These jobs were popular with other job seekers Reference: PC001562-RC-2Our client based in Durbanville is looking for a Credit Specialist with 2 – 3 years experience in the financial services/ lending industry to join their team. Duties & Responsibilities A recent professional profile photo is to accompany your applicationEMPLOYMENT TYPE : PermanentSECTOR : FinanaceBASIC SALARY : R50 000START DATE : A.S.A.P / ImmediateREQUIREMENTS:2-3 years of experience working in the financial services and/or lending industryProficiency in using data analysis tools (e.g., Excel) and credit risk management software to streamline the credit evaluation process. (Applying expertise and technology)Honours degree in Finance / Accounting / Mathematics or relatedPreferred: CA(SA)/ACCA/CIMADUTIES:Review and analyse credit applications from customers (business), to determine their creditworthiness based on scorecard models and established risk criteria which includes quantitative and qualitative informationConduct financial analysis for large loans, assessing the creditworthiness of applicants by examining financial statements, credit reports, and other relevant data sourcesEvaluate risk factors associated with each credit application and make well-informed decisions on the appropriate credit limit, interest rate, and other relevant termsEnsure strict adherence to the credit policy and credit processes to maintain regulatory compliance and minimize risk exposureContinuously evaluate and refine the credit granting processes with a strong emphasis on enhancing efficiency and reducing turnaround times, all while staying within the established credit risk appetiteFacilitate alignment among reviewers and foster effective communication between reviewers and analysts through thorough quality reviews, constructive feedback, and comprehensive training initiatives. This collaborative approach ensures consistency and accuracy in credit assessmentsProvide input into monthly reviewer schedules and ensure sufficient capacity to review loan applicationsRegular Catch-Up Meetings with the Analyst Lead: Holding regular catch-up meetings with the Analyst team leader to identify training needs focused on enhancing their understanding of financial statements and management accountsMonitoring the performance of existing loans in the portfolioProvide input for the monthly credit reporting, focusing on portfolio quality, delinquencies, and credit risk exposureConduct comprehensive reviews of defaulted loans to identify trends and risks that can help improve and refine credit criteriaEnsuring diligent quality monitoring of reviews to guarantee compliance with credit policy and processes, maintaining alignment and consistencyDesign and maintain the training induction program tailored for new ReviewersOversee the onboarding process and provide comprehensive training and continuous on-the-job support for new ReviewersConduct follow-up training sessions with new Reviewers to ensure adherence to the proper review process and identify any additional training needs before training sign-offKeep the training manual for new Reviewers up to date and ensure that it reflects the latest practices and informationOffer guidance and mentorship to Loan Analysts, particularly in understanding financial statements, management accounts, and SARS liabilities for high-value applicationsContribute to monthly workshops aimed at facilitating knowledge exchange and feedback between the Analyst and Reviewer teamsProvide guidance to ensure adherence to standards will be an essential part of these sessionsEnsuring continuous financial upskilling of team members, both new and existing, is a key priority in your roleManage all administrative aspects related to training, such as maintaining training registers and updating training manuals, to ensure an organized and effective training processStay up-to-date with industry trends, best practices, and emerging technologies in credit risk management, and share knowledge within the teamContribute to ongoing process improvement initiatives, including refining credit scoring models, automating processes, and enhancing data analytics capabilitiesCollaborate with cross-functional teams, including sales, operations, legal and business development teams to optimize credit processes and enhance overall credit risk management strategiesMaintain a customer-centric approach while managing credit-related inquiries and providing support to internal and external stakeholdersHOURS:Mon – Fri: 08:00 – 17:00Should you meet all the requirements, apply on our website at www.statusstaffing.com today.Should you not hear back from us within 10 working days, please consider your application as unsuccessful. We will retain your credentials for future similar roles. Package & Remuneration R50 000 These jobs were popular with other job seekers#J-18808-Ljbffr