Credit Risk Analyst at Meristem Securities Limited

Job Summary

• The holder of this role will be responsible for reviewing and assessing a client’s business and financial history to determine their suitability for a credit facility. In addition, the holder will be responsible for monitoring the performance of the credit portfolio and providing timely recommendations relating to overdue or defaulted facilities to management.

Responsibilities

Job Duties/Responsibilities

• Develop relevant credit frameworks, policies, and guidelines.
• Conduct thorough analysis of financial statements and assessment of credit requests, including new requests, changed requests, refinancing and annual due diligence.
• Provide recommendations tied to analysis and assessment of credit.
• Present analysis, findings, and recommendations to the credit committee, especially findings that involve a borrower’s ability to repay.
• Develop and prepare spreadsheets and models to support the analysis of new and existing credit applications.
• Maintain the credit exposure of the company within the approved credit risk appetite.
• Reconcile credit files and identify discrepancies and variances.
• Pay visits to clients on behalf of the company whenever necessary.
• Monitor the credit portfolio and evaluate the risk of potential default while recommending recovery solutions.
• Provide daily/weekly/monthly collection/payment schedules to clients and the business unit while ensuring prompt and timely repayments as per schedule.
• Identify and escalate repayment irregularities for further management action.
• Preparation of weekly/monthly portfolio reports for credit review meetings and management decision.
• Conduct post-disbursement spot checks on clients to confirm loan performance and utilization.
• Negotiate terms of repayment or loan restructuring on behalf of the company with defaulters.

Requirements

Qualification/Education

• Bachelor’s Degree in business administration, Finance, Accounting, Economics, or any other numerate discipline.
• A relevant Master’s degree or professional certification will be an advantage.

Work Experience

• Five years of experience in a similar position in the banking/financial services sector.

Skills and Competences

• Impeccable understanding of financial statements, ratios, and concepts.
• Strong attention to detail and ability to notice discrepancies in data.
• Strong presentation and communication skills.
• Excellent negotiation and persuasive skills.
• Strong numeracy and analytical skills.