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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