Credit Manager at Absa South Africa

Job Summary

• Conduct quality credit assessments, provide responsible risk decisions within personal mandate level and maintain an assigned credit portfolio of clients for Business Bank Commercial (Growth, Premium and HVB) in accordance with Absa credit policies, processes and procedures

Job Description

Credit Assessment

• Conduct quality credit assessments with regards to new facilities, increases to existing facilities, reviews for existing facilities or bridging facilities, etc. in order to address the financial needs of the clients whilst ensuring that the outcome is aligned to the bank's risk appetite.
• Credit assessment within a regional credit team structure with a bias towards higher volumes and lower value in terms of typical credit applications.
• Provide assessment and recommendation to the team leader on credit applications and excess reports received from business unit in excess of the personal mandate based on Absa Credit Risk Model, credit policies, and procedures with Service Level Agreements.
• Ensure that the credit assessment includes a risk, financial, and creditworthiness assessment and feedback to the business unit in terms of the quality of the information received for the assessment of the application.
• Demonstrate a good understanding of the following products, cheque accounts, commercial
  and business-based finance, term loan, revolving loans, business credit cards, fleet cards, assets-based finance, etc to guide decision-making during credit assessments.
• Assess, within set timelines, excess reports received from business units within own mandate to mitigate the risks and motivate/recommend above own mandate to a higher mandate level.
• Adhere to and perform credit assessment within laid down processes, and turnaround times, be cognisant of risks, and provide clear reasons for credit decisions.
• Assist other credit officers and business bankers with the structuring and solution of credit applications.
• Identify training needs in the normal course of business and work together with the Regional Credit Manager by escalating the information to upskilling the business unit staff

Portfolio and Risk Management

• Manage and maintain the existing assigned portfolio of clients within the agreed KPI
• Ensure that out-of-order, impaired, and dormant accounts are proactively managed in collaboration with the business unit in accordance with the credit policies, procedures, and processes to mitigate the risks, and ensure the best possible credit solutions and proactive actions.
• Provide credit solutions for the timeous rehabilitation of delinquent accounts and initiate the transfer to Business Support and/or Legal Recovery Services (LRS) for groups/accounts which cannot be rehabilitated in the normal credit environment.
• Visit clients when required with the RE to assist, support and provide the business unit with credit input.
• Maintain and submit performance, status, and other standardized reports as required by Regional Credit Manager

Compliance and Processes

• Adhere to and comply with the Service Level Agreements (SLAs) to ensure overall service delivery to the business unit.
• Adhere to governance, regulatory and legislative requirements during the execution of duties in the normal course of business by completion of necessary compulsory training and courses.
• Adhere to Absa and Credit-specific processes and policies to ensure minimal risk and findings during audits and conformance reviews. Escalate any concerns to the team leader to discuss, resolve and mitigate the risks.
• Ensure timeous follow-up of arrangements and risk accounts identified via the daily and monthly listings and appropriate systems

Adhoc Responsibilities:

• Contribute to an environment of mutual support by sharing knowledge with other team members and business units to improve their productivity and ensure compliance to credit policies, processes, and procedures.
• Play an active role in personal coaching plans.
• Provide constructive solutions to work-related problems and contribute to fostering sound team dynamics.

Education

• Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)