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Mar 16, 2021

Credit Analyst Key Accounts

  • Absa Group Limited
  • Waterkloof Glen, Pretoria, South Africa
Full time Accounting

Job Description

Bring your possibility to life! Define your career with us with over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

Job Summary

The main purpose of the role is to conduct an in-depth, specialised and quality credit assessment and risk analysis on potential and existing Key Account’s portfolio, to enhance the decision making process involved in determining the Bank's appetite to extend credit to these clients. Financial analysis, interpretation and capturing of client information (company financial statements) and qualitative data.
Job Description

The main purpose of the role is to conduct an in-depth, specialised and quality credit assessment and risk analysis on potential and existing Key Account’s portfolio, to enhance the decision making process involved in determining the Bank's appetite to extend credit to these clients. Financial analysis, interpretation and capturing of client information (company financial statements) and qualitative data.

Key Accountabilities:

Risk Management

Monitor client’s performance on a continuous basis for risk indicators and perform formal reviews at specified time intervals to identify any changes in the client's business or operating environment.

Monitor adherence of covenants and conditions on a continuous basis and discuss any deviations and possible concerns with Sales team and escalate to Line Management and Credit if necessary.

Create and maintain a detailed due diligence record of the client portfolio's, detailing what facilities they have, so that information is readily available for reporting purposes

Adhere to ARMS credit requirements as stipulated in the Absa credit policy

Monitor and report boundary events in terms of the Operational Risk Boundary.

Obtain input from Product Industry Specialist, where appropriate to assist in client solutioning and credit application process.

Identify the need for a meeting between high risk clients, Credit and Business Support.

Request updated valuations on properties which serve as security for facilities in line with Absa Credit policies.

Manage and communicate the risks associated with outstanding securities.

Pro-actively identify problematic /high risk clients and advise Credit accordingly, manage them with a view to provide special input and implement loss preventative measures i.e. EWL Reports and DI500.

Request and manage outstanding Financial Statements as stipulated in the Absa Credit policy.

Action and manage daily Odex, Referrals, REPL and REPC. Contact clients that are on the referral listing for rectification.

Credit Management

Explore new, improved and alternative ways of solutioning client credit requirements.

Adhere to Bank’s credit policies and procedures and ensure that they are fully complied with and that any policy breaches have been suitably addressed and mitigated.

Adhere to Absa Credit Policy when clearing cheques on client's accounts as requested.

Provide bank codes and reports on clients, to other financial institutions.

Pro-actively manage credit risks associated with the portfolio of clients and their related products.

Manage and drive the deal forum process to ensure quality applications are submitted to the sanctioners with sustainable credit solutions.

Portfolio Financial and Operational Management

In the event of a client visitation prepare a focused call report

Compile reviews, amendments and new applications to the appropriate lending authorities.

Issue facility letters to clients after reviews have been compiled and new facilities granted.

Draft and issue letters of reminder when facilities expire according to policy requirements, for example 30, 60 and 90 day letters.

Maintain thorough, accurate and up to date credit files, which include a set of financials, valuations, credit decisions and all client related communication.

Contribute to the Non-Interest Income by ensuring recovery of manual fees (e.g. Reviews, Excesses, late submissions of debtors, valuations) to avoid revenue leakages.

Spread client's financials on the various Credit Risk Grading models i.e. Agri Model, Public Sector Model, Risk Calc Model and Triad.

Provide the Default Grading (DG) output from the Credit Risk models within 24 hours of receiving the request.

Capture all information on the various risk grading models 100% accurately by checking that all the models balance.

Respond to queries relating to the DG output by explaining the process followed and the model used to generate the DG output. Escalate all technical queries relating to the various risk grading models to the relevant system owners.

Communicate incorrect and insufficient financial information received to relevant parties to ensure that the spreading is expedited within time frames.

Ascertain that all models balance and all unexplained adjustments are escalated to management for checking.

Client Solutioning and Customer Service

Identify cross sell opportunities from analysis of Client's financials, account conduct and industry change and pass on to Transactional Banker as a lead.

Act as a contact for the credit related queries and resolve them timeously to ensure exceptional customer service.

Be part of the solution by attending sales best practice sessions with relevant stakeholders, give credit input to mitigate risk on the identified product offering or new acquisition, and monitor progress on the sales funnel, until the lead is converted into a deal.

Conduct research on the industry in which the portfolio clients operate, to understand the industries overall profitability, industry trends and clients market standing relative to their competitors.

Team Work and Self Development

Attend team meetings and contribute fully, including suggestions for ways of improving customer service and meeting targets.

Develop supportive relationships with colleagues and create a sense of team spirit.

Communicate concerns or challenges that derive from team interactions in a constructive and positive manner.

Develop and maintain contacts with Specialists in other areas of RB and the Group.

Keep abreast of regulatory changes through regular training.

Monitor available L&D courses to develop your own training whilst helping others in the team to develop theirs.

Demonstrate the willingness and ability to perform to the very best levels to ensure personal alignment to ABSA's values and vision.

Competencies:

Values Driven

Digitally Empowered

Customer Obsessed

Exceptional Team Player

Creative Problem Solving

Drives Results

Pan African Citizen

Minimum requirements:

B Degree in Commerce/Finance or an NQF Level 7 Equivalent

Minimum of 2 years within a credit environment

At least two (2) years’ experience in reading and interpreting company financials and other industry trends.

Understanding of credit solutioning – internal networking/credibility

At least two (2) years’ experience structuring credit solutions and guide the credit process with the relevant parties.

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

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


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