Credit Analyst

    ABOUT THE POSITION

    To assess and process applications for Lending Applications as well as monitor various other collateral functions.

    FINANCE

    • Support and educate sales people on compiling credit applications

    • Continuous improvement of the quality of applications submitted to credit

    • Assessing, analyzing and interpreting complication financial information

    • Completing loan application forms and submitting to loan committees for approval

    • Analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money

    • Work with the credit department to improve processes

    • Take ownership of approved facilities, monitor drawdown and availability of facilities

    • Prepare reports that include the degree of risk involved in extending credit or lending moneyGenerate financial ratios, using computer programs, to evaluate customers' financial status

    CUSTOMER SERVICE
    Stakeholder Management

    • Build relationships with customers - internal and external.

    • Collection of financial information from internal and external clients

    • Gathering information about clients

    • Determine credit worthiness of applicants

    • Evaluate customer records and recommend payment plans based on earnings, savings data, payment history and purchase activity

    • Consult with customers to resolve complaints and verify financial and credit transactions.

    • Build relationships with internal stakeholders by attending meetings and supporting their strategies

    • Contribute to external client satisfaction by sharing knowledge and developing skills of client service team members and other [URL Removed] the achievement of SLA standards by understanding client needs; providing guidance and recommendations and responding timeously.

    OPERATIONAL EXCELLENCE
    Internal Process

    • Process and assess Credit Applications - New and reviews

    • Manage reviews and drive process

    • Assess credit risk and establish credit limits

    • Review existing portfolio to ensure alignment with Bank's credit policy and to identify cross-sell opportunities by gathering and analyzing relevant information

    • Manage collateral requirements

    • Various reporting functions

    • Support function to other departments

    • General credit administration.

    • Helping enhance the quality of credit applications

    • Using credit-scoring systems for small credit amounts

    • Keeping company credit exposures within set risk bearing limits

    • Undertaking risk analysis by developing statistical models

    • Complete a thorough, in-depth analysis of new credit requests, credit change requests, renewals and annual relationship reviews.

    • Recommend risk rating changes when analysis merits

    • Ensure that all credit files are complete, identify any documentation deficiencies, and report to credit administration as needed for timely solutionMaintain a good working knowledge of the Bank's lending policies and procedures and identify exceptions to policy.

    Qualifications

    • BComm degree in Business Management/Finance/Accounting or related field

    Experience

    • 3 years within a banking/financial environment with related experience

    Skills

    • Finance knowledge and ability to read financial statements

    • Accounting principles

    • Prioritizing

    • Problem solving

    • Organised

    • Professionalism

    • Confidentiality

    • Assertiveness

    • Cost conscious

    • Motivated

    • Ability to work under pressure

    • Integrity

    • Vision

    Desired Skills:

    • Innovative

    • Cost Control

    • Independent

    • Microsoft Word

    • Microsoft Excel

    • Verbal And Written Communication

    • team player

    • Finance knowledge

    • Ability to read financial statement

    • Accounting principals

    • Attention to detail

    • Accounting principles

    • work under pressure

    Method of Application

    Interested and qualified? Go to Bidvest Bank on www.careerjunction.co.za to apply

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