Specialist: Collateral Management

4 weeks ago


Bloemfontein, South Africa Land Bank Careers Full time

**Job Advert Summary**:
(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**

Ensure all collateral captured on the collateral management system are valid, accurate and complete in area of responsibility.

Ensure all collateral are captured on the collateral management system is in line with Land Bank policies and procedures.

**Key Performance Areas**:

- **Collateral Dual Control**

Ensure that all required security objects are captured accurately and linked to the applicable agreements correctly

Capture on CMS

Capture on CMS

Release on CMS

Ensure supporting valuation / source documents are uploaded promptly and accurately to the Bank’s record management system

Compile and Bulk upload of combined data for updates to valuation or expiry information by IT department.
- ** Proactive Collateral Management**

Conduct deeds office searches by means of the Windeed system and any other required searches / tools in confirmation of the registration in favour of Land Bank for conveyancing and notary transactions.

Information on Windeed system to be confirmed for accuracy and correction / update required in the deeds office to be escalated to Conveyancers.

Reports from Windeed to be uploaded to Onbase in terms of the record management policy as stipulated in the file plan.

Capture of the registration date, bond number and other relevant information of conveyancing and notary transactions and ensure accurate timing

Ensure that the CMS is a valid, accurate and complete representation of the security in favour of the Bank on a daily basis

Collaborate with Conveyancers for registration or cancellation of conveyancing transactions in the deeds office and ensure that cancelled security agreements are set inactive on the CMS on the same day.

Daily execution lists from the deeds office to be processed for security registered (new) or to set security inactive (cancelled bonds)

Execution lists to be uploaded to Onbase upon processing in terms of the Bank’s current Records Management Policy and as stipulated by the file plan.
- ** Routine valuation updates and confirmations**

Ensure that asset valuation inspections, agronomical assessments are conducted in line with the banks policies and that backlogs are escalated timeously

Obtain regular CMS expiry reports to enable updates to routine valuations at the frequencies stipulated by the Credit Policy.

Update valuations on the CMS upon receipt of the BF90, CMS report, external valuation or other supporting valuation document on time.

Release valuations workflowed on the CMS once the update is concluded

Ensure timing and capturing of valuations for a specific month is released on the System prior to the month end run

Run of the CMS register to enable statement of the collateral value in terms of the set calculation requirements and to enable ECL calculation by finance department, management accounts / financial statements for the Bank.

Manage securities by initiating inspections for tangible movable or immovable assets from AES officials or external valuators prompted by CMS expiry reports at the set frequencies dictated by policy.

Manage security by obtaining updated confirmation documents for intangible assets prompted by CMS expiry reports at the set frequencies dictated by policy or in special conditions set upon loan approval

Generate and analyse CMS coverage gap report to identify gaps and escalate to the Relationship Manager to enable bridging of collateral coverage gaps by acquiring additional security or redemption of debt.

Initiate and manage external service providers for verification scanning inspections on Micro-Chipped Livestock and manage micro-chip reports and manage register.

Action any changes to collateral as approved by the relevant credit committees on release, substitution, consolidation, expropriation, servitudes etc.

Ensure supporting / source valuation documents are uploaded promptly and ac



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