Wednesday , November 29 2023

Bidvest Insurance Careers – CREDIT ANALYST

Website Bidvest Bank

Job Description:

To assess and process applications for Lending Applications as well as monitor various other collateral functions.

Job Responsibilities:

  • Support and educate sales people on compiling credit applications
  • Continuous improvement of the quality of applications submitted to credit
  • Assessing, analyzing and interpreting complication financial information
  • Completing loan application forms and submitting to loan committees for approval
  • Analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money
  • Work with the credit department to improve processes
  • Take ownership of approved facilities, monitor drawdown and availability of facilities
  • Prepare reports that include the degree of risk involved in extending credit or lending moneyGenerate financial ratios, using computer programs, to evaluate customers’ financial status
  • Build relationships with customers – internal and external.
  • Collection of financial information from internal and external clients
  • Gathering information about clients
  • Determine credit worthiness of applicants
  • Evaluate customer records and recommend payment plans based on earnings, savings data, payment history and purchase activity
  • Consult with customers to resolve complaints and verify financial and credit transactions.
  • Build relationships with internal stakeholders by attending meetings and supporting their strategies
  • Contribute to external client satisfaction by sharing knowledge and developing skills of client service team members and other [URL Removed] the achievement of SLA standards by understanding client needs; providing guidance and recommendations and responding timeously.
  • Process and assess Credit Applications – New and reviews
  • Manage reviews and drive process
  • Assess credit risk and establish credit limits
  • Review existing portfolio to ensure alignment with Bank’s credit policy and to identify cross-sell opportunities by gathering and analyzing relevant information
  • Manage collateral requirements
  • Various reporting functions
  • Support function to other departments
  • General credit administration.
  • Helping enhance the quality of credit applications
  • Using credit-scoring systems for small credit amounts
  • Keeping company credit exposures within set risk bearing limits
  • Undertaking risk analysis by developing statistical models
  • Complete a thorough, in-depth analysis of new credit requests, credit change requests, renewals and annual relationship reviews.
  • Recommend risk rating changes when analysis merits
  • Ensure that all credit files are complete, identify any documentation deficiencies, and report to credit administration as needed for timely solutionMaintain a good working knowledge of the Bank’s lending policies and procedures and identify exceptions to policy.

Job Requirements:

  • BComm degree in Business Management/Finance/Accounting or related field
  • 3 years within a banking/financial environment with related experience
  • Finance knowledge and ability to read financial statements
  • Accounting principles
  • Prioritizing
  • Problem solving
  • Organised
  • Professionalism
  • Confidentiality
  • Assertiveness
  • Cost conscious
  • Motivated
  • Ability to work under pressure
  • Integrity
  • Vision
  • Innovative
  • Cost Control
  • Independent
  • Microsoft Word
  • Microsoft Excel
  • Verbal And Written Communication
  • team player
  • Finance knowledge
  • Ability to read financial statement
  • Accounting principals
  • Attention to detail
  • Accounting principles
  • work under pressure

Job Details:

Company: Bidvest Bank

Vacancy Type:  Full Time

Job Location: Foreshore

Application Deadline: N/A

Apply Here