{"id":3523,"date":"2026-04-16T20:02:11","date_gmt":"2026-04-16T20:02:11","guid":{"rendered":"https:\/\/jobs.dataaxisnode.com\/tanzania\/job\/assistant-credit-sanction-manager-at-absa\/"},"modified":"2026-04-16T20:02:16","modified_gmt":"2026-04-16T20:02:16","slug":"assistant-credit-sanction-manager-at-absa","status":"publish","type":"job_listing","link":"https:\/\/jobs.dataaxisnode.com\/tanzania\/job\/assistant-credit-sanction-manager-at-absa\/","title":{"rendered":"Assistant Credit Sanction Manager at Absa"},"content":{"rendered":"

Empowering Africa\u2019s tomorrow, together\u2026one story at a time.
\nWith 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.
\nMy 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.
\nJob Summary
\nReporting to the Business Assurance Manager the purpose of the role will be:
\n\u2022 Review of annual renewal credit papers for Business Banking and Corporate Businesses
\n\u2022 To sanction and structure deals relating to new business propositions from Medium Business Sales or live business applications from Relationship Managers, taking into account Credit Policy.
\n\u2022 To exercise personal \/ joint discretion in structuring and sanctioning facilities with the additional benefit of financial and other information provided by Sales or Customer Services.
\n\u2022 To recommend and implement requisite amendments to Credit Policy.
\n\u2022 To report on proposals, in an agreed format, commenting on product type, the level of advance, covenants and key factorability issues.
\n\u2022 To ensure suitable conditions are set within the customer agreement to mitigate the risk issues.
\n\u2022 To participate in deal teams, visiting prospective customers as required.
\n\u2022 To develop the Credit\/Sales partnership and key relationships with the Sales Teams.
\n\u2022 To assist in training others around the business as required.
\n\u2022 To undertake and complete ad hoc projects as and when required.
\nJob Description
\nMain accountabilities and approximate time split
\nCREDIT MANAGEMENT
\nSurvey Sanctioners (SS) \u2013 25%
\nThe jobholder will assess\/analyse proposals submitted for sanction of Asset & Sales Financing products, requesting further information where required and make Sanction decisions for those proposals within her personal sanction authorities. This will include presentation to higher sanction authorities where necessary and the exercising of joint discretions with others. The jobholder will need to assess the product and financial risks from a wide range of sources, including reports from Business Development Managers, Relationship Managers, Receivables Assessors survey reports, prospective client ledgers, terms and conditions of trade\/contracts, financial accounts and information from other sources such as Credit Reference Bureaus, CCN and Lending Advisor, Business Plans, Due Diligence Reports.
\nThe jobholder will have a personal sanctioning authority, which will be decided by the Head of Credit (depending on the individual mastery of lending activities) for annual renewal of the existing business at same level as well as enhancements\/new businesses.
\nThe job holder will review and recommend applications above her mandate to the respective mandate holders, after ensuring that the paper is of the required standards and qualities.
\nWhere sanctions do not fall within the standard Credit Policy, typically large and bespoke deals, the jobholder is required to structure the proposal in such a way as to balance the customer\u2019s needs with the risk appetite of Absa.
\nLegal documentation is produced\/ratified detailing the terms of the facility and supporting securities involved with a new client prior to dispatch. The jobholder may have to sanction alterations, or amendments to offers when necessary.
\nThe jobholder will ensure the conditions of offers are complied with and may be required to authorize first payments to new customers.
\nThe jobholder will work closely with Senior Sanction Officers where appropriate.
\n\u00b7 The applications sanctioned by the jobholder will be subjected to sampling of lending decisions made around the company. These will be compared with current Credit Policy and where flexibility is required in relation to a particular lending decision it is the jobholder\u2019s responsibility to challenge and amend the original where necessary.
\nSenior Auditor \u2013 Survey Sanction (SS) only: \u2013
\nPlanning & Preparation \u2013 5%
\nLiaise with Corporate Credit Managers to establish specific requirements for each assessment.
\nResearch industry issues as appropriate and review the supporting information provided by Corporate Credit Managers, obtaining additional network reports as required.
\nEstablish contact with the prime mover prior to each assessment to ensure the availability of relevant information and the customer understands scope of the assessment.
\nRisk evaluation, research & analysis and report writing \u2013 70%
\nThe jobholder will undertake the onsite assessment \/ evaluation of debt to be financed at the customer\u2019s premises, often in competitive and \/ or sensitive situations.
\nThrough interrogation of prime movers and detailed analysis of customer information, the jobholder will review and validate adherence to the conditions of the previous sanction.
\nThe jobholder will confirm validity of the debt and the prospective customer\u2019s ability to run a Sales Finance facility.
\nAnalysis will utilize a suite of tests at the discretion of the jobholder (subject to policy compliance) to ensure satisfactory understanding of all 5 key factorability issues: collectability, auditability, contractual completeness, quantifiability, assignability. Further investigation will be carried out to enable satisfactory comment \/ understanding of business viability issues, business structure and personnel.
\nInterrogate and pursue anomalies from discussions with the prospective customer through examination of additional data.
\nObtain hard copy reports including aged sales ledger, aged purchase ledger, trial balance and any other information appropriate to the overall assessment of the facility.
\nEstablish the appropriate funding level based on the outcome of onsite investigations.
\nComplete report of onsite findings using the most appropriate reporting format allowing for the size and complexity of the business operation.
\nUndertake additional audit work (subsequent risk evaluation visits) as work patterns may dictate.
\nRisk and Controls Objectives
\nEnsure that all activities and duties are carried out in full compliance with regulatory requirements, Absa Operational Risk Framework and internal Absa Policies and Standards
\nManage risk and control effectively by applying applicable risk frameworks and embedding a positive risk culture.
\nUnderstanding of own role in the end-to-end processes in which you play a part, including applicable risks and controls.
\nAdhere to Absa\u2019s policies and procedures applicable to own role, demonstrating sound judgement and responsible risk management.
\nReport all risk events \/ incidents \/ issues using the defined process for your business area and help to understand why these happened and how to prevent them in future.
\nProactively look for ways to improve the control environment by considering what could go wrong in the processes you operate and how errors could be prevented.
\nAll mandatory training completed to deadline
\nEssential
\n\u00b7 Knowledge of Asset and Sales Finance Credit Policy and Procedures
\nIn depth knowledge of Money Laundering Policy and Guidelines
\nGood working knowledge of the Companies Act, in order to assess deals such as MBO\u2019s. E.g. section 151 issues.
\nCredit experience within a bank environment.
\nIn depth knowledge of Asset and Sales Finance products and their operation in order to be able to assess the viability of funding structures
\nWorking knowledge of other bank products that may form part of the customer\u2019s credit with the Bank.
\nWorking knowledge of the guidelines and procedures of the FDA in order to effect transfers between factors.
\nUnderstanding of Credit as it applies to the network teams.
\nWorking knowledge of Lending Advisor in order to assess Credit against other Bank business the customer may have.
\nCredit assessment skills
\nPolicy interpretation and report writing experience.
\nEconomic and commercial awareness
\nGood negotiation skill
\nSpent time in a corporate related environment in the Bank
\nFDA\/FLA Certificate\/Diploma
\nWorking towards, or holds, a professional qualification in the Financial Services industry.
\nAbsa Values
\nAbsa\u2019s Values and Behaviours represent the set of standards which governs the actions of all of us who work for the bank and against which the performance of every one of us in Absa are being assessed and rewarded:
\n\u00b7 Trust
\n\u00b7 Resourceful
\n\u00b7 Stewardship
\n\u00b7 Inclusive
\n\u00b7 Courage
\nSharing is Caring! Click on the Icons Below and Share<\/p>\n","protected":false},"author":2,"featured_media":0,"template":"","meta":{"_promoted":"","_job_location":"","_application":"https:\/\/absa.wd3.myworkdayjobs.com\/en-US\/ABSAcareersite\/job\/Absa-House---ABT\/Assistant-Credit-Sanction-Manager_R-15985599-1?q=Tanzania","_company_name":"Absa","_company_website":"","_company_tagline":"","_company_twitter":"","_company_video":"","_filled":0,"_featured":0,"_remote_position":0,"_job_salary":"","_job_salary_currency":"","_job_salary_unit":""},"job_listing_region":[11],"job-categories":[],"job-types":[12],"class_list":{"0":"post-3523","1":"job_listing","2":"type-job_listing","3":"status-publish","4":"hentry","5":"job_listing_region-tanzania","7":"job-type-full-time"},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/jobs.dataaxisnode.com\/tanzania\/wp-json\/wp\/v2\/job-listings\/3523","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobs.dataaxisnode.com\/tanzania\/wp-json\/wp\/v2\/job-listings"}],"about":[{"href":"https:\/\/jobs.dataaxisnode.com\/tanzania\/wp-json\/wp\/v2\/types\/job_listing"}],"author":[{"embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/tanzania\/wp-json\/wp\/v2\/users\/2"}],"wp:attachment":[{"href":"https:\/\/jobs.dataaxisnode.com\/tanzania\/wp-json\/wp\/v2\/media?parent=3523"}],"wp:term":[{"taxonomy":"job_listing_region","embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/tanzania\/wp-json\/wp\/v2\/job_listing_region?post=3523"},{"taxonomy":"job_listing_category","embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/tanzania\/wp-json\/wp\/v2\/job-categories?post=3523"},{"taxonomy":"job_listing_type","embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/tanzania\/wp-json\/wp\/v2\/job-types?post=3523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}