Officer Credit Specialist Crdt Lending - Cape Town, South Africa - Absa Bank Limited

Absa Bank Limited
Absa Bank Limited
Verified Company
Cape Town, South Africa

1 week ago

Thabo Mthembu

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Thabo Mthembu

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Description
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

To be successful in this role, you should have a good understanding of lending procedures and stakeholder support experience.


Ultimately, you will help our clients acquire a home loan in a timely manner, while ensuring we comply with regulatory requirements.


Job Description:


Key Responsibilities:

Home Loan Assessments:

  • Ensure compliance with regulatory requirements and internal policies.
  • Assessments are controlled by Credit Mandates allocated to individuals, based on knowledge, skills, and experience whilst ensuring that the outcome is aligned to the bank's risk appetite.

Stakeholder Engagement:

  • Collaborate with various stakeholders, in a professional manner.
  • Build and maintain strong relationships with key partners.

Volume Management:

  • Prioritize tasks to meet deadlines and maintain service levels.
  • Implement streamlined processes for efficiency.

Decision Making:

  • Make informed and wellsupported credit decisions.
  • Utilize credit scoring models and risk assessment tools.
  • Present recommendations and justifications for credit approvals or declines.
  • Analysis of Company Annual Financial statements, Cash Flow projections, Financial Ratios and Company Management statements.

Risk Management:

  • Mitigate risks through thorough analysis and adherence to risk management protocols.
  • Continuously identify, analyses and monitor economic and industry trends, and implement remedial actions of the assessment criteria in collaboration with the Risk Team.

Compliance:

  • Ensure strict adherence to regulatory requirements and internal compliance Standards and Procedures.
  • Keep abreast of changes in legislation impacting home loan assessments.

Reporting:

  • Provide insights into key performance indicators and trends.

Qualifications and Skills:

  • NQF6 required, NQF7 preferred in Accounting, Economics, Banking, Credit, Finance, or relevant field.
  • Exposure to secured or unsecured credit lending
  • 3 to 5 years home loans experience preferred.
  • Exposure to Credit assessments preferred.
  • Excellent analytical and decisionmaking skills.
  • Effective communication and interpersonal skills.
  • Ability to work under pressure and manage competing priorities.
  • Proficiency in using credit scoring models and risk assessment tools.
  • Familiarity with relevant software and technology platforms.
Demonstrating responsible personal financial management is a key qualifying criterion for this role.

Education

Bachelor's Degrees and Advanced Diplomas:
Business, Commerce and Management Studies (required)

  • Absa Bank Limited reserves the right not to make an appointment to the post as advertised_
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