Specialist - Business Support - Johannesburg at Absa Group Limited (Absa)

Job Summary

• To carry out quality risk assessments, client strategy formulation, client interaction and delivery of turnaround and managed exit strategies ta portfoliof customers experiencing financial stress, which are defined as Watch(WL) List 2 or worse.

Job Description

Credit Risk Management

• Manage and monitor a portfoliof clients within the Business Support environment against the determined strategy of either “Turnaround” or “Managed Exit”.
• Lead negotiations with customers, other lenders, creditors and 3rd party.
• Facilitate the credit sanctioning process by responding tsanctioned enquiries i.e. non - acceptance of approved terms and conditions, applications and/or attend all relevant Credit meetings, where necessary, in order tpresent and sponsor credit applications that have been submitted under the mandate holder's signature.
• Manage exposures by taking daily credit decisions and reviewing information from various systems e.g Credit Management System, and taking credit decisions accordingly.
• Use information gathered in support of reviews/amendments/new applications tbe submitted tBusiness Support in liaison with the Relationship Executives (RE).
• Request and drive valuations on properties from RE’s/business units, which serve as security for facilities tbe used tcalculate impairments.
• Champion the Business Support team’s relationship with internal and external customers, develop a strong network of internal contacts, external and panel professionals tmaximise financial benefit for the Bank.
• To drive the implementation of appropriate strategies and/or risk mitigation measures in the client portfoliwith a view treducing the Capital at Risk.
• Inputs intthe fortnightly/monthly impairment forecasting, as required from time ttime.
• Proactively manage Business Rescue as governed by Chapter 6 of the Companies Act of 2008, and in alignment with the existing Business Support Procedures for time ttime.
• Monitor the client’s business performance on a continuous basis, in addition to performing formal reviews at specified time intervals, tensure early identification of changes tthe client's risk profile.
• Analyse the clients' historical data i.e. financial statements tforecast the client’s potential growth and sustainability and make recommendations or take decisions within mandate.
• Ensure client meets financial covenants and the facility terms and conditions on a monthly basis by reviewing in line with the agreed covenants/terms and conditions/timelines.
• Structure a lending solution for the client based on the analysis conducted, that will account for the potential threats tthe client and, that is within set credit limits and the Bank's credit lending policies and appetite.
• Review and recommend the impairment calculations (based on Capital at Risk), strategy tbe adopted and WL risk classification for each client, which forms part of the WL Watch List summary for all clients under his/her control.
• Review the Impairment/Capital at Risk calculation, on a monthly basis and sign off in line with the Bank’s policies.
• Tmanage the clients' value tAbsa through optimising revenue opportunities i.e. pricing for risk in terms of the Pricing policy.
• Mitigate and manage the credit exposure tthe Bank by adhering tthe Business
• Support Policy and Procedures and the Bank's Credit policy.
• Interact with clients, where necessary, and resolve on a timely basis, all client credit related problems/queries as and when required by interacting with the stakeholders and formulating the appropriate solution/strategy tbe adopted for a particular client.
• Maintain thorough, accurate and up tdate case management recordal, which include a set of financials, evaluations and credit decisions.
• Obtain input from Product Industry Specialist/s, where appropriate, for assistance in analysing the risk for specific clients.
• Ensure that the monthly Watch List is accurate and completed in line with the relevant policies and procedures.

People Management

• Ensure adherence to Absa’ values.

Change Management

• Assist with the execution of strategic projects (as required) from time ttime.

Stakeholder Management

• Raise local profile in the team as well as the broader Group Risk team and business partners

Governance

• Ensure that only decisions within mandate are taken
• Ensure that standards in line with Absa/Absa policies are maintained
• Ensure that processes and procedures are followed and complied with
• Comply with the Bank’s credit policies and philosophy at all times, and check that any policy breaches have been suitably addressed and mitigated against and reported tthe appropriate authority e.g. Forensics.
• Provide bank codes and reports on clients, tother financial institutions as and when requested. Adhere tthe Business Banking Credit Policy and other relevant legislation e.g. NCA, Companies Act, Insolvency Act and other relevant legislation.
• Responsibility for adherence tgovernance, compliance and lending portfolicontrols and MI as required from time ttime.
• All other duties as reasonably assigned by Line Manager.

Education

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