Credit Analyst: Early Arrears

Requisition number: 134481

Closing date: 28 June 2024

Location: Namibia - Windhoek

Job Family

Credit

Career Stream

Credit Recoveries

Leadership Pipeline

Manage Self: Professional

Job Purpose

Early identification and recovery on overdue accounts (0 – 180 days to reduce Non-Performing Loans/Impairments and possible losses to the Bank.

Key Responsibilities

• Conduct assessment of clients’ financial position to propose viable and bankable re-structuring solutions of distressed client facilities to recover situation as soon as possible, ensuring that the necessary action is taken as per SOP.

• Build and maintain effective internal and external client relationships by understanding clients’ financial situation and providing the necessary guidance to ensure that amicable repayment plan is agreed upon.

• Rehabilitate arrears or defaulted accounts by evaluating risk and ensuring the best solution for all parties is implemented or handover portfolio to legal collections.

• Implement sound credit risk management by, providing advice on credit risk matters to sales.

• Notify clients of arrears accounts by preparing relevant correspondence as per SOP.

• Contribute to building intellectual capital of the team by knowledge sharing with all stake holders.

• Ensure compliance to legislation by making recommendations based on the credit policy guidelines.

Key Responsibilities Continue

• Keep abreast of legislation and other industry changes that impacts on role by reading the relevant newsletters, website and attending sessions.

• Ensure information is provided correctly to stakeholders, by maintaining knowledge, sharing knowledge with team.

• Contribute to a culture conducive to the achievement of transformation goals, by participation in Nedbank Culture building initiatives (e.g. staff surveys)

• Participate and support corporate social responsibility initiatives, for the achievement of key business strategies.

• Identify and recommend opportunities, to enhance processes, systems and policies and support implementation of new processes, policies and systems.

Abilities Requirements

• Good understanding of basic credit requirements and client repayment ability assessment

• Demonstrate sound knowledge of the Bank’s Products and Credit Policies

• Knowledge of Bank of Namibia and Reserve Bank policies and rules, will be an advantage.

• Strong analytical and computer skills, good interpretative skills as well as excellent interpersonal and communication skills are required.

• Must be able to meet stringent deadlines and perform under pressure.

• Building and maintaining effective relationships with internal and external stakeholders

• Must be able to work independently

Essential Qualifications - NQF Level