Responsibilities for this position may include but are not limited to: Corporate: For complex and large exposure accounts, obtain financial statements, credit agency reports and other pertinent information relating to the customer, to complete comprehensive credit reviews.
Retail: Ability to sanction and assess business plans of new Retail clients and able to work in a pressure high volume environment.
Core part of the role includes performing risk assessment of new and existing customers achieved through assessment and analysis of credit life cycle, i.e.
quantitative and qualitative evaluation of respective customers, about historic financial performance and forecasted cashflows, competitive positioning, historic financial performance and forecasted cashflows,
Knowledge of corporate credit ratings methodology;
inherent micro/macro risks (Business Acumen) and
other information available to determine appropriate credit risk (secured/unsecured/ESG factors).
Provide outcome and recommendations to relevant stakeholders and decision makers, considering customer value proposition in respect of credit risk/profitability reward (economic modelling tool) within the relevant SLA on Corporate and Retail
Assist in Structuring: Liaise with respective stakeholders to provide innovative Credit advice and solutions.
Determines appropriate credit lines and security requirements.
Non performing accounts: Works with customer, financial institutions, legal, etc. to determine appropriate security required
Account Handling: Monitors account exposures proactively and takes appropriate action relating to credit violations.
Attend and participate the internal Credit Committee meetings and actively participates in discussions.
Stakeholder management: Works closely with customer, Account Manager, and other stakeholders in resolving payment disputes, past dues, Makes value added customer visits with the Account Manager as needed.
Periodically participates in Business Unit (Customer Facing) meetings providing credit perspective
Reporting: Provides Business Unit management with monthly report of credit metrics, high risk accounts, and action being taken.
Compliance and Sanctioning: Ensures compliance with all Corporate policies, internal control and Sox reporting requirements.Demonstrate the Astron Values, Safety, Results focused, integrity and courage, people centric, collaboration and Synergy
Required Qualifications and Experience: CA(SA) or equivalent qualification or more than 10 years Corporate Credit Experience or
Experience in both Corporate Credit (min 5 years) and Retail Credit (Min 5 years)
Excellent analytical skills and Attention to detail in order to understand credit violations risks (e.g. track and anticipate credit risk prevalent to individual customer and to specific industries, recommend course of action to prevent further credit violations, ability to understand various forms of security and collateral available from customers) is critical.
Strong communication skills and ability to effectively engage with customers and internal stakeholders (incl. senior management) on varying levels of business, financial and credit related complexities.
Prior experience with credit management functions as a sanctioner/ credit Mandate is highly preferred.
Prior experience in supervising teams (5 years) preferred.
Being able to perform standby duties on rotation basis.
Experience in Petrochemical Industry preferred.
Strong financial acumen - comfortable working with and assessing customer Financials i.e. Income statement, Balance Sheet, cash Flow Statement, Forecasted Projections.
Fully conversant with IFRS standards (IFRS9) and other regulatory standards relating to Credits function.
Proficient in Microsoft Office, Advanced Excel skills, SAP4Hana
Ability to work under pressure, working to tight deadlines and independently manage several different tasks, as well as be able to switch priorities at short notice.
Ability to work independently and deliver creative and innovative solutions to mitigate credit risk.
Ability to anticipate the needs of both internal and external customers and proactively manages expectations.
Responsibilities for this position may include but are not limited to: Corporate: For complex and large exposure accounts, obtain financial statements, credit agency reports and other pertinent information relating to the customer, to complete comprehensive credit reviews.
Retail: Ability to sanction and assess business plans of new Retail clients and able to work in a pressure high volume environment.
Risk Assessment: Core part of the role includes performing risk assessment of new and existing customers achieved through assessment and analysis of credit life cycle, i.e.
quantitative and qualitative evaluation of respective customers, about historic financial performance and forecasted cashflows, competitive positioning, historic financial performance and forecasted cashflows,
Knowledge of corporate credit ratings methodology;
inherent micro/macro risks (Business Acumen) and
other information available to determine appropriate credit risk (secured/unsecured/ESG factors).
Provide outcome and recommendations to relevant stakeholders and decision makers, considering customer value proposition in respect of credit risk/profitability reward (economic modelling tool) within the relevant SLA on Corporate and Retail
Assist in Structuring: Liaise with respective stakeholders to provide innovative Credit advice and solutions.
Determines appropriate credit lines and security requirements.
Non performing accounts: Works with customer, financial institutions, legal, etc. to determine appropriate security required
Account Handling: Monitors account exposures proactively and takes appropriate action relating to credit violations.
Attend and participate the internal Credit Committee meetings and actively participates in discussions.
Stakeholder management: Works closely with customer, Account Manager, and other stakeholders in resolving payment disputes, past dues, Makes value added customer visits with the Account Manager as needed.
Periodically participates in Business Unit (Customer Facing) meetings providing credit perspective
Reporting: Provides Business Unit management with monthly report of credit metrics, high risk accounts, and action being taken.
Compliance and Sanctioning: Ensures compliance with all Corporate policies, internal control and Sox reporting requirements.Demonstrate the Astron Values, Safety, Results focused, integrity and courage, people centric, collaboration and Synergy
Required Qualifications and Experience: CA(SA) or equivalent qualification or more than 10 years Corporate Credit Experience or
Experience in both Corporate Credit (min 5 years) and Retail Credit (Min 5 years)
Excellent analytical skills and Attention to detail in order to understand credit violations risks (e.g. track and anticipate credit risk prevalent to individual customer and to specific industries, recommend course of action to prevent further credit violations, ability to understand various forms of security and collateral available from customers) is critical.
Strong communication skills and ability to effectively engage with customers and internal stakeholders (incl. senior management) on varying levels of business, financial and credit related complexities.
Prior experience with credit management functions as a sanctioner/ credit Mandate is highly preferred.
Prior experience in supervising teams (5 years) preferred.
Being able to perform standby duties on rotation basis.
Experience in Petrochemical Industry preferred.
Strong financial acumen - comfortable working with and assessing customer Financials i.e. Income statement, Balance Sheet, cash Flow Statement, Forecasted Projections.
Fully conversant with IFRS standards (IFRS9) and other regulatory standards relating to Credits function.
Proficient in Microsoft Office, Advanced Excel skills, SAP4Hana
Ability to work under pressure, working to tight deadlines and independently manage several different tasks, as well as be able to switch priorities at short notice.
Ability to work independently and deliver creative and innovative solutions to mitigate credit risk.
Ability to anticipate the needs of both internal and external customers and proactively manages expectations.
Application deadline:
14 July 2024
About UsAstron Energy is a leading supplier of petroleum products in South Africa, with a vast network of Caltex-branded service stations that make us one of the country's top two petroleum brands. We are strongly committed to being a responsible corporate citizen, promoting education, health and economic development in an effort to build stronger communities and drive sustainable economic growth.
We own and operate the country's third-largest crude oil refinery in Cape Town, which has a capacity of 100,000 barrels a day, and a lubricants manufacturing plant in Durban.
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