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Corporate Credit Manager

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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.

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Job Summary

To pro-actively manage a nationally based team of CPF: Valuations Administrators , to continuously review the processes and systems and evaluate the feasibility of suggestions and improvements
 A credit professional acting as credit expert to the relationship team and conduit to the Corporate Credit function for sanctioning purposes.
 Responsible for developing practical and appropriate credit solutions (i.e. lending structures) through understanding customers’ needs.
 Delivering high quality and consistent credit applications.
 Maintaining integrity of International Credit Advisor (ICA) data, ensuring financial and other information is updated, consistent and accurate.
 Actively managing the ICA submission diary to ensure overdue reports are no more than 5% (adjusted) of the lending book.
 Identifying potential problem accounts early by actively managing the early warning process, timely actioning of monthly Risk Control reports and, where necessary, referring impaired lending’s to the sanctioning point expeditiously after advising/agreeing with the RM.
 Origination of New Business Committee approved applications and annual reviews.
 Sanctioning excesses within personal discretion if any.
 Ensuring contact with/visits to existing and new clients at least once per year, usually at annual review/new business initiation or on a need basis.

Job Description

Operational Management: Translate and implement Property Risk operational goals into actionable operational plans, Ensure that the inefficiencies in the operational Processes are identified and best practices are implemented at all times and Monitor and identify process gaps | Risk Control: Ensure that the BCM Plan for the Business Unit is tested as required and corrective actions executed, Participate in the development of Key Risk Scenarios including the determination of likelihood of occurrence and potential impact, Ensure adequate control and documentation of all processes is in place. | People Management: Develop a high performing team. | : | : | : | : | :

Key Accountabilities

Understanding the Credit/ Solutions

Time Split: 30%

Outputs:

Assessing a customer’s business through the analysis of business and credit risks associated with the provision of the bank’s products and services.
Developing high quality credit solutions with a view to obtaining fast credit approval from the sanctioning point.
Highlighting key risks and identifying mitigants.
Commenting on the risk/reward relationship (including Risk Tendency/ROEC calculations).
Presenting a complete and accurate trading position and prospects of the underlying business.
Providing inputs into structuring of facilities (product, tenor, security etc.) and suggesting suitable restrictive covenants and conditions (both financial and non-financial).
Ensuring data integrity of all aspects of the ICA.
Ensuring ICAs comply with policies/guidelines.
Developing and imbedding a robust monitoring and control regime to ensure any deterioration in the quality of the underlying credit is identified early and corrective strategies adopted.
Attending customer meetings with the RM if credit-related issues are to be discussed/ need to be resolved.

The Credit Process 30%

Outputs:

Preparation, in liaison with the relevant RM, of ICA annual review applications with paper attachments for recommendation to the sanctioning point.
Preparation, in liaison with the relevant RM, of ICA interim reviews on a case-by-case basis as agreed with the RM.
Liaising directly with the sanctioning office for all local credit sanctions after agreement of deal structure with RM.
Seeking Head of Credit/Country Credit Director support for any external sanction credits.
Ensuring that any requests for mark forwards clearly state the reasons with confirmation that there is no material deterioration in the underlying risk profile of the borrower.
Providing constructive guidance, including discussion on specific proposals, through effective and appropriate communication.
Preparing and submitting Facility Letter Aide Memoire (FLAM) to RCU to facilitate preparation of offer letter.
Reviewing and signing off facility letters.
Reviewing and signing off guarantees.

Portfolio Management- Monitoring and Control 30%

Outputs:

Analyzing management and financial information produced by customers.
Discussing with sanctioners deteriorating trends and trigger events if they give cause for concern, advising the RM simultaneously.
Reviewing, in conjunction with RMs, EWL1 strategy sheets and sign off every quarter.
Analysing drivers of BBG and RT profiles with a view to improving risk profiles, and making appropriate commentary at annual reviews.
Ensuring that ICAs meet ROEC guidelines and that any deviations below the benchmark score have the sign off of the Commercial Banking Director.
Identifying potential problem accounts early by actively managing the early warning process, timely actioning of monthly Risk Control reports and, where necessary, referring impaired lendings to the sanctioning point expeditiously after advising/agreeing with the RM.
Managing overdue reports within group and local minimum thresholds.
Effectively liaising with offshore sanctioning teams, if applicable, to check approval status.
Discussing and agreeing with RM any changes to or additional conditions of sanction before sanction is issued and/or before submission to a higher sanctioner.
Providing constructive guidance, including discussion on specific proposals at an early stage, in problem situations.
Reviewing and executing documents with Power of Attorney mandate.

Accountability: Operations – 5%

Outputs:

Authorization of LCs & guarantee limits on E-trade
Authorisation of transactions referred on FOS/BRAINS
Adhering to group and local health and safety standards.
Ensuring audit and compliance issues are fully addressed.
Contribute towards the team operating within cost budgets, making recommendations for ‘working smarter’.

Accountability: Stakeholder Management – 5 %

Outputs:

Supporting the team leaders in delivering effective performance development for individuals within the team.
Driving proactive application of Absa Behaviours both personally and throughout the team and coach and support colleagues within the Team.
Managing relationships with all key stakeholders to ensure that the larger Absa team is pulling together.

Education

Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)

What You Should Know About Corporate Credit Manager, Absa

At Absa, we believe in empowering Africa’s tomorrow, and as a Corporate Credit Manager, you will play a vital role in shaping our financial landscape. Based at our Absa House Head Office in Zambia, this position is all about leading a talented team of CPF Valuations Administrators and ensuring top-notch credit performance. You will be the go-to credit expert for the relationship team, responsible for devising practical credit solutions tailored to meet the diverse needs of our clients. Your expertise will involve crafting high-quality credit applications and maintaining the integrity of our International Credit Advisor data. You will take charge of managing overdue reports, steering proactive measures to identify potential problem accounts early, and ensuring that our submission processes run smoothly. Your ability to build and nurture relationships with clients will be crucial, as you strive to visit existing and new clients at least once per year. In a nutshell, this is an opportunity to contribute to our growth journey while helping your team excel in delivering exceptional credit service. If you are passionate about finance, analytics, and leadership, this could be the perfect place for you to thrive. So come and discover your potential with us at Absa, where you are not just an employee, but part of a family that is committed to making a difference.

Frequently Asked Questions (FAQs) for Corporate Credit Manager Role at Absa

What responsibilities does a Corporate Credit Manager at Absa have?

As a Corporate Credit Manager at Absa, your primary responsibilities include overseeing a team focused on managing credit applications and providing expert advice to ensure high-quality credit solutions. You will assess risks associated with lending, maintain accurate ICA data, and manage overdue reports, ensuring no more than 5% of the lending book is overdue. Additionally, you will identify potential problem accounts early and participate in the development of effective credit risk management strategies.