Job Purpose

• We are looking for an experience Credit Analyst to join our team. In this role you will be required to assess credit risk of existing portfolio so that risk is managed and mitigated in line with the banks credit policy.
• We look forward to reviewing your application.

Job Responsibilities

• Assess the credit risk of customers by examining their savings information, debt repayment history, earnings from business or employment, and purchase activities.
• Based on this analysis, provide recommendations to the company regarding credit terms for customers. For instance, you might recommend issuing a credit card to a new customer, rejecting a new application, or adjusting the credit limit for an existing customer.
• Review the financial status of new and existing customers to determine their level of risk.
• Use financial ratios and industry benchmarks to evaluate a borrower’s cash flow and ability to repay loans.
• Recommend credit limits for new customers based on the company’s lending policies.

Achieving Targets and Service Level Agreements:

• Utilize management information systems to measure performance and achieve targets.
• Understand client needs and provide timely guidance and recommendations to support service level agreement standards.
• Share knowledge with client service team members and other stakeholders.
• Develop skills within the team to improve external client satisfaction.

Building Internal Relationships:

• Attend meetings and collaborate with internal stakeholders to support their strategies.
• Monitor reports, including excess reports, within expected timeframes.
• Identify potential risks and take corrective action to ensure risk compliance.
• Measure compliance and identify risks.
• Make recommendations for achieving compliance using current information and available resources.
• Monitor covenants by obtaining the latest financial information and reporting any breaches.
• Sign off on conditions of approval within required timeframes by verifying the necessary information.
• Gather all required information to verify that security measures are in place.
• Keep abreast of legislation and industry changes that impact your role by reading relevant newsletters, websites, and attending sessions.

Embracing Company Vision and Values:

• Understand and embrace the Nedbank vision.
• Demonstrate the company’s values through interactions with your team and stakeholders.
• Personal Development:
• Continuously improve your expertise by identifying relevant training courses and career progression opportunities based on feedback from managers.

Minimum Experience Level

• Min 3 Years Credit Assessment experience in assessing creditworthiness of current and prospective clients.
• Min 3 Years experience in evaluating current and prospective clients financial Statements and credit reports to determine their ability to honor debt obligations.

Preferred Qualification

• NQF Level 6 or Higher in a Financial Management, Accounting or Analysis-related field