Credit Analyst- (JOB JS)

Credit Assessment & Risk Management

• Analyze credit bureau reports, bank statements, and KYC documents to evaluate applicants creditworthiness, financial health, and compliance with regulatory standards.
• Conduct in-depth financial analysis and risk assessments for loan applications.
• Evaluate loan applications and make informed credit decisions within the company's risk appetite.
• Identify potential risks and recommend mitigation strategies to minimize defaults.

Loan Settlement

• Before initiating settlement, assess the borrower's repayment capacity to ensure the total settlement amount is feasible
• Handle settlements for all current obligations of the borrower
• Obtain proof of all settlements from the customer to confirm successful loan closures.
• Assist customers in setting up standing order/direct debit for smooth repayment of consolidated loans.
• Work with internal credit risk and legal teams to ensure faster disbursement of the refinanced loan
• Ensure compliance with regulatory guidelines and company credit policies

Customer Assistance & Support:

• Guide borrowers through the loan settlement process, explaining terms and obligations
• Address borrower concerns, resolve disputes, and provide financial counseling where necessary
• Ensure borrowers understand the impact of settlements on their credit profile

Data Analysis and Reporting:

• Track and analyze performance, default trends and prepare regular reports on settlements outcomes
• Use Excel and CRM tools to manage and analyze large datasets on risk assessment and loan settlements
• Provide data-driven insights to improve credit analysis and mediation strategies leading to improved success rates

Cross-Functional Collaboration:

• Coordinate with credit risk, customer service and legal teams to optimize risk assessment and mediation strategies
• Work closely with external lenders and financial institutions to ensure smooth loan closure
• Communicate settlement terms and progress effectively with all stakeholders