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

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

Credit Proposals

• 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.

Book Debt Analysis

• Conduct monthly book debt analyses for clients with ceded book debts used as security.
• Liaise with clients to verify recoverability of outstanding balances.
• Update security values and maintain book debt schedules and risk ratings.
• Address committee queries related to book debt analyses.

Trade Finance Reviews

• Manage trade and revolving asset facility registers by updating key data including review dates, facility levels, and approval statuses.
• Maintain corporate tracking schedules detailing application status, review timelines, and facility amounts.
• Track outstanding application information and ensure timely follow-up.

Review Letters

• Draft and issue annual trade review letters to clients and/or their accountants requesting financial documentation.
• Follow up to ensure timely submission of required information.

General Responsibilities

• Follow up with clients to obtain financial statements, VAT returns, asset and liability declarations, income/expenditure statements, and other necessary financial information.
• Prepare annual commercial property reviews under Murabaha agreements for submission to the Credit Department.

Requirements

Qualifications

• Bachelors degree or equivalent qualification in Accounting or Finance.

Experience

• 23 years of relevant experience in the Finance or Accounting sector.

Knowledge and Skills

• 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

Looking for a Career Move?

Contact Hire Resolve:

• Our client is offering a competitive salary for the Credit Analyst Western Cape role (based on experience).
• Apply now at hireresolve.us or email your CV to .za.
• For direct enquiries, contact Sonique Beetge at sonique.beetge@hireresolve.us.
• Subject line: Credit Analyst Western Cape

If you’re a match, well call you within 3 days. If not, well keep your CV on file for future roles.