Junior Credit Analyst - KZN

CORE PURPOSE OF THE JOB

To provide for the preparation of Credit proposals required by the Executive Credit Committee, encompassing the analysis of clients’ financial position in order to determine whether or not Finance can be extended for assets and/or trade.

MAIN FUNCTIONS OF THE JOB

Credit Proposals

• Analysis of financial statements and management accounts in order to assess financial performance of applicants as well as guarantor entities which includes preparation of Income Statement, Balance sheet spread and consolidation of Information where applicable
• Analysis of Value Added Tax (VAT) returns and book debts
• Research market trends, perform qualitative reviews, corporate ratings and determines affordability of repayments
• Obtains information on clients’ background, nature of business, location,

  Management, customer and supplier information

• Requests Kreditinform report to determine clients Credit history, bank reports and security confirmations if it is related to a trade client
• Creates a SWOT analysis in order to identify risks associated with clients thus highlights the banks awareness to potential hazards
• Summarises detailed needs and requirements of clients and comments on utilisation
• Prepares and updates detailed manual exposure report for Group in terms of security by ensuring securities are correctly loaded, financials are updated on relevant system, qualitative review status is updated, valuations are up to date and follows up on arrears if applicable
• Provides sensitivity analysis for each application within the proposal
• Prepares information sheet and requests Trust reviews from Legal department
• Identifies risks with respect to client and/or Industry and mitigating factors
• Responds to queries made by Management Credit Committee (MCC), Executive Credit Committee (ECC), Board Credit Committee (BCC) and Board of Directors(BOD) relating to the proposal as and when required
• Prepares Executive summarises for Board Credit Committee (BCC) and Board of Directors(BOD) submissions as and when required.
• Value added / innovation / risk assessment incorporated in credit reports

  Analysis of Book Debts

• Conducts analysis of book debts on a monthly basis for clients, whose cession of book debts are held as security which entails liaising with clients to determine recoverability of book debt balances that are outstanding
• Determines updated book debt security amounts and updates on the system
• Prepares book debt pack schedules which entails security values for each client and risk rating on a monthly basis
• Liase with clients with regards to book debt queries
• Responds to queries on the analysis raised by the relevant Committees

  TradeFinance Reviews

• Maintains and updates trade review lists and registers for all trade and revolving asset facilities by updating review dates, level of facilities, ECCM approval dates, date review letter submitted and includes updating for all new clients
• Maintains and updates tracking schedule which includes clients name, date submitted, purpose of application, ECC date approved/declined, next review date and facility amount approved
• Maintains and updates outstanding information lists for each application and subsequent follow up

  Review Letters

• Prepares trade review letters requesting financial information from clients and/or the clients accountants for annual trade reviews
• Follows up on receipt of letters and submission of information on an ongoing basis

  General

• Follows up on financial information required from clients such as financial statements, management accounts, VAT returns, Assets and Liabilities statements, Income and Expenditure statements, Banking details and queries relating to Financial statements, etcetera
• Obtains and reviews FICA documentation for all new and existing clients
• Completion of the necessary checklist
• Compiling and maintaining of deal files
• Assists the SMME Branch with any sales administrative queries.
• Liaises with the Technical Support team for documents
• Facilitates the request for documentation from the Technical Support team