Siphiwe Nozipho Nomanzi Shandu
Willow Park Manor
Overview
24
24
years of professional experience
Work History
Credit Specialist: Home Loans
Absa Bank Ltd
10.2019 - Current
- Conduct credit assessments using scorecard models and financial analysis for large property loans.
- Risk Mitigation and Security Collateral
- To identify, implement and measure initiatives to decrease recoveries and write off on existing and new business
- Ensure compliance with credit policies and refine credit processes for efficiency.
- Analyses information, generates and publishes written reports summarising findings and prepares recommendations within area of expertise;
- Quality assures analysis and recommendations | Stakeholder Management:: - Establish relationships with key internal and external stakeholders to source information and make recommendations to; - Build relationships with stakeholders spanning the enterprise in order to collaborate and share findings and recommendations
Officer Finance Clerk
Absa Bank Ltd
07.2015 - 09.2019
- Preventing, monitoring, and manage operational losses
- Verify all signed instructions to process deposits as capital received to ensure correctness and accuracy before processing journal entries on the trust system to give business an indication of inflows and outflows on a monthly basis.
- Verify and carry out first level approval of all payments, i.e. fee instructions prepared by the Trust Officer to ensure correctness and accuracy before allocating it to the Head Office Fee Account.
- Verify all signed instructions to process investments and disinvestments to ensure availability of funds before processing journal entries on the trust system.
- Verify all reconciliations daily and ensure unreconciled items are kept to a minimum and following up and finalise long outstanding un-reconciled items with Trust Officers
- Balance and sign off all reconciliations against the relevant bank statement and previous days' reconciliation including signed instructions.
- Verify and process debits and credits for the relevant bank accounts on the trust system against the unique trust reference number daily.
- Verify that the trust system, relevant reconciliation and bank balance are the same and discrepancies to be managed and finalised before the reconciliation is e-mailed out the Trust Team.
- Monitor, document and prepare invoices of accrued interest on a monthly basis and ensure that it is signed off by Branch Managers to report half yearly that business is still preparing and accountable for all reconciliations as required.
- Allocate interest accrued on capital deposits to individual Trust/Funds, as per the required and approved policies and processes.
- Engage with Trust Officers to ensure that Capital Transfers are timely done and are correctly allocated to the correct Trust/Fund account.
Credit Analyst
Nedbank Ltd
05.2007 - 06.2015
- Credit assessment on business clients, which include analysis of Financial Statements.
- Analysis of Corporate Financials and weekly and monthly preparations of Stats for the Relevant Region.
- Recommending decisions to be taken by the company on each facility.
- Compliance monitoring, analysing monthly and ad hoc reports, pro-active problems identification and proactive provision of solutions and alternatives thereof.
- Preparing of excess reports and approval reports compiling expenditure reports and evaluations
- Identifying accounts that in excess and following up thereon; Management of Accounts Payable and Accounts Receivables.
- Accurate loading of loan facilities
- Initiate all hand over reports to the Legal Team and ensuring that all Audit Findings are addressed timeously
- Reconciliation Management, update and analysis of Debtors Lists
- Ensure adherence to procedures of transfer of accounts to and from Credit and Credit Risk.
- Check up and follow up on covenants and approval condition and track and Monitor agreed amendments and negotiations, including attorney liaisons.
- Writing reports and monthly meeting minutes of the region and solving client's queries.
- Financial month end reporting Balance sheet & Income Statement reconciliation on Moody's.
- Custodian and maintenance of filling system of all client's accounts
Banker Sales & Service
Nedbank Ltd
01.2005 - 05.2015
- Team leader at the Banker Teller division.
- Ensuring that the corporate image requirement is met which includes attitude, service management, telephone behaviour and housekeeping.
- Ensuring 100% accuracy in terms of stock control of credit card and chequebooks daily.
- Conducting a weekly audit on all stock.
- Managing front desk and teller staff members.
- Selling and cross-selling Nedbank products to clients.
- Sending sales leads through to the sales team.
- Initiating payments with regards to procurements
- Office administration.
Personal Banker
Nedbank
07.2001 - 12.2004
- Managing a portfolio of clients
- Selling and cross selling Nedbank products to clients
- Report Writing to the team manager on sales and leads
- Building and maintaining Relationships
- Ensuring Sales and Service target are met.
- Pro-actively initiating sales and Office Admin
Education
Post Graduate Diploma - Business Administration
GIBS - Pretoria University
01.2023
B Com - Business Management
Unisa
01.2018
Diploma - Credit Management
Unisa- Institute of Bankers
01.2006
Matric -
Tsako Thabo High
01.1994
Skills
- Telephone and email etiquette
- Effective communication
- Documentation review
- Loan underwriting
- Credit analysis
- Financial statement analysis
- Collateral evaluation
- Loan application processing
- Credit decision making
- Consumer credit laws
- Banking regulations
- Credit data assessments
- Customer relations
- Financial statement review
- Risk assessment
- Documentation preparation
Languages
English
Short Term Courses Completed
- Credit Risk Assessment
- Financial Statement Analysis
- Vehicle and Home loan Financing
- National Credit Act
- Code of Banking Practice
- Financial Advice Intermediary Service
- Occupational Health and Safety Act
- National Credit Act and Company's Act
Extra Mural Activities
- Participates in a weekly local litter clean-up initiative, contributing to environmental conservation efforts in the community.
- Volunteer at local food shelters or community kitchens, helping those in need and giving back to the community.
- Helps during charity fundraising events, including sponsored runs and bake sales, to support local causes and organisations.
Knowledge And Skills
True, True, True, True
Attitude Values
- Common Sense
- Eagerness to learn
- Flexibility
- Integrity
- Mature outlook
- Organization
- Commitment
- Passion for service
- Proactive
- Sense of urgency
- Supportiveness
Telephone
079 601 3169, (011) 354 4387
Personal Information
- ID Number: 771114 0352 084
- Nationality: South African
References
- Phathu Nelwamondo, Regional Credit Manager, Absa Fraud, 011 354 4585
- Lucas Hlongoana, Branch Manager, Absa Trust, 011 225 8470
Timeline
Credit Specialist: Home Loans
Absa Bank Ltd
10.2019 - Current
Officer Finance Clerk
Absa Bank Ltd
07.2015 - 09.2019
Credit Analyst
Nedbank Ltd
05.2007 - 06.2015
Banker Sales & Service
Nedbank Ltd
01.2005 - 05.2015
Personal Banker
Nedbank
07.2001 - 12.2004
B Com - Business Management
Unisa
Diploma - Credit Management
Unisa- Institute of Bankers
Matric -
Tsako Thabo High
Post Graduate Diploma - Business Administration
GIBS - Pretoria University