Credit Analyst-1 Job in Durban
Job Description
Credit Analyst-1 Job. Within the financial sector, the role of a Credit Analyst-1 holds a pivotal position in assessing the creditworthiness of individuals, businesses, or organizations seeking financial assistance. Tasked with evaluating financial data, market conditions, and industry trends, the Credit Analyst-1 plays a crucial role in determining lending decisions, risk assessments, and credit limits. Their keen analytical skills coupled with a comprehensive understanding of financial principles enable them to make informed recommendations to mitigate potential risks and ensure prudent lending practices. By meticulously examining credit histories, financial statements, and economic indicators, the Credit Analyst-1 provides valuable insights to support strategic decision-making processes within financial institutions, ultimately contributing to the stability and growth of their clientele.
Responsibilities of Credit Analyst-1 Job
- Credit and financial assessments of commercial business customers.
- Adhere to negotiated service levels and turnaround times in support of business strategy.
- Presenting credit submissions at credit forums.
- Ability to effectively prioritize and organize workflow.
- Customer and results-driven.
- Processing of credit applications on the internal scoring system.
- Engaging and processing credit applications of both banked and non-banked customers.
- Make informed credit decisions.
- Assist internal sales partners with credit decisions and application of the credit policy.
- build and maintain relationships with internal/external business partners.
- Responsible for making credit decisions.
- Keep abreast with what’s happening within the marketplace and more specifically with regards to process and credit policy.
- To facilitate and monitor adherence to service guarantee times.
- Resolve any credit issues and process problems/challenges with Pay-outs and other internal business partners.
- Escalate to the manager any credit issues with products/processes/ standards.
- Optimises work through the application of learning experiences.
- Engages in activities for own development.
- Ensures customer service solutions are aligned to the operational business plan.
- Develops and leverages cooperative credit risk stakeholder relationships and networks.
- Contributes to cost efficiencies.
- Contributes to teamwork.
- Ensures operational excellence through the delivery of work processes according to defined quality standards.
- Liaises with internal and external stakeholders and support functions.
- Analyses the integrity of credit applications.
Requirements
- Preferred Qualification – Bachelor`s Degrees and Advanced Diplomas: Business, Commerce, and Management/ Finance.
- 4 years of banking/ credit experience will be an advantage.
- Strong analytical skills with attention to detail.
- Proficiency in financial analysis and risk assessment techniques.
- Knowledge of accounting principles and financial statement analysis.
- Familiarity with credit evaluation software and tools.
- Excellent communication and interpersonal skills.
- Ability to work independently and collaboratively in a fast-paced environment.
- Understanding of regulatory compliance and lending regulations.
- Prior experience in credit analysis or related field may be preferred.
