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Absa Group Limited (Absa) has forged a new way of getting things done, driven by bravery and passion, with the readiness to realise the possibilities on our continent and beyond.
Job Summary
- To assist all CAF staff to book non-vanilla/specialised finance business and to manage these transactions in the Specialised Funding Solutions (SFS) environment by using inhouse system.To assist external clients the management of the non-vanila/specialised structures and ensure clients continued use of these products. To complete and control the financial reporting function for CAF: SFS (incl Tax) and ensuring accuracy and integrity of information provided to both internal and external clients. Provide support on the analysis of credit applications for renewable energy sources finance.
Job Description
Key Accountabilities
Accountability: Effective Management of Business Unit
Take primarily the responsibility for the maintenance of Business Asset Solutions Lending portfolio, through both existing client and new to bank clients.
- Take full responsibility for the balance sheet and income statement of the Lending Solutions business unit.
- Manage utilization of finance facility, by facilitating payout out request to external vendors.
- Creating amortization schedules for client's liability according to the specialized structure per client within portfolio.
- Preparing consolidated monthly invoices with supporting report per client.
- Perform reconciliation between General ledger and Amortisation schedules to identify and solve variances identified.
- Test for correctness of information generated by system, referencing to the clients facility approval agreement.
- Account and recognize accrued income on a monthly basis for portfolio, using the accounting principles and business rules.
- Manage collection of funds from suspense accounts and monitor portfolio for impairments.
- Perform and process all Ad -hoc client requests related to the facility, i.e. registration documents, customs control confirmation, audit certificates, trend analysis, and financial projections.
Renewable energy Product support
- Support Renewable energy finance product team with analyzing credit application information.
- Research on specific products for comparison analysis
- Populate provided information for a credit outcome.
- Analyze ratios for decision report on the application.
Risk, Compliance and Governance
- Ensure Lending Solutions adherence to CAF and Business Asset Solutions control frameworks, policies, mandates and procedures.
- Ensure that these frameworks are aligned to standards set by Group requirements. By conducting monthly review meetings with Compliance & risk support team.
- Own and agree corrective action items with internal audit and management assurance for items related to Business Asset Solutions Lending.
- Ensure that measures are in place (including contractual measures with providers) to limit the instance of fraud.
- Work with the appropriate internal structures to improve the fraud risk management framework in place within Business Asset Solutions Lending and ensure that there is adequate awareness among staff.
Networking and Stakeholder Management
- Maintain business-supportive relationships with all necessary stakeholders (Business Bank, CIB, Credit, Credit Risk, Legal, BSSA Operations) across business
- Establish and maintain business strategic partnerships. Ensure that the CAF Business Asset Solutions lending book is favourable positioned within the business to generate brand awareness of RBB by being a trusted advisor.
Key Accountabilities
Accountability: Effective Management of Business Unit
Take primarily the responsibility for the maintenance of Business Asset Solutions Lending portfolio, through both existing client and new to bank clients.
- Take full responsibility for the balance sheet and income statement of the Lending Solutions business unit.
- Manage utilization of finance facility, by facilitating payout out request to external vendors.
- Creating amortization schedules for client's liability according to the specialized structure per client within portfolio.
- Preparing consolidated monthly invoices with supporting report per client.
- Perform reconciliation between General ledger and Amortisation schedules to identify and solve variances identified.
- Test for correctness of information generated by system, referencing to the clients facility approval agreement.
- Account and recognize accrued income on a monthly basis for portfolio, using the accounting principles and business rules.
- Manage collection of funds from suspense accounts and monitor portfolio for impairments.
- Perform and process all Ad -hoc client requests related to the facility, i.e. registration documents, customs control confirmation, audit certificates, trend analysis, and financial projections.
Renewable energy Product support
- Support Renewable energy finance product team with analyzing credit application information.
- Research on specific products for comparison analysis
- Populate provided information for a credit outcome.
- Analyze ratios for decision report on the application.
Risk, Compliance and Governance
- Ensure Lending Solutions adherence to CAF and Business Asset Solutions control frameworks, policies, mandates and procedures.
- Ensure that these frameworks are aligned to standards set by Group requirements. By conducting monthly review meetings with Compliance & risk support team.
- Own and agree corrective action items with internal audit and management assurance for items related to Business Asset Solutions Lending.
- Ensure that measures are in place (including contractual measures with providers) to limit the instance of fraud.
- Work with the appropriate internal structures to improve the fraud risk management framework in place within Business Asset Solutions Lending and ensure that there is adequate awareness among staff.
Networking and Stakeholder Management
- Maintain business-supportive relationships with all necessary stakeholders (Business Bank, CIB, Credit, Credit Risk, Legal, BSSA Operations) across business
- Establish and maintain business strategic partnerships. Ensure that the CAF Business Asset Solutions lending book is favorable positioned within the business to generate brand awareness of RBB by being a trusted advisor.
Education
Bachelors Degree and Professional Qualifications: 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
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