Loans Officer

8 hours ago


Sandton, South Africa IDC Full time

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 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

**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: IDC00085


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