Senior Specialist Corporate Credit - Cape Town Verfied

R 922 000 per annum Cape Town, Western Cape Cape Town, Western Cape more than 14 days ago 27-09-2016 3:40:58 AM
25-10-2016 3:40:58 AM
MAIN PURPOSE OF THE JOB

Responsible to manage the credit assessment function, make decision on the granting of credit and mitigate any potential risk for Corporate Credit within the approved mandate of the company and acceptable risk appetite as determined by the company from time to time and in accordance to the approved Credit Policy.

KEY PERFORMANCE AREAS

Conduct and ensure quality credit assessment of the loan applications in order to conform to the set standards, highlight anomalies and suggest corrective measures.
Ensure that all relevant information and documentation has been received from the relevant stakeholders.
Conduct and ensure analytical assessment of loan applications by all the relevant stakeholders including Credit Analyst
- Assess business and financial risk by analysing financial statements of applicants.
- Research and assess the industry in which the business is associated and assess the potential risk of granting the loan.
Interpret analysis done by the relevant stake holders including Credit Analyst taking into consideration industry information as provided by Economic Research Business Intelligence.
Coordinate Retail Credit Committee Meetings (RCC) and Chair the meetings that are within allocated Delegation of Power.
Make decisions on Corporate credit applications within Delegation of Power.
Make decisions on loans within specified time frame as pre the SLA and provide substantiation of decisions.
Review credit applications for re-advancement of loans taking into consideration past operational/financial performance of applicants.
Restructuring of existing Credit application for re-advancement of loans taking into consideration past operations and financial
performance of applicants.
Provide technical support to the Credit Analysts & the relevant stakeholders with respect to loan applications.
Present bankable solutions to applications submitted for credit assessment by structuring credit facilities in an acceptable manner ensuring that correct types of loans are considered.
Consider restructuring of existing loans if requested or if there is non- performance, taking into consideration refinancing such as reduction of rates, extension of loans to ensure successful performance.
Ensure that the relevant management information is captured on SAP so as to produce the correct monthly report ( RCC Stats, etc).
Ensure adherence to the banks Credit Policy and that all legal requirements are met in terms of the National Credit Act and other laws guiding credit principles.
Management of Risk Grading: Credit Models. Ensure that all credit applications are scored as per the credit models.
Review and enhance the relevant credit policies and procedures and update as and when necessary.
Provide inputs on lending norms and credit criteria to be applied on new products.
Ensure that regions are informed of changes to policies and/or of new policies and procedures that have been adopted.
Provide training and guidance to the relevant stakeholders on credit related matters. Manage and respond to all allocated queries.
Responsible to build and maintain relationships with all internal and external stakeholders as appropriate.
Responsible to manage and provide technical support to regions in respect of credit loan applications.
Responsible to promote a culture of credit risk management with all the relevant stakeholders by optimizing and streamlining corporate credit approval work processes to promote efficient turnaround times.
Visit regions regularly to provide guidance, advice and feedback in terms of credit loan applications.
Provide input into the departmental annual budget and allocated cost items.
Monitor expenditure monthly and report on variances. Manage budget allocations and motivations for expense within area of responsibility.
Prepares and manages the operational budget and manages expenses within area of responsibility; ensures the maintenance or reduction of costs of all resources without compromising on the delivery of the departmental objectives.

PREFERRED MINIMUM EDUCATION AND EXPERIENCE

A relevant 3 year qualification; or
Minimum Certified Associate of the Institute of Bankers
(CAIB (SA))
Business Degree would be advantageous
BSc Agriculture degree could be considered with relevant Corporate experience.
5 years credit management experience in agriculture or corporate business
Thorough knowledge of primary, secondary agriculture sector finance.
Appraisal of credit proposals and deal structuring for assets finance, working capital, backward and forward integration finance and acquisitions.

ADDITIONAL REQUIREMENTS:

Thorough knowledge of the NCA, CPA, FICA and related credit regulatory requirements.
Travelling will be required within South Africa
Sound knowledge of the business environment
Knowledge and understanding of the principles of finance and the components involved in finance
Knowledge and understanding of the company policies and procedures applicable to the specific work environment to ensure that work outcomes are compliant to the policies and procedures