Senior Manager

The Foschini Group

Cape Town North

1d ago

Position Description :

Senior Manager : Credit Risk

Provisioning, Collections & Recoveries

A demanding and challenging opportunity has arisen within the Credit Risk Department of TFG Financial Services for a dynamic, highly motivated individual to provide analytical solutions that will improve decision making throughout the credit life cycle.

The successful individual will be working closely with the Credit Risk, Finance & Operations teams.

Key responsibilities :

Responsible for expected credit loss & partial asset forecasting, informing provision overlays with empirical portfolio evidence.

Managing, initiating and driving initiatives, reporting and forecasting on the recoveries portfolio, including active debt review, allocation / withdrawal and placement strategies with external agencies, debt sales and valuations to potential debt buyers.

Job description

Credit owner of IFRS9 provision forecasting, incorporating portfolio strategy, macro-economic expectation etc. into the outlook

Recovery Policy Management & compliance with legislation

Development and deployment of credit strategies, segmentation and forecasting models across the credit life cycle (Collections, Recovery Management)

Providing analytical solutions to complex business problems

Support to operations on managing the Recoveries portfolio e.g. External Debt Collectors’ target setting and expectation management

Documentation of analytical processes and results, adhering to agreed documentation standards

Effective communication and presentation of analytical results and credit-related topics across the business

Data mining of credit bureau and other external data to provide insights and trends

Extraction and preparation of data for internal development projects as well as outsourced solutions

Managing a small team of individuals

Key member of the provisioning technical committee

This role requires diverse stakeholder management

Liaise with key stakeholders in the credit risk and finance teams to communicate consequences of risk strategy changes on IFRS9 provisions

Liaise with operational teams to manage recoveries strategies and initiatives

Liaise and manage external agencies that collect on our recoveries accounts and sell strategy changes and improvements

Liaise with debt buyers when doing valuations for debt sales

To take up this position you should have :

A degree in a numerate discipline, preferably Statistics / Mathematics / Operations Research / Engineering (Honours / Masters degree preferable)

5+ years as senior analyst, forecasting or credit collections / recoveries

Forecasting experience

Advanced Excel experience

Knowledge and experience in statistical / data management software packages (SAS / SQL) Enterprise Miner would be advantageous

Knowledge of the credit industry and credit life cycle management

Experience with data mining and statistical techniques such as logistic regression, decision trees, cluster analysis etc

Excellent data interpretation skills

Good strategic and conceptual abilities

Advanced problem solving, judgment and self management skills

Working as a Credit Manager & Analytical Specialist, you will have strong communications skills, be commercially aware and be a good team player.

You will also need to be numerate with a strong commitment to the improvement of the credit risk strategy.

Preference will be given, but not limited to, candidates from designated groups in terms of the Employment Equity Act.

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