Millennium Systems International is an exciting and dynamic software company based in Parsippany, NJ and was founded in 1987 to provide the beauty and wellness industry with forward-thinking, powerful management software and vital tools. We’ve built a company based on revolutionary technology, outstanding support, and more importantly, a strong passion to educate salon and spa owners on how to sustain success. Our sof
Millennium Systems International is an exciting and dynamic software company based in Parsippany, NJ and was founded in 1987 to provide the beauty and wellness industry with forward-thinking, powerful management software and vital tools. We’ve built a company based on revolutionary technology, outstanding support, and more importantly, a strong passion to educate salon and spa owners on how to sustain success. Our sof
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 This role involves working closely with a team of distress restructuring specialists to partner on developing financial models that balance solution-orientated thinking with accuracy to a portfolio of companies experiencing financial distress to formulate client strategies and execute restructuring and turnaround strategies. Job Description Accountability Credit Management Analyse and were appropriate stress test client forecasts and short-term cash flows. Conduct strategic options analysis for distressed clients – including financial restructuring and exit strategies. Manage and monitor a portfolio of clients within the Business Support environment against the determined strategy of either “Turnaround” or “Managed Exit”. Lead 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. 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. Monitor customer progress against agreed strategies and action plans through analysis/appraisal of plans and budgets \& cash flow. Identify where risk mitigation strategies have broken down and negotiate and implement remedial or corrective action in consultation with the client. Deliver high standards of credit quality for high-risk cases through the application of best practice to credit proposals. Make lending decisions within an appropriate personal mandate. Perform robust financial and non-financial analysis on the client that will support and underpin all new proposals in terms of the clients' credit risk implications by liaising closely with business to formulate Credit applications/proposals. Assess credit applications for WL clients within own mandate and approve or decline these applications or recommend to the appropriate sanctioning level. Facilitate the credit sanctioning process by responding to sanctioned enquiries i.e. non - acceptance of approved terms and conditions, applications and/or attend all relevant Credit meetings, where necessary, in order to present and sponsor credit applications that have been submitted under the mandate holder's signature. Manage exposures by taking daily credit decisions and reviewing information from various systems e.g Credit Management System, and taking credit decisions accordingly. Use information gathered in support of reviews/amendments/new applications to be submitted to Business Support in liaison with the Relationship Executives (RE). 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 fortnightly/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 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 covenants and the facility terms and conditions on a monthly basis by reviewing in line with the agreed covenants/terms and conditions/timelines. 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. Review and recommend the impairment calculations (based on Capital at Risk), strategy to be adopted and WL risk classification for each client, which forms part of the WL Watch List summary for all clients under his/her control. Review the Impairment/Capital at Risk calculation, on a monthly basis and sign off in line with the Bank’s 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 the Business Support Policy and Procedures and the Bank's Credit policy. Interact with clients, where necessary, and resolve on a timely basis, all client credit related problems/queries as and when required by interacting with the stakeholders and formulating the appropriate solution/strategy to be adopted for a particular client. Maintain thorough, accurate and up to date case management recordal, which include a set of financials, evaluations and credit decisions. Obtain input from Product Industry Specialist/s, where appropriate, for assistance in analysing the risk for specific clients. Ensure that the monthly Watch List is accurate and completed in line with the relevant policies and procedures. Accountability: People and Stakeholder Engagement Ensure adherence to Absa’ values Raise local profile in the team as well as the broader Group Risk team and business partners. Accountability: Governance Ensure that you only take decisions within delegated mandate. Ensure that you maintain standards in line with Absa policies and standards. Ensure that you follow and abide by processes and procedures. Comply with the Bank’s credit policies and philosophy at all times, and check that any policy breaches have been suitably addressed and mitigated against and reported to the appropriate authority e.g. Forensics. Provide bank codes and reports on clients, to other financial institutions as and when requested. Adhere to the Relationship Banking Credit Policy and other relevant legislation e.g. National Credit Act, Companies Act, Insolvency Act and other relevant legislation. Responsibility for adherence to governance, compliance and lending portfolio controls and MI as required from time to time Education Bachelors Degree and Professional Qualifications: Business, Commerce and Management Studies (Required)Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.Absa Bank Limited reserves the right not to make an appointment to the post as advertised*
Who we are Samsara (NYSE: IOT) is the pioneer of the Connected Operations™ Cloud, which is a platform that enables organizations that depend on physical operations to harness Internet of Things (IoT) data to develop actionable insights and improve their operations. At Samsara, we are helping improve the sa
Millennium Systems International is an exciting and dynamic software company based in Parsippany, NJ and was founded in 1987 to provide the beauty and wellness industry with forward-thinking, powerful management software and vital tools. We’ve built a company based on revolutionary technology, outstanding support, and more importantly, a strong passion to educate salon and spa owners on how to sustain success. Our sof
Experience or knowledge in ...Ability to provide customer...Strong communication skills...Understanding of business m...Capability to work with bea...+2 more
Who we are Samsara (NYSE: IOT) is the pioneer of the Connected Operations™ Cloud, which is a platform that enables organizations that depend on physical operations to harness Internet of Things (IoT) data to develop actionable insights and improve their operations. At Samsara, we are helping improve the sa
Who we are Samsara (NYSE: IOT) is the pioneer of the Connected Operations™ Cloud, which is a platform that enables organizations that depend on physical operations to harness Internet of Things (IoT) data to develop actionable insights and improve their operations. At Samsara, we are helping improve the sa
Wells Fargo["301 W Northern Lights Boulevard, Anchorage, Alaska 99503","333 Market Street, San Francisco, California 94105","877 W Main Street, Boise, Idaho 83702","999 3rd Avenue, Seattle, Washington 98104"]
$60,000 - $109,000/yr
About this role:Wells Fargo is seeking a Business Relationship Support Specialist in Middle Market within Commercial Bank. Learn more about the career areas and lines of business at wellsfargojobs.com In this role, you will:- Be accountable for a complex portfolio of customers - Share leadership role with managers to oversee a portfolio of accounts - Identify opportunity for process improvements within the portfolio - Review and analyze the decision process for customer accounts and evaluate the profitability and risk of designated portfolio - Verify compliance and report identified issues for resolution - Make decisions on complex customer issues - Partner with managers to resolve issues and provides status updates on implementations - Develop expertise in the policies, procedures, and compliance requirements - Handle complex customer issues which include escalation and resolution - Lead team and serve as a subject matter expert for the department - Collaborate and consult with peers,
Business Relationship Suppo...Middle market commercial ba...Customer service focus with...Knowledge of Anti Money Lau...Ability to work effectively...+18 more
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Millennium Systems International is an exciting and dynamic software company based in Parsippany, NJ and was founded in 1987 to provide the beauty and wellness industry with forward-thinking, powerful management software and vital tools. We’ve built a company based on revolutionary technology, outstanding support, and more importantly, a strong passion to educate salon and spa owners on how to sustain success. Our sof
Experience or knowledge in ...Understanding of beauty and...Ability to provide customer...Familiarity with business m...Strong communication skills...+3 more