The Cashflow & Equipment Finance team support Indigenous businesses to develop their capabilities and take full advantage of their business opportunities.
Role:
The Transaction Manager Cashflow & Equipment Finance reports to the Lending Manager Cashflow & Equipment Finance and plays a key role in assessing and establishing invoice finance, performance bond, producer offset loan and equipment finance applications with a focus on providing a high level of customer service, and the continued implementation of operational efficiency in line with appropriate risk controls.
Key success factors for this role include:
- Engage with customers to compile the necessary knowledge of the business to undertake full risk analysis of the application.
- Complete approval memorandums, including risk analysis and summaries of facility requests, and submit with appropriate recommendations to delegates for approval.
- Have sound understanding of market, contractual and industry risks that our customers are exposed to.
- Have sound understanding of invoice finance and surety products market.
Duties:
- Analyse customer credit history, management capability, financial statements and cashflow forecasts, historical project and contract management.
- Assess asset risk, concentration risk and contract risk in a proposal and determine the most appropriate lending structure to meet the customer's needs and mitigate key risks.
- Communicate effectively and build relationships with customers, colleagues and stakeholders to educate and support them, and to source sufficient information to enable informed credit assessments to be conducted.
- Provide invoice finance operational support/service to customers.
- Provide customer service and develop relationships with internal/external customers.
- Conduct invoice finance Field Exams.
- Train, advise, and communicate risk appetite and procedures to team members including Account Management.
- Participate in major program projects and take an active role in cross-functional teams to assist in driving quality improvements, processes, and initiatives.
- Other duties as required.
Required capabilities
These are essential unless otherwise indicated.
Essential
- Display Aboriginal and Torres Strait Islander cultural capability including having:
- awareness and understanding of Aboriginal and Torres Strait Islander societies and culture as well as the demonstrated ability to liaise, communicate and negotiate sensitively and effectively with Indigenous individuals and communities.
- awareness and understanding of Australian Indigenous issues particularly as they relate to small business.
- Experience and knowledge of invoice discounting and performance bonds/surety guarantees.
- Knowledge of AML/CTF, PPSA, Privacy and Fair-Trading Legislation and requirements.
- Experience in documenting commercial finance facilities.
- Experience in analysing invoice finance ledger and financial trends to detect emerging risks, including fraud.
- Problem solving skills and ability to negotiate constructive solutions with customers to enable them to successfully operate the facility.
- Ensuring that all work performed is timely, accurate and of high standard, and meets customer expectations as well as legislative and regulatory requirements.
- Commitment to high quality customer service and demonstrated ability to build beneficial working relationships with colleagues, stakeholders and customers.
Prerequisite requirements
- Good verbal and written communication skills to engage with customers and assist them with their facility.
- Strong understanding of accounting and financial principles.
- Previous invoice discounting and/or performance bond experience required.
- Knowledge of factoring systems, preferably C3.
- Proficiency in Microsoft suite of products.
Reference documentation: www.iba.gov.au
- About Us – Our Values
- About Us – Working at IBA
- About Us – News and Publications – Annual Reports
Further enquiries: Alex Fernandez, 02 9207 6367 or
email: Alex.Fernandez@iba.gov.au
Applications: Online via Jobs - Indigenous Business Australia (iba.gov.au) or
mail to: IBA Recruitment, PO Box 650, Fyshwick ACT 2609
Closing date: 27 January 2025
If you have any issues in filling out the form below please contact ibarecruitment@iba.gov.au
