Loans Officer
6 months ago
The position is responsible for actioning key functions within with the Loans and Shares functions, as well as certain supervisory functions related to tasks and people
**Qualification and Experience** KNOWLEDGE AND EXPERIENCE**
- A minimum of 5 - 8 years’ relevant work experience (Accounting/debtors).
- A sound knowledge of IDC processes would be an added advantage.
- SAP system experience preferably in Loans Management Module.
- Excel and Word
**QUALIFICATION**
BCom degree with accounting as major
Relevant Financial Management Degree.
**Roles and Responsibilities** The key functions of the position include**:
- Creation of contracts on SAP following approval by the relevant credit approval committees and specific Fund approval bodies
- Monthly clearing of GL clearing accounts, as assigned.
- Checking loan agreements activated by Loans Administrators for accuracy and completeness.
- Implementation of LOAs.
- Daily disbursement processes related to Loans and Shares
- Manually maintaining interest rates on specific accounts
- Assistance with Legal Matters, Certificate of Indebtedness, litigation matters
- Online debit order collections on relevant payment dates
- Preparation of normal and IRR settlement amounts, on request from business.
- Action write-offs as approved by the relevant approval bodies and in line with Delegation Matrix
- Post-approval changes on SAP, including but not limited to the CAM system.
- Management of Trade Finance revolving credit facility transactions
- Management of Guarantee and Letter of Undertaking processes
- Management of all Share-related transactions, including but not limited to the selling and purchasing of shares, redemptions and dividends.
- Posting of debit positions and other business operation items
- Signing of security release forms as requested by Corporate Secretariat.
- Managing the completeness and execution of designated tasks, such as legal agreements, CAMs; LOAs; Guarantees etc.
- Co-management of large, complex transactions together with administrators
- Maintain accuracy of Loans TB for assigned SBUs.
- Manage IMC processes, as required, for assigned SBUs.
- Review and posting of journals, as required.
- Reconciliation of the Loans TB to the IDC GL
- Addressing internal and external client queries and review pertaining to queries
- Ad hoc on the job training and mentoring of staff.
- Liaising with Internal and External Auditors
- Numerous routine and ad-hoc support functions
**Job Requirements** BEHAVIOURAL COMPETENCIES**
- Deadline driven
- Attention to detail
- Must be able to work effectively within a team structure
- Good Communication Skills
- Good Interpersonal Skills
- Coping with Pressures and Setbacks
- Good Time Management Skills
**TECHNICAL COMPETENCIES**
- Supervisory Skills
- Project Management Skills
- Strong Analytical Skills
- Planning and Organising Skills
Job Reference: IDC00250
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