Job Description:
Credit Risk Analyst
Introduction
A well-established biochemical organisation is seeking a Credit Risk Analyst, responsible for appraising credit risk of new and existing customers consistent with credit policies and standards. Under this role provide assistance and business support of the company?s sales team and monitor customers transactions against credit limits while ensuring adherence to policies and procedures.
Description
Execute day-to-day credit risk operations to ensure delivery meets customer and business expectations
Ensure GBS securely stores all information in accordance with the requirement of the policies and standards ensuring compliance with any data privacy requirements
Conduct credit risk evaluations on new and existing customers, establish, update or obtain credit limit approvals for them, interpret financial information to extrapolate risk factors, develop and prepare business cases for escalations and recommendations
Perform timely reviews of customer data and the preparation of credit risk recommendations, especially in the case of new customer accounts
Serve as the point of contact for escalated issues from team members, customers, embedded credit, finance, sales and the company's legal
On a daily basis monitor, track and follow up on customer accounts that are trading over the credit limit or that are overdue, and recommend actions
Recommend to business review of credit limit on basis of history trends of customer (both increase and decrease in credit limits)
On a monthly basis prepare an overview of risk categories of portfolios, recommending adjustments to the risk ratings and credit limits based on risk reviews
Provide feedback to management and business on high risk customers and recommend adjustments
Prepare monthly provision for doubtful debtors and recommend transfers to the doubtful ledger
Be liaison between legal and counsel for doubtful debtors - including handing over matters to attorneys and maintaining follow up until case closed out
In preparation for monthly provisioning, monitor the daily overdues and recommend provisions in consultation with sales and business on likelihood of recovery
Continuous review required of customer accounts, thereby allowing the credit analyst to make decisions on the credit worthiness and credit viability of the customer
Ensure time and accurate data entry, storage, retention and maintenance of all new data and updates, at the same time maintaining data security
Gather data, compile and generate reports as and when necessary and provide commentary on the performance
Plan, implement and support operational optimization, continuous improvement and business excellence-oriented projects and initiatives. Support the development of a continuous improvement culture throughout immediate teams
Establish and foster strong business relationships with relevant stakeholders and internal business partners
Support team leads through the escalation of critical operational, people and performance issues
Provide key business insights and management information that leverages process performance indicators that include credit limit analysis and monthly reports
Profile
Bachelor's Degree in relevant fields of Finance, Accounting, Legal, Business or related field or previous relevant experience in credit environment
2-5 years' relevant experience as a credit analyst in a credit environment
Relevant tertiary qualification
Previous credit analysis experience
Credit Analyst background in banking, financial services or blue-chip corporate credit environment
Demonstrated attention to detail and ability to adhere to processes
Strong written and verbal communication skills - the role requires communication to all levels within the organisation
Display ability to perform financial statement analysis
Experience using Credit Bureaus
Experience working in Global Shared Services environment
Exceptional analytical skills and demonstrated proficiency in IT Applications
Good MS Office skills (Excel, Word and PowerPoint are a must have skill)