Job Title: Credit Analyst – Western Cape Department: Corporate Credit Job Type: Permanent Level: Skilled EE Position: Yes Location: Western Cape Salary: Market Related
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.
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
Bachelor’s degree or equivalent qualification in Accounting or Finance.
Experience
2–3 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
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Contact Hire Resolve:
Our client is offering a competitive salary for the Credit Analyst – Western Cape role (based on experience).
