Credit Risk Analyst

  • Permanent Intermediate EE position

  • Western Cape

  • Market Related cost to company

  • Job 2215490 | Ref AF_0511_4254

  • Posted 11 May 2018 by Afrizan Personnel

About the Position

A well-established biochemical organisation is seeking a Credit Risk Analyst, responsible for appraising credit risk of new and existing customers consistent with credit policies and standards. Under this role provide assistance and business support of the company’s sales team and monitor customers transactions against credit limits while ensuring adherence to policies and procedures.

  • Execute day-to-day credit risk operations to ensure delivery meets customer and business expectations
  • Ensure GBS securely stores all information in accordance with the requirement of the policies and standards ensuring compliance with any data privacy requirements
  • Conduct credit risk evaluations on new and existing customers, establish, update or obtain credit limit approvals for them, interpret financial information to extrapolate risk factors, develop and prepare business cases for escalations and recommendations
  • Perform timely reviews of customer data and the preparation of credit risk recommendations, especially in the case of new customer accounts
  • Serve as the point of contact for escalated issues from team members, customers, embedded credit, finance, sales and the company’s legal
  • On a daily basis monitor, track and follow up on customer accounts that are trading over the credit limit or that are overdue, and recommend actions
  • Recommend to business review of credit limit on basis of history trends of customer (both increase and decrease in credit limits)
  • On a monthly basis prepare an overview of risk categories of portfolios, recommending adjustments to the risk ratings and credit limits based on risk reviews
  • Provide feedback to management and business on high risk customers and recommend adjustments
  • Prepare monthly provision for doubtful debtors and recommend transfers to the doubtful ledger
  • Be liaison between legal and counsel for doubtful debtors – including handing over matters to attorneys and maintaining follow up until case closed out
  • In preparation for monthly provisioning, monitor the daily overdues and recommend provisions in consultation with sales and business on likelihood of recovery
  • Continuous review required of customer accounts, thereby allowing the credit analyst to make decisions on the credit worthiness and credit viability of the customer
  • Ensure time and accurate data entry, storage, retention and maintenance of all new data and updates, at the same time maintaining data security
  • Gather data, compile and generate reports as and when necessary and provide commentary on the performance
  • Plan, implement and support operational optimization, continuous improvement and business excellence-oriented projects and initiatives. Support the development of a continuous improvement culture throughout immediate teams
  • Establish and foster strong business relationships with relevant stakeholders and internal business partners
  • Support team leads through the escalation of critical operational, people and performance issues
  • Provide key business insights and management information that leverages process performance indicators that include credit limit analysis and monthly reports

About The Employer

  • Bachelor’s Degree in relevant fields of Finance, Accounting, Legal, Business or related field or previous relevant experience in credit environment
  • 2-5 years’ relevant experience as a credit analyst in a credit environment
  • Relevant tertiary qualification
  • Previous credit analysis experience
  • Credit Analyst background in banking, financial services or blue-chip corporate credit environment
  • Demonstrated attention to detail and ability to adhere to processes
  • Strong written and verbal communication skills – the role requires communication to all levels within the organisation
  • Display ability to perform financial statement analysis
  • Experience using Credit Bureaus
  • Experience working in Global Shared Services environment
  • Exceptional analytical skills and demonstrated proficiency in IT Applications
  • Good MS Office skills (Excel, Word and PowerPoint are a must have skill)

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