Manager: Bought-in Properties

2 days ago


Centurion, Gauteng, South Africa Land and Agricultural Bank of South Africa Full time

(Land Bank) is South Africa's only specialist agricultural bank established in 1912, the bank's sole objective is to serve South African commercial and emerging farmers and bring specially designed financial services within their reach. These services enable farmers to finance land, equipment, improve assets and obtain production credit. The Land Bank provides financial services that have moved with the times and continues to provide services to agri-business and constantly reviews its offerings to ensure that they match the needs of an industry. As change has swept across the sector in South Africa the socio-economic makeup of agriculture has altered, bringing new entrants from historically disadvantaged backgrounds on to the land, these new farmers, facing the challenges of establishing sustainable agri-businesses across the agricultural value chain, Land Bank has been a commercial lifeline offering appropriately designed financial products that facilitate personal and commercial viability in a sector that is vital to the sustainability of South Africa and its people.

MAIN PURPOSE OF THE JOB

The development of the Bought in properties strategy, the development and execution of the operating model, benchmarking, building capacity and capability, development or enhancement of associated policies, procedures, controls and effective management of the Bought in properties portfolio/programme which includes establishing and working with internal and external stakeholders and service providers and provide periodic performance updates and reporting to the relevant committees. To successfully manage the Bought in Properties Function by developing and executing the strategies in order to achieve the organisational targets in line with the Bank's Corporate Plan and business strategy.

To create an environment for continuous improvement through:

  1. Process optimisation and automation,
  2. Deployment of fit for purpose workflow systems,
  3. Drive sustainable cost and operational efficiencies through innovation, industry benchmarking and implementation of best practices;

To identify and mitigate any potential business risk, provide management with regular reports and make recommendations to mitigate identified risks, improve processes, and provide cross functional input to improve overall business processes. To ultimately ensure all Bought in Properties are safeguarded to prevent destruction of value and to obtain maximum recovery through the sale of these assets. Bought In Properties – The portfolio of properties that were bought in by the Bank through different initiatives, i.e. auction, liquidation, legal recovery, etc.

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