Credit Risk and Monitoring Officer at Transkredit Finance Company

Responsibility Summary

• Develop and implement a system for actively identifying and reporting deteriorating credit facilities and Responsible for the assessment and processing of credit applications, for both new and existing clients.

Roles / Responsibilities

• Provide detailed guidelines for monitoring and managing information on existing exposures as a basis for informed decision making.
• Review customer files to ensure completeness of all due documentation and security documents before signing off for availment
• Track and produce credit information for all parties involved in the credit creation process to enable effective credit exposure and credit portfolio performance monitoring.
• Evaluate credit quality and performance of existing exposures and assign quality classification in line with organisation’s guidelines.
• Keep track of borrowers’ compliance with credit terms subsequent to disbursement.
• Develop and implement an early warning system to identify and report signs of deterioration, irregularity and non-performance in credit facilities.
• Develop and implement a system for identifying loans due for repayment and informing the relevant business units for the purposes of following up with the customers.
• Monitor loan repayments.
• Generate reports on credit exposure by risk grade; and
• Ensure that problem credits are subject to regular review and monitoring while progress reports on problem credits are submitted to senior management on a timely basis.

Credit Applications:

• Process credit applications and make recommendations, highlighting all risk issues pertinent to the credit decision
• Justify credit decisions, both verbally and in writing.
• Give initial feedback on prospective and existing customer requests to dealers and Account.
• Relationship Managers.
• Give constructive feedback on the work produced by fellow Credit Risk Analysis team members.
• Ensure quick turnaround of credit requests and ensure the Credit Application Status Log is updated daily.

Compliance and Audit Readiness:
Contribute to the Credit Risk Analysis team’s compliance and audit readiness by making sure that:

• All customer and internal correspondence are of the highest quality.
• All files (including soft copy customer files), paperwork and systems are maintained.
• in line with the organization’s requirements, formats and standards.
• You enforce and maintain a clear desk policy and familiarise yourself with GDPR regulation.
• Annual credit reviews and review date extension requests are prepared prior to expiry.
• You achieve and maintain a comprehensive product and portfolio knowledge.
• Credit and other relevant policies and procedures are always followed and adhered to.
• You diligently handle and timely respond to regulatory and audit requests/queries.

Credit Portfolios:

• Develop and maintain a sound 360 degree understanding of your client portfolio.
• Monitor the risk of client portfolios to ensure they stay within agreed parameters of the Credit.
• Policy and the Risk Appetite Statement.

Job Requirements

• Candidates should possess a Bachelor's Degree / Master's Degree qualification.
• 5 - 8 years work experience.

Technical Skills:

• Excellent Excel, Word, PowerPoint, and Outlook skills
• Experience of using Credit Risk Management systems/packages

Skills & Abilities:

• An ability to ‘think outside the box and look for creative solutions.
• Demonstrated ability to work effectively in a team-oriented environment.
• Strong presentation skills and an ability to report to and manage senior stakeholders.
• Excellent communication skills; proven experience in communicating to senior leadership.
• Strong attention to detail, quality, and accuracy.
• Strong drive for continuous improvement.
• Must be able to demonstrate interest in financial modelling.