Job Description
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
- Completed Bachelor’s degree in Accounting or Finance.
Salary & Benefits
Market Related.
How to Apply
Click the green “Go Apply” button below to apply directly online with the employer.
About Other Finance/Accounting Jobs in Western Cape
In the Western Cape, the finance and accounting profession is a thriving industry with a strong demand for skilled professionals. Typically, the job market trends indicate a steady growth in the need for finance and accounting expertise across various sectors. This is often driven by the increasing importance of financial management, regulatory compliance, and data-driven decision-making in businesses.
When it comes to salaries, it’s common to see broad ranges varying depending on factors like experience, company size, and industry sector. Generally, entry-level positions can expect salaries ranging from R250 000 to R400 000 per annum, while senior roles may command salaries between R600 000 and R1 200 000 or more, depending on the individual’s qualifications and level of expertise.
Common skills required for finance and accounting roles in Western Cape include proficiency in financial software such as QuickBooks, Xero, or SAP; strong analytical and problem-solving skills; excellent communication and interpersonal skills; attention to detail and organisational abilities; knowledge of tax laws and regulations; and experience with budgeting and forecasting tools. Typically, a degree in commerce, accounting, or a related field is also essential.
Industry sectors commonly employing finance and accounting professionals include the financial services sector, technology industry, manufacturing sector, and corporate organisations. These roles often involve providing financial guidance, managing budgets, preparing financial reports, and ensuring compliance with regulatory requirements.
For those looking to advance their careers in finance and accounting, career development opportunities abound. Typically, experienced professionals can move into senior management positions or pursue specialisations like forensic accounting, audit, or financial planning. Others may choose to transition into related fields like business consulting, investment banking, or entrepreneurial ventures. With continuous learning and professional development, finance and accounting professionals in Western Cape can enjoy a rewarding and challenging career with opportunities for growth and advancement.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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