Loan Processor

Job description

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.

My Career Development Portal: Wherever you are in your career, we are here for you. Design your future. Discover leading-edge guidance, tools and support to unlock your potential. You are Absa. You are possibility.Absa job application

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Interview preparation courses
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Risk management training
Loan document vetting
Mortgage loan services
Absa operational risk
Business communication courses
Loan processing software

Job Summary

Credit Operations-Loans section – To vet the scanned Loan documents. Capture/update customer details and create loan accounts for onward credit scoring.Banking career opportunities

Job Description

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Loan document vetting
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To process loans on Ebox,BSA and Sybrin as per daily target.Job description templates

Ensure that all Loans i.e. customer/ Staff loan applications and overdrafts are processed within the agreed SLA for all the branches in your cluster.

·       Monitor and manage CRB requests on daily basis for  Mortgages and staff applications.

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Mortgages
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·       Processing Staff and Mortgages loansCredit operations training

·       Staff loans and Mortgages query resolution

·       Management of staff/Mortgages accounts and raising data sheets

·       STO Maintenance for staff loans and Mortgages upon receiving requests from collection.

·       Authentication of accounts in credit i.e. UA08 Report-Accounts in credit and Nil Balances

·       Reconciliations of suspense accounts for Loan refinancing and electronic fund transfers

·       Dropping of Overdrafts

·       Ensure all applications received comply with policy guidelines.Loan processing software

·       Maintain a diary system to ensure that conditions of sanction are compliant with, and reviews are done in a timely manner i.e. Staff loans, Cash covered overdrafts etc.

·       Monitor clearance of excesses on Staff accounts.

·       General Filing.

·       Provide daily statistics for Productivity measuring tool.

·       Review all Staff applications and conduct a full assessment. Decline any cases that do not meet policy requirement. Escalate cases to supervisor/Credit Operations Manager

·       Keep, and sustain a consistent MI showing trends, volumes, TAT, WIP management in your area of operation.Staff loan processing

Any other duties assigned to you by the Manager-Loans, Invoicing and Staff Accounts

Outputs:

·       Generate both daily and monthly MI on all opened Loan accounts.

·       Participate in snap checks as assigned by Team LeaderCredit operations training

·       Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Absa Operational Risk Framework and internal Absa Policies and Standards.

Education

Further Education and Training Certificate (FETC): Business, Commerce and Management Studies (Required)Loan processing software