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Responsibilities: To effectively integrate, manage and control the credit function by ensuring that quality of credit risks across your portfolio is maintained, thereby minimising the risk of loss through bad debts, while maximising profits. To interact with other areas of the bank in acting as a catalyst in driving the changed initiatives in ensuring compliance with agreed risk parameters as set out in the changed strategy. Portfolio Management: Managing the applicable credit portfolio to ensure that any problems are identified at an early stage and the appropriate remedial action is determined and taken through escalation as appropriate. Conduct research of various industries, best practice methodologies and changes in markets thereby identifying risks to adjust lending parameters. Offer guidance to business in structuring/customizing credit facility options and parameters for successful application of credit approvals. Early detection, management and escalation of risk to mitigate and/or minimise potential losses. Quality of credit assessment measured as a percentage of non-performing loans and provisions raised. Managing and controlling all associated risks including covenant management, security requirement and updates as well as the provision of required information/schedules. Risk Management: Timeously identifies and takes corrective action to minimise risk within unit Monitors risk and has the ability to pre-empt risk for the client, unit and the bank. Stays abreast with changes in the industry, legislation, etc. Alignment and adherence to the NCA and other applicable legislative requirements at all time. Credit Data Analysis for credit risk or lending: - Analyse credit data to estimate degree of risk in extending credit or lending money by accessing credit applications and Comply with governance in terms of legislative and audit requirements. Minimum requirements: Bachelors Degree or CAIB Qualification At least 7 years Credit Management experience across Business and Commercial markets, Understanding of the National Credit Act NCA. Should you not receive a response from us within one week of your application, your application has unfortunately not been successful.
https://protool.gumtree.co.za/external-link-browser.html?url=aHR0cHM6Ly9lbi16YS53aGF0am9icy5jb20vY29vcG9iX19jcGxfX18xMTA4XzUxMDU3X180OTc/dXRtX3NvdXJjZT1ndW10cmVlJnV0bV9tZWRpdW09ZmVlZCZrZXl3b3JkPQ==&jid=1186072&xid=1108_51057
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Purpose Statement: To evaluate and manage the credit and associated risks within an allocated portfolio in Business Bank through leading, driving and inspiring a team of Credit and Senior Credit Managers responsible for providing credit support, from origination and assessment, on an Intuitive basis, to ongoing risk management.To integrate and manage the credit function by ensuring that the quality of credit risks across the regions are aligned to the Banks risk appetite, which includes minimising the risk of loss through bad debts, while maximising profits and applying risk-based pricing, where appropriate. To evaluate, manage and monitor the credit and associated risks within a complex and high value portfolio (in addition to the supervision and management of the provincial portfolios). Key Performance Areas: Functional Strategy Execution Portfolio Management Finance Management People Management Risk Management and Reporting Stakeholder Engagement Key Tasks and Accountabilities: Functional Strategy Execution Collaborate with Head: Credit and Head: Intuitive Credit to contribute subject matter input towards the development of the Intuitive Credit Strategy.Participate in the development of the Provincial Credit strategy by ensuring that the region remains up to date with industry developments, both within and outside the Bank, as well as alignment to the overall Banks strategy.Conduct research of various industries, best practice methodologies and changes in markets thereby identifying risks to adjust lending parameters. Portfolio Management Managing the applicable credit portfolios to ensure that any problems are identified at an early stage and the appropriate remedial action is determined and taken through escalation as appropriate.Accountable for early detection, management, and escalation of risk across the portfolios to mitigate and/or minimise potential losses.Guide and lead the business and team members in structuring credit facility options and parameters for successful application of credit approvals.Accountable for the quality of credit assessments measured as a percentage of non-performing loans and provisions raised. Finance Management Asset growth Support provincial activity and initiatives to achieve the desired sales and profit objectives. Ensure a good balance between risk taken, risk priced and the desired growth.Economic performance - Responsible for early arrear management to minimise non-performing loans in the region, and the risk of loss for the Bank. People Management Responsible for managing, inspiring, energising and driving a team of Credit/Senior Credit managers, while promoting the culture of the Bank.Manage staff to ensure that work, quality and service standards are set, achieved and maintained.Effectively delegate authority and responsibility, in line with business objectiv
https://protool.gumtree.co.za/external-link-browser.html?url=aHR0cHM6Ly9lbi16YS53aGF0am9icy5jb20vY29vcG9iX19jcGxfX18xMTA5XzcyNDk3X180OTc/dXRtX3NvdXJjZT1ndW10cmVlJnV0bV9tZWRpdW09ZmVlZCZrZXl3b3JkPQ==&jid=1183824&xid=1109_72497
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Robert Walters South Africa
A leading local bank is seeking a *Credit Manager, *to be based in KwaZulu-Natal, with 5+ years relevant experience to join their Credit Wealth team.
You must have a proven track record of having a mandate of R10 million +.
*Key Responsibilities of the Credit Manager:*
* Evaluating portfolio risks and making final credit decisions
* Interacting with other departments regarding credit management strategies
* Driving an increase in the average balance of assets
* Reducing percentage of non-performing loans
* Alleviating bad debts
* Assessing credit applications and managing credit approvals
* Mitigating risk by efficiently managing a high risk portfolio
* Managing limits that are in excess of the normal limit
* Applying debt restructuring principles
* Driving excellent customer service delivery
* Ensuring compliance to Basel II
* Knowledge on relevant legislative amendments and industry best practices
* Preparing credit reports for presentation
* Involved in ongoing projects
*Key Qualifications and Experience required for the Credit Manager:*
* BCom degree (Minimum) (i.e. Finance)
* 5+ years credit experience
* Credit Mandate of R10 million and above - *NB*
* Banking experience (ideally in the wealth sector)
* Judgemental credit lending experience
* *
*Key Competencies:*
* Go-getter
* Team player
* Self-starter
* Drives process improvement
* Results driven
If you suit the above requirements, please apply ASAP! This is an urgent hire.
https://protool.gumtree.co.za/external-link-browser.html?url=aHR0cHM6Ly9lbi16YS53aGF0am9icy5jb20vY29vcG9iX19jcGxfX18xNTU1XzIyODY2X180OTc/dXRtX3NvdXJjZT1ndW10cmVlJnV0bV9tZWRpdW09ZmVlZCZrZXl3b3JkPQ==&jid=1179567&xid=1555_22866
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We are currently recruiting for a Credit Manager in Thabazimbi The Credit Manager will also be involved in monitoring market conditions and any regulatory changes that would require changes to credit policies, procedures, and guidelines related to SME lending.Key Accountabilities & Duties.Loan origination and processingImplement loan origination strategies with lending teamReview and recommend credit applications and transactions within assigned credit limits in a timely mannerProvide independent, objective reviews and recommendation to credit applications and other matters which have been agreed to and/or recommended by the Loan OfficersReview all loan applications and sign off prior to submission to senior management, to ensure the completion of due diligence and adherence to the company’s policies and guidelinesProvide motivation for recommendations on credit transactions/applications and communicate effectively with Loan Officers to ensure rationale and decision is clearly understoodWrite succinct credit memos or credit announcements to communicate credit perspective and rationale for new credits and credit extensionsCommunicate with Loan Officers about specific credit applications and transactions to seek further information and modifications, if needed. Discuss appropriate structuring for the deal and criteria required for approval. Ensure that all information is credible, accurate, and relevant, including analysis and evaluation of the technical aspects (e.g., financial analysis, credit terms, structure, and collateral)Review approval letters and loan agreements to ensure credit terms and conditions are recordedReview and recommend disbursements according to policies and guidelines to ensure lending conditions are metSupport the healthy and sustainable growth of a profitable loan portfolio by ensuring the credit granting and implementation is within the company’s prescribed asset quality standardsMaintain records of loan applicationsMonitoring and CollectionsActively monitor loans after disbursement according to guidelines and policiesActively monitor the implementation of funded projects to ensure timely completion and invoicing by SMEsOversee collections and implement collection activities timeouslyMinimise bad debtsMonitor and manage service indicators (response time, customer satisfaction etc) for the Credit ProcessManage customers complaints ( incl annual customer survey)ReportingWeekly, monthly, quarterly, semi-annually and annual reporting to senior management on lending activitiesPrepare reports for Board and external stakeholdersOrganisation DevelopmentSupport Loan Officers to ensure client and other stakeholder satisfactionRespond to and resolve escalated issues raised by the Loan OfficersStandard staff management responsibilities ( Performance contracts, training etc)Contribute to the development and implementation of sound SME lending guidelines and policiesMonitor market conditions and make recommendations for enhancements to
https://protool.gumtree.co.za/external-link-browser.html?url=aHR0cHM6Ly9lbi16YS53aGF0am9icy5jb20vY29vcG9iX19jcGxfX18xMjY2XzQyMjM4X180OTc/dXRtX3NvdXJjZT1ndW10cmVlJnV0bV9tZWRpdW09ZmVlZCZrZXl3b3JkPQ==&jid=1152816&xid=1266_42238
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The Retail Credit Manager role forms part of the Credit Risk Management (CRM) team and is primarily responsible for managing an assigned portfolio of Retail Banking borrowing clients. The Retail Credit Manager plays a lead role in the credit risk engagement with the Retail segment business team who manage the overall client relationship. The role is to primarily oversee the retail credit granting process for Access Bank. To optimize the Bank’s retail targets and reduce bad debt losses by adhering to the local Credit Policy Guide and the National Credit Act (NCA). The Retail Credit Manager will oversee and be party to evaluating the creditworthiness of existing and prospective retail customers against set policies, procedures and National Credit Regulator (NCR) guidelines as well as taking accountability for the overall Retail credit portfolio management.
*1 Credit Evaluation 40 % *
• To approve and decline credit applications based on sound justification against the Bank’s Credit policy and National Credit Act requirements as per National Credit Regulator
• To evaluate credit applications in line with the Bank’s credit scoring models
• To determine loan interest rates in line with the Bank’s retail Pricing Matrix, Credit Score and as prescribed by the National Credit Act 2 / 2
*2 Facility Reviews 10 %*
• To conduct facility review assessments of existing customers
• To assist Business to ensure that reviews are conducted annually and timeously
• To timeously issue quotations and facility letters
*3 Post-fulfillment 20 %*
• To exercise effective post-lending monitoring to ensure that facilities are maintained in accordance with conditions of sanction and covenants
*4 Portfolio Management 20 % *
• To apply appropriate action on the daily referral report to minimise the Bank’s risk. This is to be done by effectively dealing with unauthorized excesses and overdrawn positions
• To closely monitor and control arrear loan accounts
• To timeously monitor deterioration in the lending book and action same per loan classification policies and guidelines
• To recommend accounts to the Watch list and Criticized Assets Committee for closer and significant monitoring
• To timeously recommend hand over of delinquent accounts to NPL section for rapid action and recovery process
*5 Reporting 10 %*
• Maintain proper records of the lending bookings
• To produce reports regarding of the lending book when called to do so
• To contribute to improving processes and efficiencies within the department
*Business Planning/ Decision Making*
• Daily task planning and prioritazion of expected deliverables for timeous execution and delivery of expected outcomes
• Adherence to SLA requirements within the Retail business segment
• Effective and sound decision making
*Policies and Procedures*
• To analyse and assess credit applications in accordance with approved policies and procedures and ensure that credit exposures are created
https://protool.gumtree.co.za/external-link-browser.html?url=aHR0cHM6Ly9lbi16YS53aGF0am9icy5jb20vY29vcG9iX19jcGxfX18xNTU1XzE1MDU1X180OTc/dXRtX3NvdXJjZT1ndW10cmVlJnV0bV9tZWRpdW09ZmVlZCZrZXl3b3JkPQ==&jid=1160063&xid=1555_15055
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