Luvuyo Booi
Credit Manager
Fourways
Summary
I am a knowledgeable and experienced Credit Manager with a robust background in financial and credit analysis. I have a proven ability to assess credit risk effectively and to structure appropriate facilities that align with both the assessed credit appetite and the financial needs of clients. My unique capability to incorporate sector-specific analysis along with a comprehensive understanding of overall economic conditions enhances my approach to support credit proposals and manage credit risk.
Overview
18
18
years of professional experience
Work History
Credit Manager
Investec Bank – Investec for Business
07.2023 - Current
- Analyse and assess the credit risk on the client, structure proposed facilities, highlight major risks and mitigants, security and drivers of the business. All these are included in the credit application.
- Prepare quality credit applications showing an in-depth understanding of the client, industry, and drivers of the business, including well thought out recommendations, ensuring it is aligned to the bank's credit risk appetite and approach.
- Provide well considered recommendations & present to the credit committee and/ or other relevant stakeholders.
- Continuously assess, analyse & interpret the credit risk of the existing client base, highlighting potential risks and recommend risk mitigations.
- Ensure that clients meet set covenants and non-compliance is reported to Credit Committee.
- Conduct Full Deeds and Credit Searches- on company, shareholders, and individuals, related companies to shareholders and company.
- Applying for credit insurance cover for clients.
- Collaborate with other internal and external stakeholders such as legal department, KYC team, other banks, etc to ensure that the approved facilities are activated and that all conditions are meet before activation of facilities.
- Ensure that the approved deals are implemented appropriately and adhere to policies, procedures and regulatory requirements.
- Build and maintain sound professional relationships with clients and internal stakeholders.
Equity Research Analyst
Investec Bank
07.2021 - 06.2023
- Analysed financial performance: Collected and evaluated financial and non-financial data pertinent to the covered mining companies. Utilized a variety of data-gathering and analysis tools and techniques, such as analysing financial reports and statements.
- Examined the financial performance of companies in my coverage relative to global peers and other domestic market sectors.
- Developed forecasts and projections: Developed financial forecast for financial modelling purposes. Used financial modelling methodologies, combined with performance and financial data gathered and analysed, to provide asset managers with information required to make financially sound investment decisions.
- Provided investment advice: Provided recommendation on which stocks to buy, sell, and hold based on valuation methodology.
- Wrote and published research reports to internal and external clients to assist in the investment decision-making and ensure profitability through intelligent, well-researched investments and strategies.
- Monitored industry trends and news: Stayed up to date with industry trends and news related to mining stocks in my coverage. Because markets can shift rapidly based on news and reports, it is critical that the financial modelling is constantly up to date and reflects changes in the market as these can have a critical impact on valuation and our recommendation over short- and long-term horizon.
- Prepared external reports: Prepared reports for presentation to clients on items that will add value to investment decision making process.
- SA Mining stocks covered: Thungela, African Rainbow Minerals, South32. These have a total market capitalization of about R200 billion.
Equity Research Analyst
Noah Capital Markets
05.2017 - 06.2021
- Analysed financial performance: Collected and evaluated financial and non-financial data pertinent to the covered mining companies. Utilized a variety of data-gathering and analysis tools and techniques, such as analysing financial reports and statements.
- Examined the financial performance of companies in my coverage relative to global peers and other domestic market sectors.
- Developed forecasts and projections: Developed financial forecast for financial modelling purposes. Used financial modelling methodologies, combined with performance and financial data gathered and analysed, to provide asset managers with information required to make financially sound investment decisions.
- Provided investment advice: Provided recommendation on which stocks to buy, sell, and hold based on valuation methodology.
- Wrote and published research reports to internal and external clients to assist in the investment decision-making and ensure profitability through intelligent, well-researched investments and strategies.
- Monitored industry trends and news: Stayed up to date with industry trends and news related to mining stocks in my coverage. Because markets can shift rapidly based on news and reports, it is critical that the financial modelling is constantly up to date and reflects changes in the market as these can have a critical impact on valuation and our recommendation over short- and long-term horizon.
- Prepared external reports: Prepared reports for presentation to clients on items that will add value to investment decision making process.
- SA Mining stocks covered: Exxaro, Kumba Iron Ore, South32, African Rainbow Minerals, South32, Anglo American and BHP. The total market capitalisation of the above companies is over R1 trillion.
Product Controller
Absa Capital Securities
08.2014 - 04.2017
- Company Overview: Absa Capital Securities (ACS) is a stockbroking company which provides equities trading services for internal and external clients. ACS also provides equity research to clients, amongst other services offered by the company.
- Reviewed daily profit and loss reporting to Traders and Senior Management of ACS.
- Performed profit and loss investigations when there were significant differences between expected and actual profit and loss.
- Reviewed the daily reconciliation between BDA, Bank GL and Front Arena balances for ACS, Prime Services and Equities for Intercompany balances facing ACS.
- Reviewed stock position differences between Trading system and BDA.
- Reviewed the daily reporting of list of clients ACS generated revenue on the previous day.
- Performed reconciliation and substantiation of balance sheet accounts and sign-off on reconciliations.
- Prepared Management Pack for monthly General Ledger Reconciliation and Substantiation meeting.
- Performed STT calculation and submit to Tax Dept for review prior to payment to SARS.
- Perform execution premium to be invoiced to Equities and Prime Services monthly.
- Prepared financial performance slides for the monthly Management Committee pack and prepare pack for quarterly board meeting.
Product Controller: Exchange Traded Funds (ETFs)
Absa Capital
10.2012 - 08.2014
- Company Overview: ETFs team is responsible for the management of all ETFs listed by Absa Corporate and Investment Bank on the JSE.
- Performed daily Net Asset Value calculation of the ETFs and compared our calculations to Administrators’ calculations.
- Ensured that websites are correctly updated to reflect up to date information such as net asset value of the fund and index values of the ETFs.
- Liaised with Market Maker, Sponsor, Asset Manager and Administrator to ensure that new issue of ETFs units is listed on the JSE successfully.
- Performed distribution calculation of how much the fund can pay as distribution to EFT holders and ensure that SENS is issued to the market on time.
- Prepared SENS announcements of the annual financial statements to be published to investors via JSE.
- Performed tax responsibilities for the New Funds entities such as normal tax calculations and returns, vat calculation and completed returns and DWT returns.
- Maintained reconciliations balance sheet accounts of the ETF funds.
- Performed a consolidation of ETF Funds that meet criteria to be consolidated into Absa Bank’s financial records.
- Performed weekly Profit and Loss reports and send them to Financial Decision Support team.
- Collaborated with auditors in the audit of New Funds Pty Ltd and New Funds Collective Investment Scheme.
- Submitted audited annual financial statements of New Funds Pty Ltd to FSB and JSE.
- Performed monthly Capital Adequacy Report of New Funds Pty Ltd to the FSB.
Financial Reporting Analyst
Absa Capital
04.2012 - 10.2012
- 6 months rotation program
Balance Sheet Controller
Absa Capital
10.2011 - 04.2012
- 6 months rotation program
Financial Review Analyst
Absa Capital
04.2011 - 10.2011
- 6 months rotation program
Audit Supervisor
KPMG
01.2011 - 03.2011
- 3 months contract
Audit Trainee
KPMG
01.2008 - 12.2010
Education
Bachelor of Commerce - Accounting Honours
University of Johannesburg
Johannesburg, South Africa 04.2001 -
Bachelor of Commerce - Accounting
University of Fort Hare
01.2006
Matric - undefined
Abambo High
01.2002
Skills
Technical and analytical skills
- Analytical and reasoning skills
- Financial statement analysis
- Ratio analysis
- Credit risk assessment and analysis
- Data analysis and interpretation
Industry and regulatory knowledge
- Understanding of BASEL III
- Knowledge of lending regulations and compliance
- Familiarity with banking and financial services products
Interpersonal and attributes
- Decision making and professional judgement
- Negotiation and client relationship management
- Attention to detail and diligence
- Communication and presentation skills
Personal attributes
- Analytical mindset with strong commercial awareness
- Adaptability to changing market or credit conditions
Timeline
Credit Manager
Investec Bank – Investec for Business
07.2023 - Current
Equity Research Analyst
Investec Bank
07.2021 - 06.2023
Equity Research Analyst
Noah Capital Markets
05.2017 - 06.2021
Product Controller
Absa Capital Securities
08.2014 - 04.2017
Product Controller: Exchange Traded Funds (ETFs)
Absa Capital
10.2012 - 08.2014
Financial Reporting Analyst
Absa Capital
04.2012 - 10.2012
Balance Sheet Controller
Absa Capital
10.2011 - 04.2012
Financial Review Analyst
Absa Capital
04.2011 - 10.2011
Audit Supervisor
KPMG
01.2011 - 03.2011
Audit Trainee
KPMG
01.2008 - 12.2010
Bachelor of Commerce - Accounting Honours
University of Johannesburg
04.2001 -
Bachelor of Commerce - Accounting
University of Fort Hare
Matric - undefined
Abambo High