Job Description
About the Role
Our client in the financial industry is seeking a highly skilled Credit Risk Analyst to join their team in Montana Park, Pretoria. As a key member of the Credit Risk Management Executive (CRME) team, you will play a crucial role in developing and strengthening Credit Risk Management policies and Investment strategies that drive business growth.
Key Responsibilities
- Manage credit risk and related projects, and work with a team that is responsible for the health of the credit portfolio.
- Collect and analyze financial and portfolio data and identify trends that impact portfolio quality.
- Monitor portfolio performance, composition and concentration and report against credit norms as per Fund Investment strategies and Fund models.
- Perform stress testing to forecast credit risks in countries, portfolios and industries.
- Report findings of analysis by way of good quality reporting and illustrations.
- Make recommendations to address potential and identified risks or trends identified.
- Develop and support financial and investment models to ensure quality output and improve quality of investment decision making.
- Work closely with credit and investment teams to ensure that the credit strategy is rolled out correctly and that there is strong support between the two areas.
- Work closely with Finance teams to ensure accurate forecasting, provisioning for bad debt and modelling.
- Support a sound credit granting process to enable sound credit decisions consistent with the CRM Strategy and meet competitive time, pricing and structuring pressures.
- Maintain appropriate credit measurement and monitoring processes.
- Establish a system of independent, ongoing assessment of its credit risk management processes and report on the results of such reviews.
Requirements
- BSc / B.Com Honours in Finance, Economics, Risk, Risk Analysis, Quantitative Finance, Statistics or Applied Mathematics.
- Relevant Master’s degree an advantage.
- CFA an advantage.
- At least 5 years’ experience as an Investment/Financial Analyst.
- Exposure in SME lending an advantage.
Qualifications
- Bachelor’s degree in a relevant field
Salary & Benefits
R 35 000 – R 45 000 per annum.
How to Apply
Click the green “Go Apply” button below to apply directly online with the employer.
About Other Finance/Accounting Jobs in South Africa
In the realm of finance and accounting in South Africa, industry trends indicate a strong demand for professionals with expertise in financial management, analysis, and planning. Typically, roles in this sector involve supporting the financial performance of an organization, ensuring compliance with regulatory requirements, and providing strategic advice to senior management. Generally, career prospects are promising, particularly for those with advanced qualifications or relevant work experience.
Salaries for finance and accounting professionals in South Africa can vary widely depending on factors such as level of experience, company size, and industry sector. Typically, entry-level positions may start within the R200 000 – R350 000 per annum range, while senior roles can command salaries ranging from R800 000 to over R1 million per annum. However, these figures are broad and can fluctuate based on market conditions, company needs, and individual performance.
Common skills required for finance and accounting professionals in South Africa include proficiency in financial software such as SAP, Microsoft Excel, and accounting systems; analytical and problem-solving abilities; strong communication and interpersonal skills; attention to detail and organizational prowess. Other essential skills may include knowledge of tax laws and regulations, financial modeling, and data analysis.
The financial services sector, technology industry, and manufacturing sector are among the most common industries that employ finance and accounting professionals in South Africa. Financial services companies often require professionals with expertise in financial planning, risk management, and compliance. The technology industry demands professionals with experience in software implementation, cost analysis, and IT project management. Manufacturing sectors typically need accountants with knowledge of inventory management, supply chain optimization, and production planning.
Career development opportunities for finance and accounting professionals in South Africa are generally good, with many companies investing in training and development programs to enhance their employees’ skills. Typically, career progression involves moving into senior roles, such as financial manager, controller, or chief financial officer, where professionals can take on more strategic responsibilities and contribute to the organization’s growth and success.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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