Business Analyst

Corporate Introduction

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.

The overall job purpose of a Business Analyst 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, and that applications are timeously compiled and submitted for credit assessment. The Business 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.

• Liaise with the Asset Finance Consultant / 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 the 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 client’s credit risk implications.
• Make use of the client’s historical data, for example its financial statements, to forecast the client’s potential growth and sustainability.
• Conduct a sensitivity/scenario analysis to determine the impact that a change in, for example, the economy, political situation or consumer demand will have on the client’s financial health.
• Based on the analysis conducted, structure a commercial asset finance lending solution for the client that accounts for potential threats to the client and is within set credit limits and the Bank’s credit lending policies and appetite.
• Compile a proposal that summarises the client’s background and commercial asset finance needs, the research findings and the final recommendation on which commercial asset finance credit lending solution is best for the client, for the Credit Manager to approve in the interim and elevate for the necessary further approval.
• Upon reviewing the client’s financials, submit recommendations for risk-mitigating, value-added insurance products to be added to the finance agreement. These products will mitigate the risk to both the Bank and the client.
• Facilitate the commercial asset finance credit sanctioning process by responding to sanctioning enquiries and/or attending all relevant Credit Committee meetings to present and sponsor commercial asset finance credit applications submitted under your signature.
• Produce relevant management information and manage exposures, including the maintenance of the relevant systems.
• Proactively manage credit risks associated with commercial asset finance importation transactions.
• Compile commercial asset finance reviews, amendments and new applications for the appropriate lending authorities.
• Request valuations on movable and immovable assets that serve as security for commercial asset finance facilities.
• Liaise with the Asset Finance Consultant / Relationship Executive (RE), clients and other stakeholders to understand the process or requirements of credit applications for all clients concerned.
• Gather financial information, including financial statements and cash flows, to support the application from the client where necessary.
• Use applicable software to assess client financial information and submit financials to the Remote Balance Sheet…