Asset Finance Service Consultant at Absa

Job Summary

• The job purpose of an Asset Finance Service Consultant is to facilitate the efficient handling and management of new business transactions within Asset Finance. This is achieved by creating the needed quality control of documents required by the Commercial Business Processing Centre (BPC) for processing and interacting with the product operating system for the maintenance of Management Information. Check if FICA/CASA, securities is on the system and prepare the facility letter and capture the contract on SAP.

Job Description

• The job purpose of an Asset Finance Service Consultant is to facilitate the efficient handling and management of new business transactions within Asset Finance. This is achieved by creating the needed quality control of documents required by the Commercial Business Processing Centre (BPC) for processing and interacting with the product operating system for the maintenance of Management Information. Check if FICA/CASA, securities is on the system and prepare the facility letter and

capture the contract on SAP.

Key Responsibilities:

Account and facility pay-out processing

Act as a point of telephony contact to the customer and dealer in the Fit for Processing process

• Register all unregistered asset dealers and suppliers that any Asset Finance Consultant needs registered for purposes of financing an asset and obtain the required documentation for verification: cancelled cheque, letter head documents and general banking details from the client and register the dealer on the SAP product system and validate these details prior to submission.
• Prepare or update (if existing loan) documents and files to ensure that the necessary enquiries such as Financial Intelligence Centre Act (FICA) and Customer Acceptance Screening Application (CASA) can be made and updated
• Capture leads and update status on SAP system or related system or create a new account for non RB customer
• Communicate all relevant information to consultant in both the internal and alliance market, relationship executive and business analyst in the MFS environment at stipulated process intervals during the deal progress.
• Follow up on faulty or outstanding security documents and drive the rectification process.
• Maintain a CAF securities registry and exception reports on securities
• Read the Conditions of Grant that are received from the RE or the Asset Finance Analyst in the internal market or the Business Analyst in the external or MAN environment once a credit application has been approved
• Once the conditions have been reviewed, perform a compliance check that the customer is CASA/FICA compliant. If all the details are found to be up to date, continue with the fit for processing function. If the details are not up to date and the customer is found to be noncompliant, then inform the relevant OB who must obtain all needed documentation to ensure FICA/CASA compliance.
• Prepare facility letters/ commitment letters with term sheets and loan agreements in accordance with credit approval requirements.
• Completed and validated facility letter/s must be forwarded through to the Asset Finance Consultant in the internal and alliance environment or the BA in the MFS environment (by hand, courier or any other appropriate method or means)
• Capture the deal on SAP once a signed facility letter is received and submit the complete pack needed for processing through to the Business
• Processing Centre. The submission of the documentation will be through Sybrin after critically assessing accuracy of all new and existing loan documentation.
• Prepared contracts and securities by the Business Processing centre must be printed through the Web sphere system.
• Printed documents must be handed through to the Asset Finance Consultant or the Asset Finance Analyst in the MAN environment to obtain signatures, and once returned, must be faxed through to the processing centre for validation and pay-out.
• Ensure that the original facility letter, securities and insurance confirmation are received and finalized for file archiving.
• Original documents that have been filed must be sent through to Group Operations while copies that are filed are retained in the client file thatis sent through to the CAF Help desk.
• Original securities must be sent through to the BPC
• Access the ABSA SMS system to check existing securities that are on record for an existing RB customer.

Competencies

• Values Driven
• Digitally Empowered
• Customer Obsessed
• Exceptional Team Player
• Creative Problem Solving
• Drives Results
• Pan African Citizen

Minimum Requirements

• NQF Level 4: Grade 12 (Diploma or Degree Qualification Preferred)
• 2 years relevant banking experience
• Preference will be given to South African Citizens and Permanent residents of South Africa in possession of proof of permanent resident status.

General

• The appointment will be made in line with the Divisional Employment Equity strategy
• There will be no referral payment plan with this requisition

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