Head of Credit - Umhlanga at Ignition Group

Key roles and responsibilities : 

Data Analysis and Insights

• Analyse consumer credit data to identify buying patterns and purchasing power.
• Use statistical methods and software to interpret data sets.
• Generate insights on customer creditworthiness and purchasing behaviour.

Credit Recommendations:

• Make data-driven recommendations on the amount and type of credit to extend to customers.
• Determine optimal credit terms and repayment periods based on analysis.
• Advise on when to increase or decrease credit limits to maximize returns and minimize risk.

Risk Management

• Assess and monitor credit risk associated with extending credit to consumers.
• Develop and implement strategies to mitigate potential credit risks.
• Monitor changes in consumer credit profiles and adjust credit policies accordingly.

Collaboration and Communication

• Work closely with the Product Marketing and Customer Relationship Manager to align credit policies with marketing strategies.
• Communicate findings and recommendations to senior management and other stakeholders.
• Provide regular reports on credit performance and risk metrics.

Credit Policy Development

• Develop and refine credit policies based on data analysis and business objectives.
• Ensure credit policies comply with regulatory requirements and industry standards.
• Continuously improve credit assessment processes and tools.

Performance Monitoring

• Track and report on the performance of credit strategies and their impact on business outcomes.
• Use predictive modelling to forecast future credit trends and potential risks.
• Analyse the impact of credit policies on customer retention and revenue growth.

Requirements

Knowledge, skills and attributes:

• Strong analytical skills with the ability to interpret complex data sets.
• Proficiency in statistical analysis software (e.g., SAS, SPSS, R, Python).
• Knowledge of credit scoring models and risk assessment techniques.
• Attention to detail and strong problem-solving abilities.
• Ability to work collaboratively in a team environment.

Education and training:

• Bachelor’s degree in finance, Economics, Statistics, Data Science, or a related field.

Experience:

• Proven experience in credit analysis, risk management, or related roles ideally in a banking environment.
• Experience with data visualization tools (e.g., Tableau, Power BI).
• Excellent communication and presentation skills.