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 SummaryJoin 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 conforms to Absa Credit's lending policy and that applications are 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 DescriptionLiaise 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.Make 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 Bank's credit lending policies and appetite.Ensure that all of the Bank's credit policies and philosophy are fully complied with at all times, and that any policy breaches have been suitably addressed and mitigated against.Ensure adherence to the Absa Business Bank credit Policy and other relevant legislation, for example during the application preparation process.Communicate to the RE / BDO Consultants the credit committee's decision either through e-mail or a written document, where required.Provide weekly status reports to the Regional Managers indicating completed work, work in progress and pending credit applications, as well as approval ratios.EducationBachelor'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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