Asset Finance Analyst (CAF - CIB) at Absa

Job Summary

• The overall job purpose of an Asset Finance Analyst is to ensure that credit applications and dealer approvals are of an acceptable risk profile, appropriate quality and conforms to Absa Credit’s lending policy and that applications are timeously compiled and submitted for credit assessment. The Asset Finance Analyst also supports the front-end sales team’s short and long-term objectives and deals with a range of credit requests even in the absence of the Asset Finance Consultant.

Job Description

Accountability: Prepare Credit Applications 

•  Liaise with Business Development Officer (BDO) / Relationship Executive (RE), clients and other stakeholders to understand the process or requirements of credit applications for all clients concerned. 
•  Conduct research on the industry in which the client operates to understand the industries overall profitability, industry trends and client’s market standing relative to its competitors. 
•  Perform robust financial and non-financial analysis on the client that will support and underpin all new proposals for commercial asset finance in terms of the clients’ credit risk implications. 
•  Maker use of clients’ historical data for example, its financial statements to forecast the clients potential growth and sustainability. Conduct a sensitivity/scenario analysis to determine the impact that a change, in for example the economy, political situation, consumer demand, etc. will have on the clients’ financial health. 
•  Based on analysis conducted structure a commercial asset finance lending solution for the client, that will account for the potential threats to the client and that is within set credit limits and the Bank’s credit lending policies and appetite. 
•  Compile a proposal which summarizes the clients background and commercial asset finance needs, the research findings and the final recommendation on which commercial asset finance credit lending solution is best for the client, for the Credit Manager to approve in the interim and escalate further for the necessary approval. 
•  Upon reviewing the client’s financials submit recommendations of risk mitigating value added insurance products to be added onto the finance agreement. These products will mitigate the risk to both the bank and the client. 
•  Facilitate the commercial asset finance credit sanctioning process by responding to sanctioned enquiries and/or attending all relevant Credit Committee meetings in order to present and sponsor commercial asset finance credit applications that have been submitted under your signature. 
•  Produce relevant management information and manage exposures including the maintenance of the relevant systems. 
•  Pro-actively manage credit risks associated with the commercial asset finance importation transactions. 
•  Compile commercial asset finance reviews, amendments and new applications to the appropriate lending authorities. 
•  Request of valuations on movable and immovable assets which serve as security for commercial asset finance facilities. 
•  Liaise with BDO / RE, clients and other stakeholders to understand the process or requirements of credit applications for all clients concerned. 
•  Gather financial information (financial statements, cashflows) to support application from client where necessary. 
•  Utilize applicable software to assess client financial information and submit financials through to Remote Balance Sheet Extraction Unit (RBEU) prior to updating a WEBICA 
•  Include the product specialist report (needs, research findings and final recommendations) as provided by BDO and include in the WEBICA application. 
•  Monitor credit lines on a continuous basis and ensure formal reviews at specified time intervals or arrange extensions. 

 
Accountability: Relationship Management 

•   Liaise with RE and BDO consultants / or clients in order to achieve acceptable levels of approved credit facilities. 
•  Accompany RE / BDO Consultants to client visits in order to obtain relevant financial information and understanding for the credit process. 
•  Liaise with group legal and prepare relevant master agreements for signature by client. 
•  If the CAF BDO is unable to meet with the client, the BA must be responsible in signing the asset based finance credit agreements with clients and provide the necessary FAIS advice. 

 
Accountability: Compliance 
 

•  Ensure that all of the Bank’s credit policies and philosophy are fully complied with at all times, and that any policy breaches have been suitably addressed and mitigated against. 
•  Ensure adherence to the Absa Business Bank credit Policy and other relevant legislation, for example during the application preparation process. 
•  Ensure adherence to commercial asset finance target market criteria and that all deviations is suitably addressed and mitigated against.

Accountability: Reporting 

•  Communicate to the RE / BDO Consultants the credit committee’s decision either through e-mail or a written document, where required. 
•  Provide weekly status report to the Regional Managers indicating completed work, work in progress and pending credit applications, as well as approval ratios. 

• NQF level no. 6   Essential: 3 Years financial statement analysis in credit environment. 
•  Preferred: Credit Risk Assessment experience

Education

Higher Diplomas: Business, Commerce and Management Studies (Required)

• Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.
• Absa Bank Limited reserves the right not to make an appointment to the post as advertised