Business Analyst Asset Finance
Apply Locations: Nelspruit
Time Type: Full Time
Posted on: Posted 4 Days Ago
Time Left to Apply: End Date: October 20, 2024 (20 hours left to apply)
Job Requisition ID: R-15968539
Empowering Africa's tomorrow, together…one 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 Join Absa's Commercial Asset Finance as a Business Analyst Asset Finance. The overall job purpose of a Business Analyst Asset Finance is to ensure that credit applications and dealer approvals are of an acceptable risk profile, appropriate quality, and conform to Absa Credit's lending policy. The applications must be timeously compiled and submitted for credit assessment. The Asset Finance Analyst also supports the front-end sales team's short and long-term objectives and deals with a range of credit requests even in the absence of the Asset Finance Consultant.
Job Description 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 industry's overall profitability, industry trends, and client's 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. Utilize clients' historical data (e.g., financial statements) to forecast the clients' potential growth and sustainability. Conduct a sensitivity/scenario analysis to determine the impact of changes (e.g., economy, political situation, consumer demand) on the clients' financial health. Based on analysis conducted, structure a commercial asset finance lending solution for the client that accounts for potential threats and is within set credit limits and the Bank's credit lending policies. Ensure compliance with the Bank's credit policies and philosophy at all times, addressing and mitigating any policy breaches. Ensure adherence to the Absa Business Bank credit policy and other relevant legislation during the application preparation process. Communicate the credit committee's decision to the RE / BDO Consultants either through e-mail or a written document, where required. Provide weekly status reports to the Regional Managers indicating completed work, work in progress, pending credit applications, and approval ratios. 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 achieving 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.
#J-18808-Ljbffr