Job Description

We have an exciting opportunity within FNB Commercial Property Finance, where the Bank’s strongest Credit minds lead!

FNB is seeking a dedicated and experienced Credit Head to oversee and manage the credit risk associated within our income-producing real estate portfolio. This role will focus on analyzing funding request for income-generating properties across various asset classes (e.g., commercial, industrial, residential income, retail). The ideal candidate will possess a strong understanding of financial analysis, risk management, and the unique credit considerations within the income-producing property market.Role Purpose:

The IPRE Credit Head will be responsible for the credit origination strategy as well as independent credit assessment, structuring, approval recommendation, and ongoing risk management of Income Producing Real Estate (IPRE) exposures, ensuring alignment with the bank’s credit risk appetite, policies, and regulatory requirements.

Key Responsibilities

• Own product policy in terms of annual refinement of the IPRE credit policy and risk appetite framework.
• Originate and independently assess IPRE credit applications, including new facilities, renewals, and amendments.
• Perform in-depth financial analysis of property cash flows, borrower financial statements, and tenant profiles.
• Assess property fundamentals such as location, quality, tenant concentration, lease terms, and vacancy risk.
• Review valuation reports, stress assumptions, and loan-to-value metrics.
• Structure facilities with appropriate covenants, pricing, and security to mitigate credit risk.
• Prepare clear, well-reasoned credit submissions and present recommendations to Credit Committees.
• Monitor approved IPRE portfolios, including covenant compliance, revaluations, and early warning indicators.
• Engage with deal teams, legal, valuations, and risk functions to ensure effective transaction execution.
• Support management of distressed or watchlist accounts, including remediation strategies.

Requirements:

• Relevant tertiary qualification in Finance, Accounting, Property Studies, or a related field. (CA/SA is ideal)
• Strong experience in IPRE or Commercial Property credit risk (typically 5–8+ years).
• Solid understanding of property valuations, cash-flow modelling, and credit structuring.
• Proven ability to exercise sound credit judgement and operate independently.
• Strong written and verbal communication skills, particularly for credit papers and committee presentations.
• Good understanding of regulatory and internal credit governance standards.

Important Closing Date Note

Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below.

16/07/26 All appointments will be made in line with FirstRand Group’s Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.