Job Description

Empowering Africas 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 An exciting opportunity is available in Durban! Join the Relationship Banking Commercial Asset Finance team as a Business Analyst. 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 Credits lending policy and that applications are timeously compiled and submitted for credit assessment. The Asset Finance Analyst also supports the front-end sales teams 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 clients 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 clients credit risk implications.
Maker use of clients historical data for example, its 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, consumer demand, etc. will have on the clients financial health.
Based on analysis conducted structure a commercial asset finance lending solution for the client, that will account for the potential threats to the client and that is within set credit limits and the Banks credit lending policies and appetite.
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.
Upon reviewing the clients financials submit recommendations of risk mitigating value added insurance products to be added onto the finance agreement. These products will mitigate the risk to both the bank and the client.
Educational and Experience Requirements:
- BCom Degree
- Minimum 2 years' Credit Analyst experience within the financial sector
- Advantageous : Experience in dealing with high value commercial clients
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