Specialist - Credit Analyst at Absa Group Limited (Absa)

About the Job

Job Summary

• Measure, advise, report, and forecast credit provision. This includes analysing and liaising with key stakeholders (e.g., collections, finance, business, etc.) to drive financial performance such that losses are within risk appetite.

Job Description

Key Accountabilities

Outputs to deliver against the purpose:

• Analyse and measure monthly impairment numbers
• Understand drivers of the impairment charge
• Forecast credit provision for the different budgeting periods, i.e., revised annual forecasts, short term plans (12 months) and medium-term plans (60 months).
• Assist in setting collection targets (on and off-balance sheet) in line with the budget.
• Analyse collections performance in line with risk appetite.
• Measure impacts of any credit policy change, including new and existing customer acquisition strategies as well as collections strategies.
• Calculate potential losses for once off risk events.
• Understanding of the accounting process and financial reporting (including disclosure reporting)
• Ad hoc analysis.

Stakeholder Management:

• Liaise with various internal stakeholders (e.g., Risk Management, Credit Lending, Product Head, Collections, BU Finance) to convey impairment numbers and portfolio performance, the impact of model and other once off policy changes / events to these numbers, emerging risks, sign off impairment budgets, etc.
• Analyse and report impairment performance and trends to the Portfolio Manager.

Analysis and Reporting:

• Compile reports in line with the reporting requirements and portfolio measures for the product Risk Management team through the Absa committee structures.
• Ensure monthly Portfolio Performance Reports (with commentary) are completed in accordance with the agreed deadlines and required standards
• Ensure the development of MI as required.
• Produce monthly account level impairment and capital data and reports.
• Produce reports related to industry impairments to track performance relative to the market and to support risk appetite discussions.

Education

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