Credit Analyst Commercial Growth

Absa Group; Ceres; On-site; ZAR 500 000 - 700 000; Full time

Job summary

Absa Group is seeking a Credit Risk Analyst to conduct specialized credit assessments and risk analyses. The role involves monitoring client performance, ensuring compliance with credit policies, and providing financial analysis. Candidates should have a Bachelor's degree and relevant experience in credit risk management.

Qualifications

• Bachelor's degree in relevant fields required.
• Five or more years of relevant experience.
• Strong computer skills, especially in Microsoft Office.

Responsibilities

• Conduct in-depth credit assessments and risk analyses on clients.
• Monitor clients’ performance for risk indicators.
• Ensure adherence to credit policies and procedures.

Skills

Financial analysis

Planning and organizing

Writing and reporting

Working with people

Entrepreneurial and commercial thinking

Education

Bachelor’s Degrees and Advanced Diplomas in Business, Commerce, Management Studies, or Credit Risk

Tools

Microsoft Excel

Job description

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

With over 100 years of rich history and a strong position 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 to shape our destiny as a proudly African group.

Job Summary

The purpose of this role is to conduct in-depth, specialized, and quality credit assessments and risk analyses on potential and existing clients within a Commercial Portfolio. The goal is to enhance the decision-making process regarding the Bank's appetite for extending credit to these clients. This includes financial analysis, interpretation, and capturing client information such as company financial statements and qualitative data.

Job Description

Risk Management

• Monitor clients’ performance continuously for risk indicators and perform formal reviews at specified intervals to identify any changes in their business or operating environment.
• Ensure adherence to covenants and conditions, discuss deviations and concerns with the Sales team, and escalate issues to Line Management and Credit when necessary.
• Follow ARMS credit requirements as stipulated in the Absa credit policy and report boundary events as per the Operational Risk Boundary.
• Obtain input from Product Industry Specialists to assist in client solutioning and credit application processes.
• Identify when meetings are needed between high-risk clients, Credit, and Business Support.
• Request updated property valuations that serve as security for facilities, in line with Absa Credit policies.
• Manage and communicate risks related to outstanding securities.
• Proactively identify problematic or high-risk clients and advise Credit accordingly, managing them with targeted input and loss prevention measures such as EWL Reports.
• Manage and request outstanding Financial Statements as per the Credit policy.
• Handle daily Odex, Referrals, REPL, and REPC actions, contacting clients on referral lists for rectification.

Credit Management

• Explore new, improved, and alternative solutions for client credit requirements.
• Ensure full compliance with Bank’s credit policies and procedures, addressing any breaches appropriately.
• Provide bank codes and reports on clients.
• Proactively manage credit risks within the client portfolio and their related products.
• Manage the deal forum process to ensure quality applications are submitted with sustainable credit solutions.

Portfolio Financial and Operational Management

• Prepare reviews, amendments, and new applications for approval by lending authorities.
• Issue facility letters to clients after reviews and new facilities are approved.
• Send reminder letters for expiring facilities, as per policy (e.g., 30-, 60-, 90-day notices).
• Contribute to Non-Interest Income by ensuring recovery of manual fees (e.g., reviews, valuations) to prevent revenue leakages.
• Spread client financials across various Credit Risk Grading models (e.g., Agri Model, Public Sector Model, RiskCalc, Triad).
• Provide Default Grading (DG) outputs from these models.
• Ensure all information entered into risk models is accurate and balanced.

Client Solutioning and Customer Service

• Identify cross-sell opportunities through analysis of client financials, account conduct, industry changes, and market standing, and pass these leads to Relationship Executives or Transactional Bankers.
• Participate in sales best practice sessions, providing credit input to mitigate risk and monitoring sales progress until deals are closed.
• Research industry trends and client market standing to understand profitability and competitive positioning.

Teamwork and Self-Development

• Attend team meetings, contribute ideas for improving customer service and targets.
• Build supportive relationships and foster team spirit.
• Communicate concerns constructively and positively.
• Maintain contacts with specialists across banking groups.
• Stay updated on regulatory changes through training.
• Seek opportunities for personal and team development through available courses.
• Demonstrate commitment to ABSA's values and vision.

Core Competencies:

• Planning and organizing
• Working with people
• Writing and reporting
• Financial analysis
• Applying expertise and technology
• Entrepreneurial and commercial thinking
• Persuading and influencing

Minimum Qualifications/Requirements

• Bachelor’s Degrees and Advanced Diplomas in Business, Commerce, Management Studies, or Credit Risk, with five or more years of relevant experience.
• Strong computer skills, especially with Microsoft Office, particularly Excel.

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 compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups to contribute towards demographic diversity.

Absa Bank Limited reserves the right not to appoint to the advertised position.