Cape Town: Credit Analyst (Banking Industry) posted by Hire Resolve

About the Role

Hire Resolve’s Client is seeking to hire a Credit Analyst to join their team in the Western Cape. The primary responsibility of this role is to prepare detailed credit proposals for submission to the Executive Credit Committee. This includes the comprehensive financial analysis of clients to assess their creditworthiness and the viability of extending finance for assets and/or trade.

Key Responsibilities

• Conduct detailed analysis of financial statements and management accounts to evaluate the financial performance of applicants and guarantor entities.
• Prepare and consolidate income statements and balance sheets where necessary.
• Review Value Added Tax (VAT) returns and analyze book debts.
• Research market trends and perform qualitative reviews, including corporate ratings and affordability assessments.
• Gather background information on clients, including business operations, management, customer/supplier relationships, and location.
• Request credit reports to assess clients’ credit history, along with bank reports and security confirmations for trade-related applications.
• Compile SWOT analyses to highlight potential risks and enhance risk awareness.
• Summarize client requirements and assess current facility utilization.
• Maintain and update detailed exposure reports, ensuring all securities, financials, valuations, and qualitative reviews are accurately recorded and tracked in the financial system.
• Conduct sensitivity analysis and identify risks with mitigating factors.
• Respond to queries from various credit committees and the Board of Directors.
• Prepare executive summaries for high-level submissions.
• Continuously incorporate innovation, value-add, and risk assessments into credit reporting.

Requirements

• Bachelor’s degree or equivalent qualification in Accounting or Finance.
• 23 years of relevant experience in the Finance or Accounting sector.
• Proficiency in MS Office.
• Understanding of Credit Policies and Procedures.
• Familiarity with Islamic (Shariah) banking principles.
• Working knowledge of financial products and services.
• Strong grasp of Finance and Accounting fundamentals.
• Experience with financial systems such as AFS is advantageous.

Qualifications

No formal education or certifications mentioned in the original job description. Therefore, this section will be skipped.

Salary & Benefits

The salary for the Credit Analyst Western Cape role is market-related, based on experience.