Credit Analyst - Durban, South Africa - Grindrod Bank Limited

Grindrod Bank Limited
Grindrod Bank Limited
Verified Company
Durban, South Africa

1 week ago

Thabo Mthembu

Posted by:

Thabo Mthembu

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Description

Credit Risk Assessment


Analysis of financial statements and management accounts in order to assess financial performance of applicants as well as guarantor entities.


Assess and review annual reviews timeously, including researching market trends, to perform qualitative reviews Ensure average approval turnaround time of 3 working days.

Attend to amendments and File Notes and assess risk to any changes within an acceptable timeframe

Arrange for approval of Credit Proposal timeously.

Respond to queries made by various committees relating to the proposal as and when required

Completion and verification of amortization schedules

Prepares Executive summaries for Board Credit Committee


Maintenance of expert knowledge on relevant legislative amendments, industry best practices and provision of proactive advice and solutions to relevant stakeholders.

Credit Admin and Operations*Drafting of Offer Letter in respect of new facilities and amended facilities, obtaining Bank signatures on Final Offer Letters) - Turnaround time 1 day from date of approval of Credit

Instructing attorneys to draw up the necessary security - Turnaround - within 1 day from approval of Credit Comment

Review of security documents and providing feedback timeously - Turnaround 2 days

Ensuring continuous follow-ups on pending matters with attorneys

Attending to cancellations and registration of bonds

Processing of ITC and DOS

Ensuring that all necessary Bank fees and legal fees have been passed prior to closure of accounts and ensuring FICA process is followed

Ensure that all special conditions and security are received and credit file updated accordingly, prior to pay-out

Hand over of signed security to Credit Admin timeously - Hand over security within the day to Credit Admin

Ensure Bank fees and Attorney fees are paid

Arrange for new client/account number to be opened and liaison with the Ops team

Arrange for system updates iro renewals, variations (master file changes) and any other amendments for existing facilities

Verify settlement figures to the marketers

Draft debit orders for repayment of facilities and any amendments to debit orders

Attending to queries and providing timeous feedback to co-workers and external clients

Signing off security files - within 1 day of receiving all security.

Verification of reports done by the Analyst

Signing documents required to be signed off on behalf of the Bank i.e. guarantees, consents, offer letters etc emanating from Credit (B signatory)

Sign of payments timeously and provide A signatory with all relevant information to counter approve - Payments to be signed off within half an hour from receipt

Ensure all facilities that are settled are closed timeously, within 2 days of settlement.


Ensuring that electronic folder, hardcopy files are in order and that security files are signed off in respect of allocated portfolio.

Reporting and Moniroring*Timeously actioning and signing off diary note (i.e. Repayment Terms, Dividend due dates, Credit requirements e.g. management accounts, portfolio valuations, age analysis)

Monitoring and update of the Life Cover Policies, Keyman policies which secure the facilities and liaison with insurance brokers, and marketers to ensure that the Bank is adequately insured

Ensuring that new business is accurate and all security captured correctly

Ensuring security values for allocated portfolio is correct

Ensure all codes are captured and verified

Responsibility for the ongoing management and full credit of an existing portfolio lifecycle of the portfolio including implementation, systems, post-implementation monitoring

Ensuring covenants are not breached and taking necessary action where there are breaches


Analysis and Sign Off of management accounts, debtor's age analysis and any other information that is requested by the Bank on a monthly basis.

Within 72 hours from receipt.

Responsible for ensuring that required reports are completed accurately and timeously, ie reporting to Executive Committee, CLEC, Board and ICRC

Ad-hoc compilation and verification of reports

Self Development & Team Work*Manage personal development to increase own skills and competencies

Supporting team objective

Building the credit brand and reputation


  • Multi-tasking and effective time management.
  • Attention to detail whilst under considerable pressure.
  • Negotiation with difficult parties.
  • Managing relationships at a strategic partner level.
  • Ad-hoc projects.
  • Maintain historical records for management information purposes.

Qualifications
BCom accounting/Finance

Job Specific Requirements*Strong analytical and problem solving skills

Strong communication skills (written and verbal).

Excellent organizational and time-management skills.

Ability to prioritize tasks.

Proficient in Microsoft Office and Excel

Ethical behavior.
- **3 Years related work expe
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