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 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 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.Maker use of clientsxe2x80x99 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 clientsxe2x80x99 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 Bankxe2x80x99s 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 clientxe2x80x99s 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 clientsEducationBachelor`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

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