Credit Risk Analyst at Credit Direct Limited

Job Summary

Responsible for evaluating the creditworthiness of new and existing customers, conducting financial analysis, and making recommendations for credit approval or denial. This role involves assessing credit applications, analysing financial statements, and ensuring compliance with credit policies.

Job Details

Credit Evaluation and Financial Analysis:

• Analyse credit applications to determine the creditworthiness of applicants.
• Review financial statements, credit reports, and other relevant data to assess risk.
• Conduct thorough credit analysis and prepare detailed credit reports and recommendations.
• Perform financial statement analysis to evaluate the financial health of borrowers.
• Calculate key financial ratios and assess the borrower’s ability to repay the loan.
• Identify potential risks and recommend appropriate risk mitigation strategies.
• Work closely with the sales and business development teams to gather necessary information for credit assessments.
• Communicate credit decisions and provide explanations to relevant stakeholders.
• Support the Lead, Credit Management in developing and implementing credit policies and procedures.

Compliance and Documentation:

• Prepare credit approval memos and present findings to the Lead, Credit Management.
• Ensure all credit evaluations and recommendations adhere to the institution’s credit policies and risk appetite.
• Monitor and follow up on pending credit applications and decisions.
• Ensure compliance with all relevant regulatory requirements and internal policies.
• Maintain accurate and up-to-date credit files and documentation.
• Assist in the preparation for internal and external audits related to credit risk management.

Portfolio Monitoring:

• Monitor the performance of existing credit portfolios and identify any emerging risks.
• Conduct periodic reviews of borrowers’ financial conditions and update credit ratings as necessary.
• Assist in the management of delinquent accounts and recommend actions to mitigate potential losses.

Requirements

• Bachelor’s degree in Finance, Business Administration, Accounting or a related field
• Minimum of 2-5 years of experience in credit analysis or a related field within the financial services industry

COMPETENCIES REQUIREMENTS:

Technical:

• Business Continuity and Disaster Recovery Management 
• Data Analysis
• Financial Analysis 
• Loan management 
• Quality Assurance 
• Risk Management​
• Customer Service 

Behavioural:

• Entrepreneurial Mindset
• Excellence
• Execution
• Energy
• Empathy
• Evolution
• Emotional Intelligence
• Business Acumen
• Decision-Making
• Result Oriented
• Communication written & verbal
• Stakeholder Management
• Analytical Thinking
• Managing Risk
• Service Orientation

What to Expect in the Hiring Process:

• A preliminary phone call with the recruiter
• Technical interview 
• Assessment
• Interview with Senior members of the team
• Cultural and Behavioural Fit Interview with a member of the Executive team.