Senior Business Support & Recoveries Manager at Absa Bank Limited

Job Summary

• To provide manage the provision of business enablement services and creation of information to inform decision making.

Job Description

SENIOR BUSINESS SUPPORT AND RECOVERIES MANAGER

Job Purpose

• Be member of the Absa Business Support & Recoveries Team with responsibility for the delivery of turnaround strategies to a portfolio of Business Bank segments but predominantly Small and Medium Corporate customers experiencing financial stress.
• Take responsibility for determining the objectives, strategies and actions that need to be adopted to address business-risk issues, reduce the Bank’s risk, and achieve long lasting turnaround solutions so that the customer can be returned to a Relationship Manager in the Business Banking Department.

Key Accountabilities.

Sales and Service – 20%

• Lead detailed negotiations with customers, sometimes in conjunction with Relationship Managers, regarding the agreement to, and implementation of strategy e.g. new lending propositions, terms and conditions of continuing Bank support etc.
• Manage relationships with customers in a manner which, through professional communication of often uncomfortable messages, increases customer satisfaction and enhances the Absa Brand.
• Identify sales opportunities, progressing these in partnership with Relationship Managers and Group companies where appropriate
• Ensure appropriate pricing is achieved

Business Management – 60%

• Actively manage customers, through customer visiting, to ensure business and banking risk issues are addressed in a timely manner
• Obtain customers’ commitment to implement appropriate strategies and actions to improve business and Bank risk
• Analyse / appraise lending propositions, customers’ plans / strategies and budgets & cash flow - sensitivity analysis.
• Liaise with group companies to ensure coherent management of customers, where there are mutual relationships
• Act as a reference point for Business Bank relationship and credit teams for discussions on specific cases or where more general input from a Business Support & Recoveries “specialist” is required.
• Develop network of contacts internally and also with local external professionals in order to maximise effectiveness in assisting customers.
• Promote the Business Support & Recoveries team to internal audiences (including relationship and credit teams and group companies) and professionals.
• Where appropriate, manage the use of professionals including accountants, turnaround managers, solicitors and property professionals, obtaining customer’s agreement to their use, preparing instructions and reviewing results.
• Ensure data integrity is maintained
• Develop strategies for portfolio management re: SME segment including possible sale of portfolio
• Impairment management including modelling recommendations that arise out of market practice and in line with Absa and regulatory guidelines.

Risk and Control objective – 20%

• Lead discussions with Relationship Managers to identify Bank risk, Business risk and critical issues for specific customers. Lead proactive formulation and implementation of strategies to improve Business and Bank risk.
• Monitor customers’ progress by appraising results revealed by their reporting packages, reviewing / quantifying business and Bank risk.
• Sanction, via CCRS, lending propositions, and strategies and actions to improve risk in the Business Support portfolio.
• Undertake regular raining (in person and online) to Relationship Teams and including through joint site visits.

Technical Skills & Competencies

• Good credit risk skills
• Good relationship management skills
• Strong analytical and numerical skills
• Strong communication and report writing skills
• Good knowledge of Microsoft Excel and other spreadsheet/database applications
• Strong planning, coordination and time management skills
• Proficiency in use of internal IT systems
• Application Deadline – 18th July 2023***

Education

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