Valuation Specialist

MAIN PURPOSE OF THE JOB:To provide a professional agriculture, economics and valuation service to support the various Provinces in effectively managing collateral by conducting on-site visits to assess the condition and value of collateral for the Region highlighting any operational factors that may impact the conditional and future value of collateral.To conduct on-farm or on-site agronomical assessments and inspections of the bank security and re-valuations, effectively manage the collateral in terms of the loan agreement and Collateral Management System (CMS) process thereby identifying collateral shortfalls to minimise risk and prevent financial losses, make recommendations to improve the overall Farm status and mitigate potential risks.To provide ongoing technical advice to the provincial team on valuations.Key Performance AreasSpecialist assessment and valuations of CollateralProvide specialist support to Collateral Unit and the Bank.Conduct detailed assessment and valuations of agricultural land, industrial land, urban land, farms, plantations, livestock, crops, equipment and other loose assets held by the bank as collateralComplete and submit detailed reports as part of a comprehensive valuations, including:Viability/FeasibilityComparable salesRisks & mitigationsRecommendationsProvincial Agricultural Knowledge Database and Knowledge SharingCollect, process, and package information within the allocated area of responsibility, including amongst others, the determination of the following:Market value of fixed propertyProduce pricesMarket trendsEconomic patternsPotential of landMarket value of loose assetsMarket value of cropsMarket value of other specialized assetsKeep the database up to date as appropriate and share at a divisional levelContribute information to the national agricultural specialists’ databaseCustomer and Stakeholder Relationship ManagementBuild, foster and maintain consistent, effective and strong relationships with key role players (internal and external) and strengthen relationships with the potential to secure additional business opportunities from external for the bank.Participate in agriculture events in the province and contribute to research and insights as a subject matter specialist respected by peers in the industry.Represent the Bank in appropriate forums and events as appropriate.Stay up to date with provincial initiatives and developments and further strengthen the relationship to assess further business opportunities to promote long-term mutually beneficial relationships.Risk ManagementProvide input into Collateral related Policies and SOPEnsure that Collateral is managed in line with the Collateral Management Policies and SOPImplement Effective Risk Management by conducting inspections following the relevant Bank's policy and procedures and ensure that the bank’s collateral has the most up-to-date collateral valuations as per the banks’ requirements per asset classConduct Collateral Management Risk Inspections:Conduct the farm visits following the processes and proceduresConduct routine inspections of existing clients and/or securities and ad hoc inspectionsIdentify and report potential risk to clients operations including to the condition of underlying collateralMonitor progress of projects financed by Land Bank and ensure adherence to agreed loan terms and conditions as requiredIdentification of assets under a Special Notarial Bond for collateral security purposesConduct Agronomical Assessments and prepare valuation reportsPrepare professional valuation reports in line with internal/external standards, regulatory requirements, and industry best practicePerform farm visits to ascertain whether the farm funding was utilised as intended:Ensure that the funds have been used for their stated purposeMonitor and evaluate the progress of the client for any early warning signs of distressAdvise with subject matter experts and link clients with relevant stakeholders to provide technical advice to clients where necessaryConduct in-depth farm Agronomical Valuation:Determine accurate farm valuesProvide a detailed assessment report including insights, farm status and possible interventions (to rehabilitate).Preferred Minimum Education and Experience A relevant 3-year qualification in Agriculture or relevant equivalent5 years’ experience as a Valuator in the Agricultural sector5 years’ experience in Agricultural businesses, a Co-op, or similar organisationsCritical Competencies Microsoft OfficeKnowledge / Experience of financial and business analytical principles, tools and systemsProperty Valuation PrinciplesLoose asset Valuation PrinciplesRisk Management PrinciplesLending / Credit Assessment PrinciplesFinancial and Business AcumenAdditional Requirements Knowledge/Experience of Professional ValuationsKnowledge/Experience of Agricultural Industry and commoditiesKnowledge of PFMAKnowledge of the National Credit Act, Company Law, Contract Law