Securities, Monitoring

3 weeks ago


East London, South Africa Staff Solutions Full time

**Eastern Cape**, East London**

**Negotiable Cost To Company (Market related, Negotiable)**

Opportunity Available Our leading client in the Business Development Sector is looking to employ a Securities, Monitoring & Control Manager to join their dynamic team in East London.

**Compliance to approval conditions**:
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- **Generate relevant loan implementation checklist for the attention of the loans consultant.**
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- **Generate approval letters reflecting terms and conditions of the loan.**
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**Provision of Legal Support for funding products**:
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- **Drafting (based on approved frameworks by legal services) and actioning of legal agreements and documentation in line with funding approval conditions.**
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- **Conduct legal research on legal aspects of disputes or problem areas and obtaining legal opinion where necessary.**
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- **Drafting of security documents (suretyships, notarial bonds, mortgage bonds, cession agreements, etc.) in line with approval conditions - based on frameworks approved by legal services.**
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- **Review and check all signed funding agreements for compliance.**
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- **Prepare all files relating to funding approvals and provide clearance to finance for disbursement of funds.**
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**Collateral Management**:
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- **Initiate the process for registration of securities and liaise with instructed attorney firms and insurance companies for registration where applicable.**
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- **Receive and verify all original securities for safekeeping and validate registration through deeds search.**
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- **Maintenance of records related to active securities.**
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- **Ensure release of securities in all settled matters.**
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**Loan monitoring and reporting**:
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- **Track and monitor all approved active loans for identification of possible default.**
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- **Prepare loan portfolio reports on the performance and standing of the loan book.**
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- **Retrieve monthly reports on all defaulting accounts from the loans system.**
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- **Send bulk digital reminders and letters of outstanding instalment to all defaulting clients.**
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**Management and Perfection of Securities**:
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- **Provide support in formalising loan workouts/restructures and in the collection of outstanding loans through enforcing funding terms and security conditions.**
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- **Assist the Senior Legal Advisor in developing frameworks and techniques to deal with the perfection of securities to ensure recovery of the companies funds.**
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- **Monitor progress on all matters allocated to attorney firms and provide support in the litigation processes.**
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**Stakeholder Management**:
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- **Manage relationships with different stakeholders, such as attorneys, counsel, the companies funding units.**
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- **Liaison and hold meetings with various stakeholders and funders for alignment to industry best practices**.**

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**Job Requirements**:
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- **Bachelor's Degree or equivalent in Commerce / Legal.**
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- **Minimum 8 years working experience of which 3 years must be at supervisory or senior consultant level working in funding or legal administration.**
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For more information please contact:
**Bridgette Groep



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