Closing Date of Advert 2/11/2022
Job Title Senior Credit Manager - Evaluation [Sandown Office - Sandown, GP ZA (Primary)]
Organizational Unit Industrial Development Corporation Ltd -> Group Risk ->
Credit Risk
Job Type Full-time
Category Client Management
Education Level Bachelors Degree
Location Sandown Office - Sandown, GP ZA (Primary)
JOB DESCRIPTION
A permanent position exists at our Head office in Sandton for a Senior Credit Manager-Evaluation within the Credit Risk Department reporting to the Head: Credit Risk
JOB PURPOSE
To be responsible for Credit and Investment risk assessments within the organisation through:
1. Processing of credit proposals, compilation of autonomous Credit Submission Reports that form part of the funding applications disseminated to Credit Committees.
2. Conduct evaluation of assessments that include thorough and rigorous testing of the base case assumptions provided by the client or client facing teams and provide the necessary independent attestation on the merits of the business case.
3. Where necessitated, requesting amendments to proposed terms such as gearing/leverage requirements, default covenants, cash sweep mechanisms, as well as tenor increase/decreases.
4. Being able to address issues within the disciplines of the credit management cycle, including ensuring that annual reviews are undertaken at least annually by CSG, and risk grades updated and pro-actively assisting clients ahead of distress, improving the portfolio credit quality and avoiding concentrations, thereby improving earnings and growth to ensure the integrity of the IDC portfolio and instill an effective and appropriate risk management culture.
5. This role is the custodian of group/counterparty risk appetite and will be required to determine if there is an appetite to breach a counterparty limit, if approached by COMs, in collaboration with the Governance Team, if they believe there is justification to onboard such a transaction
MAIN DUTIES AND RESPONSIBILITIES
1. Provision of independent credit & investment assessments to approval committees; exercising credit judgment; and making sound credit recommendations working within stipulated Service Level Agreement.
2. Performing risk grading of Business Partners through application of in-house credit risk tools and models and give constructive view on the output
3. Ensure adherence to credit policies and procedures as well as team alignment to the Credit Risk Appetite Strategy, taking into account group counterparty concentration guidelines;
4. Responsible for the final sign-off of all risk ratings within the IDC, including accountability for a consistent rating approach for all entities and approval of overrides,
5. Prepare and position submissions at the relevant sanctioning committee (Credit Committees; Executive Policy Meetings etc) and respond to questions;
6. Provide support, guidance and a consistent approach and interpretation of credit and investment principles across the full credit cycle (cradle to grave),
7. Responsible for independent evaluation of annual credit reviews and provide oversight to ensure these are aligned with policy requirements (at least annually)
8. Provide guidance to teams on matters to be followed up and incorporated in the further design and origination of credit and/or investment proposals;
9. Ensure breaches/ potential breaches and/ or exceptions, are timeously addressed and propose, with the Legal, such relevant powers of enforcement as appropriate to fully protect the interests of the IDC;
10. Partner CSG in the monitoring and restructuring efforts for distressed and work-out clients and in determining and agreeing appropriate credit strategies for clients prior submission to the relevant credit approval authority;
11. In collaboration with Legal department seek for the adoption of a consistent approach in the drafting of standardized finance documentation across Group Counterparties as appropriate to ensure consistency of credit terms;
12. Assist Origination Managers in ensuring, prior facility draw-down, that all key and specific credit conditions, such as default ratios, re-pricing terms, information provision conditions, etc, are correctly and clearly documented and properly defined in the relevant facility agreements;
13. Standing Invitee and participant at Investment Monitoring Committee and Portfolio Monitoring Technical Committee and any other portfolio monitoring forum as established by the Corporation from time to time, which would include the management of early distress, watchlist and non-performing clients;
14. Ensure that collateral is maintained and managed in accordance with the IDC Credit Policy and Collateral Valuation Guidelines and that CEM are involved and sign off prior to the release of collateral terms. Important
15. Partner with Risk Governance and Portfolio Management to provide insights on client conduct and lessons learnt when required.
16. Facilitate constructive working relations and healthy working morale with internal stakeholders;
17. Providing input to the development and enhancing of credit policies and procedures;
18. Ensure on-going compliance with Credit Policy and other relevant regulatory requirements;
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QUALIFICATIONS
1. CA / B Com post graduate qualification (or equivalent degree).
2. MBA would be an added advantage
KNOWLEDGE AND EXPERIENCE
1. 8 to 10 year’s relevant experience in a financial institution,
2. Knowledge and understanding of credit and investment risk and any associated risks prevalent in the financing of transactions/projects.
3. Portfolio management experience will be an advantage
4. Extremely good writing and presentation skills, particularly to committees
5. Experience working in a high-level collaborative environment
6. Ability to manage multiple competing priorities while building effective relationships
7. Extremely organized and persistent, with drive and determination to achieve goals•
TECHNICAL/FUNCTIONAL COMPETENCIES
1. Solution minded
2. Business Acumen
3. Report writing Skills
4. Strong attention to detail and data validity
5. Project Management Skills
6. Problem Solving
7. Client Insights & Focus
8. Strong Analytical Skills
9. Planning and Organizing
BEHAVIOURAL COMPETENCIES
1. Good Communication Skills
2. Self-motivated and self-driven skills
3. Coping with Pressures and Setbacks
4. Negotiating and influencing
5. Interpersonal Skills
****REQUIREMENT: As our entity (IDC) Provides financing & funding, the need to ensure trust, honesty and integrity in all financial & non-financial activities must be above reproach***
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