Job description for Credit Analysis / Credit Risk Team Lead
Credit Analysis / Credit Risk Team Lead develops and implements procedures for analyzing the credit worthiness of prospect and current customers. Manages a group of customers and approve requests for credit extensions based on the analyst recommendations. Being a Credit Analysis / Credit Risk Team Lead may personally handle large / more complex account reviews.
Skills:
A Credit Analysis or Credit Risk Team Lead requires a combination of skills to effectively manage credit risk and lead a team. Below are some essential skills we are looking for:
Communication Skills:
- Clear and effective written and verbal communication to influence and interact with stakeholders.
Analytical Skills:
- Ability to review financial documents and analyze information contained within them.
- Identify key areas such as omissions, errors, and potential fraud that may affect the review process.
- Use various reporting tools and software like Excel, to analyze data and make informed decisions.
Due Diligence:
- Demonstrate great attention to detail when reviewing customer financials.
- Detect any error or omission of information that could affect the credibility of the review process.
Responsibilities: (Monitor > Perform> Coach > Report > Communicate)
The responsibilities of a Credit Analysis or Credit Risk Team Lead are multifaceted and involve overseeing the credit risk management process. And here are some key responsibilities:
- Monitor: Oversee the following activities performed by the team:
- Evaluating Credit Risk: Assessing the credit risk of our customers by analyzing financial information, such as earnings, debt repayment history, and purchase activities, etc.,
- Analyzing Financial Data: Reviewing and analyzing financial statements like balance sheets, income statements, and cash flow statements to evaluate a customer’s financial health.
- Conducting Industry Research: Investigating the industry or market in which the customer operates to identify potential risks and trends that may affect their creditworthiness.
- Preparing Reports: Creating detailed reports using financial data and visual aids to help the approver (Stakeholder) understand the analysis and recommendations. (Writing detailed reports -Create reports using charts, graphs, and other visual aids to help make credit decision).
- Perform:
- handle large / more complex account reviews.
- Coach:
- Provide credit specific coaching to newer or less experienced members of the team.
- Provide strong leadership to Credit Analyst team ensuring independent, quality and timely credit analysis.
- Report:
- Support Business in the on ad hoc projects and strategic initiatives.
- Manage SLAs.
- Publish metrics based on financial metrics to demonstrate quality and timeliness on credit work.
- Communicate:
- Prime point of contact for the team and stakeholder communication.
- Adhere to credit policy and guidelines.
Qualifications:
The qualifications for a Credit Analysis or Credit Risk Team Lead typically include a combination of education, certifications, and experience. Here are the key qualifications:
- A master’s degree in finance and accounting or a Master of Business Administration (MBA) degree in finance or a related subject is preferred.
- 8–10 years of proven working experience (5 years as a credit analyst and 3 Years in handling a small team is preferred).
FIN FSCM - SAP Financial Supply Chain Management application experience a plus.
