Senior Agriculture Business Support Specialist
6 months ago
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
The jobholder is responsible to carry out quality risk assessments, strategy formulation, client interaction and delivery of turnaround and managed exit strategies to a portfolio of high value Agriculture customers experiencing financial distress.
**Job Description**:
Credit Risk Management
- Lead detailed negotiations with customers, other lenders, creditors and 3rd party advisors regarding the agreement to and implementation of strategy, to ensure properly mitigated credit risk for the Bank, based on continued bank support.
- Where appropriate, obtain customer’s agreement to the use of professionals including accountants, turnaround professionals, attorneys and property professionals.
- For turnaround customers, agree critical success factors in liaison with Relationship Executives, Regional Credit Managers and other Credit teams to ensure credit risk normalisation and relationship preservation. Obtain customer commitment and agreement to implement appropriate risk mitigation strategies and remedial actions to improve the client credit risk profile.
- Be able to pro-actively identify and suggest alternative corporate structures and / or Corporate Finance actions (e.g. merger activity, consolidation or divisionalisation of entities etc.)
- Solid understanding of legal documentation and associated risks, including:
- Review of all legal documentation pursuant to the existing facility structure, identifying and obtaining additional security and / or shortcomings in terms of said structure
- Review of all legal documentation which is entered into from a restructure perspective
- Must be able to engage and support internal legal counsel with respect to litigation matters
- Interact with client representatives, most at senior level (e.g. CEO and / or FD), including shareholders from time to time, and be able to meaningfully discuss and question the client’s proposed strategies and action plans - including appraisal of budgets and cash flow plans
- Identify where risk mitigation strategies have broken down and negotiate and implement remedial or corrective action in consultation with the client.
- Make lending decisions within an appropriate personal mandate.
- Structure a lending solution for the client based on the analysis conducted, that will account for the potential threats to the client and, that is within set credit limits and the Bank’s credit lending policies and appetite.
- Produce relevant management information and statistics, i.e. monthly impairment assessment and Strategy sheets, etc as required from time to time.
- Manage exposures by taking daily credit decisions and reviewing information from various systems (CMS) and taking credit decisions accordingly.
- Request and drive valuations on properties from RE’s/business units, which serve as security for facilities to be used to calculate impairments.
- Champion the Business Support team’s relationship with internal and external customers, develop a strong network of internal contacts, external and panel professionals to maximise financial benefit for the Bank.
- To drive the implementation of appropriate strategies and/or risk mitigation measures in the client portfolio with a view to reducing the Capital at Risk.
- Inputs into the weekly/monthly impairment forecasting, as required from time to time.
- Proactively manage Business Rescue as governed by Chapter 6 of the Companies Act of 2008, and in alignment with the existing Business Support Procedures for time to time.
- Monitor the client’s business performance on a continuous basis, in addition to performing formal reviews at specified time intervals, to ensure early identification of changes to the client’s risk profile.
- Analyse and interpret the clients’ historical data i.e. financial statements to forecast the client’s potential growth and sustainability and make recommendations or take decisions within mandate.
- Ensure client meets financial convenants and the facility terms and conditions on a monthly basis by reviewing in line with the agreed covenants/terms and conditions/timelines.
- Review and recommend the impairment calculations, strategy to be adopted and Watch List risk classification for each client, which forms part of the Watch List summary for all High Value clients under his/her control.
- Review the Impairment/Capital at Risk calculation, on a monthly basis and sign off in line with the Bank policies.
- To manage the clients’ value to Absa through optimising revenue opportunities i.e. pricing for risk in terms of the Pricing policy.
- Mitigate and manage the credit exposure to the Bank by adhering to
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