Senior Manager: Credit (Wholesale)

Absa Group; India; On-site; INR 7,084,000 - 10,626,000; Full time

Job summary

Absa Group seeks an experienced credit professional to assess, structure, and sanction facilities for Wholesale Finance clients. You will ensure adherence to credit policies, execute robust due diligence, and prepare recommendations for credit committee.

You will proactively manage the assigned portfolio, report high-risk accounts, and collaborate with stakeholders to deliver timely credit solutions while maintaining governance and compliance.

Qualifications

• Must have strong credit analysis and underwriting skills.
• Experience in risk assessment and credit decision making.
• Ability to interpret financial statements and forecasts.

Responsibilities

• Conduct quality credit sanctioning within policy and OLA.
• Maintain and monitor assigned portfolio with KPIs.
• Build and maintain stakeholder relationships across credit value chain.
• Apply risk controls and governance in line with policy and regulations.
• Produce management information and ensure data accuracy in credit systems.
• Provide training and support to junior staff and colleagues.

Skills

Credit analysis

Stakeholder management

Regulatory compliance

Education

BCom in Accounting/Finance

Postgraduate qualifications in Accounting

Postgraduate qualifications in Financial Services

Job description

Empowering Africa’s tomorrow, together…one story at a time. 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

Conduct quality credit assessments, provide responsible risk decisions within personal mandate level, and maintain an assigned credit portfolio of clients for Wholesale Finance (Floorplans) clients in accordance with Absa credit policies, processes, and procedures. To provide an efficient and effective credit approval and management process in respect of the allocated portfolio. Develop and maintain cooperative relationships between all stakeholders in the credit value chain.

Job Description

Credit Sanctioning Perform quality credit sanctioning within the Operational Level Agreement (OLA), being cognizant of risks, being solutions-driven, and considering compliance requirements. Assist stakeholders with growth by assessing, structuring, and solutions to client needs, ensuring adherence and compliance with credit policies, processes, terms, and conditions. This includes evaluation and structuring of new opportunities, initial credit due diligence, and preparing recommendations to the credit committee as well as ongoing monitoring. Evaluate a company’s stability, the adeptness of the management team, and creditworthiness by analyzing relevant documents including balance sheets, income statements, cash flow statements, financial projections, etc. Validates any assumptions, projects, and overall borrower viability and ability to repay the credit request Conduct a full assessment of the risks and potential mitigating factors impacting on a client. Perform robust financial and non-financial analysis on the client that supports the review of facilities or new funding proposals. Make use of clients' historical data, for example, financial statements to forecast the clients’ potential growth and sustainability. Conduct a sensitivity/scenario analysis to determine the impact that a change in, for example, the economy, political situation, and consumer demand, will have on the client’s financial health. Based on the analysis conducted structure a lending solution for the client, that will account for the potential threats to the client and that is within set credit limits and the Bank's credit lending policies and appetite. Compile a proposal that summarizes, the client’s background and needs, the research findings, and the final recommendation on which credit lending solution is best for the client, for the Credit Committee to approve in the interim and elevate further for the necessary approval.

Portfolio and Risk Management Proactively maintain and manage the assigned portfolio within agreed KPIs. Accurate and timeously report high-risk accounts. Provide credit solutions for the timeous rehabilitation of delinquent accounts and initiate transfers to Business Support and/or Legal Recovery Services for groups/accounts which cannot be rehabilitated in the normal credit environment.

Stakeholder Management Build and maintain effective relationships with stakeholders. Be a role model for client engagement and demonstrate value add at every engagement. A strong communicator that has the ability to influence stakeholders Contribute to the upskilling and mentoring of front-line colleagues.

Risk, Control, and Governance Apply the highest standards of controls and risk management practices and behaviors and embed a positive risk and control culture. Adhere to policies, procedures, and regulations. Identify, assess and report risks arising from significant events, investigations, audits, and control issues. Demonstrate prudence, sound judgment, and appropriate escalations in the management of all types of risk applicable to the role. Ensure that the Bank's credit policies, philosophy, and all relevant legislation are fully complied with at all times and that any policy breaches have been suitably addressed and mitigated.

Data and Systems Management To produce relevant management information and manage exposures including the maintenance of relevant systems. Drive RWA efficiencies by ensuring that the data in terms of Default Grades (DG's), Loss Given Defaults (LGDs), limits, and review dates are correctly captured on the Bank's credit systems and adequately supported by the credit systems.

Other Responsibilities Assist with special projects or other duties as needed and deemed necessary Demonstrate an understanding of credit and risk assessment tools, risk measurement, and rating methodologies, including their underlying assumptions and potential weaknesses. Demonstrate resilience and ability to work in a competitive and highly pressurized work environment to ensure that deadlines are met. Provide ad hoc training and coaching to junior credit or new staff members through the provision of relevant materials, explanations, and/or presentations. Legal agreements of the transactions and related transaction documentation. Understanding of financial markets and general business acumen Partner with relevant stakeholders in the business to ensure credit processes, policies, and infrastructure is enabled.

Requirements

• BCom (Accounting, Finance) - postgraduate qualification would be advantageous
• 5 to 10 years’ experience in a financial institution
• 5 years or more credit sanctioning under a personal mandate
• Experience in Wholesale Finance(Floorplan) and commercial credit sanctioning with a mandate would be advantageous
• Education Postgraduate Degrees and Professional Qualifications: Accounting (Required)
• Postgraduate Degrees and Professional Qualifications: Financial Services

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.

At Absa, our story is not a single narrative. It’s thousands of individual journeys unfolding across Africa and beyond. From colleagues serving customers in local communities to teams shaping financial solutions across borders, Absa is built on people who bring their lived experiences, ambitions and perspectives into the workplace every day. Whether you’re starting your career, a seasoned leader or somewhere in between, your contribution is seen, valued and connected to something bigger. Our presence across Africa – which spans personal and business banking, corporate and investment banking, wealth and investment management, and insurance – exists because of the people who show up in their roles with purpose. Across Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania, Uganda and Zambia, our colleagues are shaping what Absa becomes in each market. Beyond the continent, teams in global offices and a technology hub support and extend the stories that prove that African talent can lead, influence and innovate on the global stage. At Absa, your story matters because progress is driven by human experience, not hierarchy. When people are enabled to bring their whole selves to work, they don’t just build careers. They help shape the future of Africa’s financial services landscape.