Credit Manager

at PRO Personnel Employment Agency
Location Thabazimbi, South Africa
Date Posted
Category Management
Work Hours Day
Salary Units MONTH
Currency ZAR



Job Summary

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 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


Actively monitor the implementation of funded projects to ensure timely completion and invoicing by SMEs


Oversee collections and implement collection activities timeously


Minimise bad debts


Monitor and manage service indicators (response time, customer satisfaction etc) for the Credit Process


Manage customers complaints ( incl annual customer survey)






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 Officers


Standard staff management responsibilities ( Performance contracts, training etc)


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 experience required



10 years’ experience in financial management and project management; OR


10 years’ experience in Credit/Loan management



Some SME lending experience is advantageous


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


Experience working with a lending software


Interested candidates can send their CV