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Credit Risk Analyst

Risk & Compliance

Context & Environment

Meeting of stringent deadlines with regards to timeous reports and audit requirements High degree of responsiveness expected from Commercial divisions
Cross-department collaboration
Risk sensitivity to high risk economic cycles in South Africa and business
Necessity to analyse rapidly financial information in stressed scenarios

Activities

As a Credit Risk Analyst, you will be responsible for the following activities:

Credit risk management:

To process and review all credit applications for clients within the business segments assigned by conducting risk assessments on new customers to determine customer’s credit worthiness and the risk of default to TMSA aligned to the organisation’s policies and standards and conduct ongoing risk assessments on existing customers.
Assess, analyse, and interpret financial statements and client credit data to determine the degree of risk involved in dealing with the customer
Monitor economic indicators which may affect credit risk and collections and provide appropriate recommendations to Business.
To apply an ongoing reviewing methodology on all credit limits within the various channels of trade and to monitor and report on all Credit limits changes
To manage timeous annual credit reviews on all customers with credit limits
Recommend collateral where necessary and ensure validity and legal enforceability.
To notify credit insurance of any defaults and submit claims timeously to enable timeous settlement as well as follow up on any pending claims.
To ensure that Credit insurers are fully informed of status of the debtors
To establish a suitable Credit Limit for customers in line with delegation of authorities
To offer effective customer collections support to the Accounts receivable team in analysing the performance of the debtor’s book
To ensure P&L budget objectives are adhered to with regards to Bad Debt Provision and Bad Debt write off.
To provide assistance to the Auditors on all requirements (for internal and external audits).
Build and manage relationships with key stakeholders - (Credit Bureaus, Insurance houses, Banks, Business Team, etc).
To perform ad-hoc credit risk management related activities.
To support initiatives within the Finance and IS division.

Reporting:

To provide an accurate and ongoing reconciliation of securities and approved Credit limits.
To analyse the Credit Results on a monthly basis and to provide the Accounts Receivable Manager Managers with a guideline of ensuring accurate and prompt collections in lieu of critical risk elements.
To assist Conduct DMA analysis reports for accounts with limits upon reviews.
To assist Calculate and prepare of the DSO report for business as when requested.
To assist with provisions, accruals, priority controls, KPC and WCR reporting.
To assist with trade insurance declarations.
Assist with preparation for the Credit Committee presentation.

Stakeholder management

Build and maintain positive relationships with relevant internal and external stakeholders
Assist internal sales partners with credit decisions and with communicating the adaptation and application of the group credit policy, Company’s act, and National Credit Act
Provide support to the team and business

HSSE:

To effectively manage and minimise HSE risk within area of responsibility by ensuring: Compliance with all HSE Policies, rules, guideline and legal requirements. Promotion of safe working environment and positively contributing to the company HSE KPIs and risk reduction strategies. That HSE competency requirements are identified & enforced within area of responsibility

Candidate Profile

The ideal candidate will possess the following qualities, skills, and experience to thrive in this role:

B Comm degree is a requirement.
Minimum of 3 years’ experience business related experience.
Understanding of Commercial Law.
Ability to analyse financial statements.
Key competencies required: deciding and initiating action, adhering to principles and values, presenting and communicating information, analysing, planning & organising, delivering results, meeting of customer expectations, support business ambition, strong understanding of credit analysis and policies, good understanding of risk management principles, excellent time-management skills.
Technical competencies required: good working knowledge of accounts receivable module of SAP, good SAP report writing skills, good working knowledge of Microsoft products, support digitalization of processes & people management.
English is the business language.

Additional Information

TotalEnergies values diversity, promotes individual growth and offers equal opportunity careers.

Domain: Finance

Type of contract: Regular position

Experience: Minimum 3 years

Employer company: TotalEnergies Marketing South Africa (Pty) Ltd