Reference: RTB002513-D-1Our client in Gauteng, Midrand is looking for a Credit Manager:
Job Purpose & SummaryReporting to the Managing Director, the Credit Manager will have the overall responsibility for the credit/lending function. Key areas of responsibility include the following:

Making sound credit decisions in line with company's risk appetite, tolerances and policies, procedures, and guidelines.
Developing and maintaining strong relationships with both the internal team and external partners to ensure stakeholder satisfaction
Monitoring market conditions and any regulatory changes that would require changes to credit policies, procedures, and guidelines

Key Accountabilities & DutiesLoan origination and processing

Implement loan origination strategies with lending team
Review and recommend credit applications and transactions within assigned credit limits in a timely manner
Provide independent, objective reviews and recommendation to credit applications and other matters which have been agreed to and/or recommended by the Loan Officers
Review 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 guidelines
Provide motivation for recommendations on credit transactions/applications and communicate effectively with Loan Officers to ensure rationale and decision is clearly understood
Write succinct credit memos or credit announcements to communicate credit perspective and rationale for new credits and credit extensions
Communicate 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 recorded
Review and recommend disbursements according to policies and guidelines to ensure lending conditions are met
Support 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 standards
Maintain records of loan applications

Monitoring and Collections

Actively monitor loans after disbursement according to guidelines and policies
Oversee collections and implement collection activities timeously
Minimise bad debts

Reporting

Weekly, monthly, quarterly, semi-annually and annual reporting to senior management on lending activities
Prepare reports for Board and external stakeholders

Organisation Development

Support Loan Officers to ensure client and other stakeholder satisfaction
Respond to and resolve escalated issues raised by the Loan Officer
Contribute to the development and implementation of sound SME lending guidelines and policies
Monitor market conditions and make recommendations for enhancements to existing policies, procedures and guidelines
Assess the impact of regulatory changes to existing policies, procedures and guidelines
Provide support in strategic projects, policy and process improvements initiatives related to the business

Occupational Experience & Education Requirements

Bachelor's Degree or diploma in business or a related field
Minimum 5 years SME lending experience is required
Additional SME support services experience is considered advantageous

Knowledge, Skills & Attributes

Sound credit judgement. Ability to understand the risk return trade-off and come up with well thought-out solutions to mitigate credit risk
Ability to articulate complex credit applications into succinct and balanced recommendations
Understanding of commitment letters and other legal documents from a credit perspective
Financial Statement analysis experience
Understanding of SME lending practices and end-to-end credit process
Analytical skills and attention to details
Problem-solving capabilities and excellent organizational and time management skills
Proficiency with MS Office Suite of products
Must have valid Driver's License

Experience working with a lending softwareWe're a fund manager with 12 months operations focusing on the SME space only. We offer two products, purchase order funding and invoice discounting. We're looking for a Credit Manager to run the lending operations of our growing business. We have a preference for candidates that have purchase order and invoice discounting experience. Our operations are across the country, but the Credit Manager will be based in Johannesburg, Midrand with travel once or twice monthly to the operating offices. The budget for the role is R400,000 - R500,000 annual total cost to company before 10-20% annual bonus on achievement of targets.