Credit Manager Commercial And Agri

Absa Group; KwaZulu-Natal; On-site; ZAR 600 000 - 800 000; Full time

Job summary

A leading bank in South Africa is seeking a Commercial Credit Manager to oversee credit functions across various portfolios. The role focuses on risk management, credit assessments, and stakeholder engagement. Candidates should possess strong financial analysis skills and relevant experience in a fast-paced environment.

Qualifications

• 3 to 5 years of relevant experience in credit management.
• Knowledge of credit and investment risks.

Responsibilities

• Manage credit function for specific portfolios within Commercial Banking.
• Conduct quality credit assessments and make risk decisions.
• Build and maintain relationships with stakeholders.

Skills

Risk Assessment

Financial Analysis

Stakeholder Management

Education

Graduate Degree in Accounting

Graduate Degree in Financial Management

Graduate Degree in Risk

Job description

Empowering Africa's tomorrow, together… one story at a time. With over 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 purpose of the role as a Commercial Credit Manager is to manage the credit function for specific portfolios within Commercial, Agriculture, Commercial Asset Finance (CAF), and Commercial Property Finance (CPF) within the Growth, Premium, and High Value segments of Relationship Banking, with a specific focus on lending activities in a designated region.

This role involves implementing credit risk management and risk appetite strategies tailored to these portfolios, conducting quality credit assessments, and making responsible risk decisions.

The incumbent will evaluate credit risk performance, monitor and analyze portfolio trends, risks, and opportunities, and recommend risk adjustments as needed. Building and maintaining relationships with stakeholders and ensuring compliance with regulatory and internal policies are also key responsibilities.

Key Responsibilities

1. Credit Sanctioning: Perform quality credit sanctioning within the Operational Level Agreement (OLA), considering risks and compliance requirements. Assist stakeholders by assessing, structuring, and providing solutions for client needs, ensuring adherence to credit policies and processes. Evaluate new opportunities, conduct initial credit due diligence, and prepare recommendations for the credit committee, along with ongoing monitoring.
2. Financial Analysis: Assess a company's stability, management quality, and creditworthiness through analysis of financial documents such as balance sheets, income statements, and cash flow statements. Validate assumptions, projects, and overall borrower viability. Understand legal transaction agreements and documentation.
3. Risk Assessment: Conduct comprehensive risk assessments, including financial and non-financial analysis, sensitivity, and scenario analysis to evaluate potential threats and mitigation strategies. Structure lending solutions within credit limits and policies.
4. Industry Knowledge: Demonstrate understanding of various sectors' finance, industry profitability, trends, and market position of clients.
5. Portfolio and Risk Management: Manage and monitor a portfolio of commercial loans, conduct regular reviews, and implement risk mitigation strategies. Keep abreast of market trends and economic indicators.
6. Stakeholder Management: Collaborate with internal teams such as Risk, Legal, and Compliance to ensure alignment with policies and regulations. Build strong stakeholder relationships, providing proactive credit solutions and guidance to team members.
7. Risk Control and Governance: Apply high standards of controls and risk management, ensuring regulatory compliance and supporting audits. Contribute to risk mitigation efforts.
8. Credit Data and Systems Management: Analyze management information, manage exposures, ensure data accuracy in credit systems, and drive efficiencies.
9. Additional Responsibilities: Support special projects, provide training and coaching, and demonstrate resilience in a high-pressure environment.

Qualifications and Experience

• Graduate Degree (NQF level 7+) in Accounting, Financial Management, or Risk.
• 3 to 5 years of relevant experience.
• Knowledge of credit and investment risks, portfolio management experience is advantageous.

Organizational Requirements

• Ability to work under pressure in a fast-paced environment.
• Clear credit profile and no criminal record.

Education

Bachelor's Degrees and Advanced Diplomas in Business, Commerce, and Management Studies (Required).

Absa Bank Limited is an equal opportunity, affirmative action employer. In line with the Employment Equity Act 55 of , preference will be given to suitable candidates from designated groups to promote diversity. The bank reserves the right not to fill the position.