Nothando Mabunda
Credit And Risk Management
Durban
Summary
Reliable business professional with experience in credit and risk management, process improvement and financial analysis. Proven track record of successfully participating in deal making teams by actively contributing to improvement in business credit decisions. Adept at analyzing data to identify trends and developing strategies to improve efficiency within the team and organisation.
Forward-thinking well rounded credit analysis, credit risk management, corporate governance with 20 years of expertise in business credit environment in financial institutions. Fluid cultivating rapport with individuals to optimize business goals and output, contributor towards resolving complex problems and delivering of innovative improvement strategies.
Overview
25
25
years of professional experience
10
10
years of post-secondary education
1
1
Certification
Work History
Credit and Post Investment Monitoring Officer
KZN Growth Fund Trust
Durban
04.2017 - Current
- Analyzed customer data such as financial statements to determine level of risk involved for extending credit.
- Conducted industry research to understand economic conditions impacting borrower ability to repay loans.
- Monitored credit accounts routinely to identify and mitigate issues and prevent losses.
- Participated in loan committee meetings to provide input on lending processes.
- Reviewed credit reports to comprehensively view borrowers' credit history and identify potential red flags.
- Improved understanding of financial statements, which helped in assessing risk.
- Created and reviewed credit policies, processes and procedures to maintain compliance with banking regulations.
- Analyzed and monitored portfolio credit performance against expectations and recommended improvement strategies.
Credit Risk Manager
Nedbank Business Banking
Johannesburg
09.2011 - 03.2017
- Obtained and reviewed credit reports, credit references, credit insurance and financial statements to establish credit limits for new accounts.
- Reduced past due balances and bad debt by coordinating collection efforts with business banking service and other segment departments by 5%.
- Conducted ongoing reviews to monitor portfolio performance and identify strong and weak areas.
- Checked appraisals, title information and insurance documents for each property.
- Performed semi-annual account credit limit reviews and credit increase review requests from financial service and sales teams.
- Structured complex transactions and negotiated complex credit documentation to mitigate risk.
- Interacted with credit and front office colleagues to review credit reports.
- Executed risk assessment programs to identify and quantify risks and associated controls.
- Analyzed applicants' financial status and credit and property evaluations to determine loan feasibility.
- Collaborated with credit managers and business manager to create and deliver presentations for senior management.
- Identified proper exception codes, regulatory leverage designations and risk ratings to manage portfolio risk.
Credit Assessor
Nedbank Retail Business
Johannesburg
04.2008 - 03.2010
- Conducted financial review of customer lines of credit by assessing company financials and initiating credit application reviews.
- Made decisions and recommendations about extending lines of credit.
- Reviewed and approved or denied credit applications to keep organization profitable by making informed lending decisions.
- Gathered loan documentation for underwriting.
- Conducted presentations to upper management and executive teams for loan recommendations.
- Attended credit-related training and conferences to stay informed about industry trends and developments.
- Investigated and resolved customer disputes related to credit decisions.
- Analyzed creditworthiness of loan applicants and determined credit risk of loan requests.
- Performed credit reviews on corporations to assess financial conditions.
Credit Administrator
Nedbank Corporate Banking
Durban
01.2007 - 03.2008
- Processed recurring automated payments and credit card payments.
- Oversaw reporting, documentation and recordkeeping requirements for department.
- Obtained and reviewed credit reports, credit references, credit insurance and financial statements to establish credit limits for new accounts.
- Referred delinquent accounts to collections department or outside resources.
- Performed semi-annual account credit limit reviews and credit increase review requests from financial service and sales teams.
- Reported key performance indicators to department heads for management of positive cash flow and to adjust credit risk policies and procedures.
- Negotiated settlements and payment terms with customers and delivered customized payment plans.
- Streamlined processes for early identification of potential credit system and monitoring problems.
- Obtained and interpreted financial statements to assist in credit limit reviews.
- Work cross-functionally with sales, management and other departments to maintain effective operations.
Credit Analyst and Credit Administrator
ABSA
JOhannesburg
11.2003 - 12.2006
- Assessed credit risk and analyzed financial statements.
- Made decisions and recommendations about extending lines of credit.
- Analyzed customer data such as financial statements to determine level of risk involved for extending credit.
- Conducted financial review of customer lines of credit by assessing company financials and initiating credit application reviews.
- Participated in loan committee meetings to provide input on lending processes.
- Reviewed and approved or denied credit applications to keep organization profitable by making informed lending decisions.
- Analyzed credit scores to determine borrowers' creditworthiness.
- Monitored credit accounts routinely to identify and mitigate issues and prevent losses.
- Maintained compliance with applicable regulations and laws governing consumer credit.
- Improved understanding of financial statements, which helped in assessing risk.
- Analyzed and monitored portfolio credit performance against expectations and recommended improvement strategies.
- Complied with internal controls and government regulations.
- Negotiated payment plans and loan terms with delinquent customers.
- Analyzed creditworthiness of loan applicants and determined credit risk of loan requests.
- Performed credit reviews on corporations to assess financial conditions.
Various Positions in Finance Administration
JHI Property Services, Nedcor, Avroy Shlain, Boake Incorporated
Johannesburg
09.1998 - 01.2003
- Applied effective time management techniques to meet tight deadlines.
- Completed clerical and data entry tasks to optimize financial procedures.
- Interacted with customers by phone, email, or in-person to provide information.
- Processed documents and materials to disseminate information to appropriate parties.
- Issued invoices and followed up on outstanding payments to remind clients to pay on time.
- Maintained filing system and organized customer documents for easy retrieval of information.
- Generated monthly billing and posting reports for management review.
- Collaborated with customers to resolve disputes.
- Monitored outstanding invoices and performed collections duties.
- Processed payment via telephone and in person with focus on accuracy and efficiency.
- Maintained accurate records of customer payments.
- Presented audit findings to accounting manager after reviewing results and paperwork.
- Supported senior audit clerk with preparation of audit files by processing invoices and documents with consistent on-time delivery.
Education
MBA - Masters in Business Administration
Regenesys Business School
Sandton, South Africa 03.2022 - Current
Post Graduate Diploma - Risk Management
UNISA
01.2022 - 06.2023
Credit Management
UNISA
Pretoria, South Africa 01.2008 - 10.2009
Bachelor of Commerce - Accounting
University of Swaziland
Swaziland 03.1993 - 06.1998
Certificate of Competence - Business Rescue Decision Making
University of Pretoria
Pretoria 12.2021 - 12.2021
Certificate of Competence - Foundations of Risk Management
Wits Business School
Johannesburg 11.2022 - 01.2023
Skills
Advanced financial analysis
Certification
Certified Director, Institure of Directors South Africa
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Project management
Credit and Risk Project Management
Credit Impairments, Policies, and Risk Management project aims to enhance the credit risk management practices of a financial institution. The project focus on developing and implementing robust credit impairment methodologies, updating credit policies, and strengthening risk management frameworks. By improving these aspects, the organization can make more informed credit decisions, reduce credit losses, and ensure compliance with regulatory requirements.
Project Objectives:
By successfully managing this project, the organization will strengthen its credit risk management practices, mitigate credit impairments, and improve overall financial stability and performance.
Organisational Value Add - Risk Officer Role
Reporting to the Chief Risk officer providing support of risk management function by advising the board and management of potential risks that may threaten the operations of the organization. Responsible for identifying, assessing recommend mitigation measures and make decisions on how to prevent, avoid and transfer the risks.
Timeline
Certified Director, Institure of Directors South Africa
06-2023
Certificate of Competence - Foundations of Risk Management
Wits Business School
11.2022 - 01.2023
MBA - Masters in Business Administration
Regenesys Business School
03.2022 - Current
Post Graduate Diploma - Risk Management
UNISA
01.2022 - 06.2023
Certificate of Competence - Business Rescue Decision Making
University of Pretoria
12.2021 - 12.2021
Credit and Post Investment Monitoring Officer
KZN Growth Fund Trust
04.2017 - Current
Credit Risk Manager
Nedbank Business Banking
09.2011 - 03.2017
Credit Assessor
Nedbank Retail Business
04.2008 - 03.2010
Credit Management
UNISA
01.2008 - 10.2009
Credit Administrator
Nedbank Corporate Banking
01.2007 - 03.2008
Credit Analyst and Credit Administrator
ABSA
11.2003 - 12.2006
Various Positions in Finance Administration
JHI Property Services, Nedcor, Avroy Shlain, Boake Incorporated
09.1998 - 01.2003
Bachelor of Commerce - Accounting
University of Swaziland
03.1993 - 06.1998
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