Job Description

Empowering Africaxe2x80x99s tomorrow, togetherxe2x80xa6one 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 The overall job purpose of an Asset Finance Analyst is to ensure that credit applications and dealer approvals are of an acceptable risk profile, appropriate quality and conforms to Absa Creditxe2x80x99s lending policy and that applications are timeously compiled and submitted for credit assessment. The Asset Finance Analyst also supports the front-end sales teamxe2x80x99s short and long-term objectives and deals with a range of credit requests even in the absence of the Asset Finance Consultant.

• Liaise with Business Development Officer (BDO) / Relationship Executive (RE), clients and other stakeholders to understand the process or requirements of credit applications for all clients concerned.

• Conduct research on the industry in which the client operates to understand the industries overall profitability, industry trends and clientxe2x80x99s market standing relative to its competitors.

• Perform robust financial and non-financial analysis on the client that will support and underpin all new proposals for commercial asset finance in terms of the clientsxe2x80x99 credit risk implications.

• Compile a proposal which summarizes the clients background and commercial asset finance needs, the research findings and the final recommendation on which commercial asset finance credit lending solution is best for the client, for the Credit Manager to approve in the interim and escalate further for the necessary approval.

• Facilitate the commercial asset finance credit sanctioning process by responding to sanctioned enquiries and/or attending all relevant Credit Committee meetings in order to present and sponsor commercial asset finance credit applications that have been submitted under your signature.

• Produce relevant management information and manage exposures including the maintenance of the relevant systems.

• Pro-actively manage credit risks associated with the commercial asset finance importation transactions.

• Compile commercial asset finance reviews, amendments and new applications to the appropriate lending authorities.

• Request of valuations on movable and immovable assets which serve as security for commercial asset finance facilities.

• Gather financial information (financial statements, cashflows) to support application from client where necessary.

• Monitor credit lines on a continuous basis and ensure formal reviews at specified time intervals or arrange extensions.

• Liaise with RE and BDO consultants / or clients in order to achieve acceptable levels of approved credit facilities.

• Accompany RE / BDO Consultants to client visits in order to obtain relevant financial information and understanding for the credit process.

• Liaise with group legal and prepare relevant master agreements for signature by client.

Education

Bachelor`s Degrees and Advanced Diplomas: 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

Absa