Deal Facilitator: Retail Credit Sanctioning at Absa Group Limited (Absa)

Job Description

Home Loan Assessments:

• Conduct thorough assessments of home loan applications for individuals and entities.
• Evaluate creditworthiness, financial stability, and risk associated with each application.
• Ensure compliance with regulatory requirements and internal policies.
• To timely assess applications (lower offers/appeals) based on the Absa Credit Risk, Model and Credit policies.
• Achieve SLA target with of 90%.
• Easy checks to be assessed where merit exists within 4 hours.
• Incompletes will have a TAT of 2 days to obtain additional information from source.
• Indexing of appeals and additional info sent to the DF queue within a TAT of 2 hours upon receipt.
• Collaboration/Initiatives/Forums.
• Collection of information for errors received on scored applications and addressed with relevant departments.
• Training and workshops for sources/colleagues as required, in terms of anomalies Identified during the validation process and sources non-compliance in terms of Application capture and minimum requirements.
• Adhering to policies/procedures and ad hoc requests received.
• Proactively identify areas of improvement and addressing this via the relevant means with management.

Stakeholder Engagement:

• Collaborate with various stakeholders, in a professional manner.
• Provide guidance and support to stakeholders throughout the application process.
• Build and maintain strong relationships with key partners.

Volume Management:

• Effectively manage high volumes of home loan applications.
• Prioritize tasks to meet deadlines and maintain service levels.
• Implement streamlined processes for efficiency.

Decision Making:

• Make informed and well-supported credit decisions.
• Utilize credit scoring models and risk assessment tools.
• Present recommendations and justifications for credit approvals or declines.

Risk Management:

• Identify potential risks associated with home loan applications.
• Mitigate risks through thorough analysis and adherence to risk management protocols.
• Stay abreast of industry trends and regulatory changes affecting credit risk.

Compliance:

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

Reporting:

• Generate and analyze reports related to home loan applications and credit decisions.
• Provide insights into key performance indicators and trends.

Qualifications and Skills:

• NQF6 (Ideal NQF 7), preferred in Accounting, Economics, Banking and Finance or relevant field
• 5 years credit experience preferred.
• 3 home loans experience preferred
• Exposure to Credit assessments preferred
• Excellent analytical and decision-making 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.