Specialist: Monitoring and Arrear Management

7 months ago

Cape Town, South Africa Secondments Recruitment Full time

**Job Advert Summary**:
JOB SUMMARY

To proactively monitor the credit health and risk on assigned Commercial Portfolio of client accounts with exposures of more than R1 million; in terms of the loan agreements and provide regular reporting on the overall performance of the portfolio.

To undertake the execution of the risk and loss mitigation strategies throughout the loan monitoring and arrear management value chain in an effort improve the quality of the book, thereby reducing the account flows to underperforming and non-performing statuses

To ultimately deliver on the Portfolio Management Services vision of being the world class monitoring and arrear management environment by implementing industry best practice strategies through execution of the optimised processes and procedures.

**Minimum Requirements**:
Preferred Minimum Education and Experience
- 3-year Bachelor degree/or advance diploma
- 3 to 5 years' experience in:

- Banking
- Account Management / Client portfolio management
- Debt recovery /Collections
- Business / Credit Analysis
- Financial Analysis/Spreading

Critical Competencies
- Financial & Risk Management including Assessments
- Business Acumen
- Agricultural Economics value chain
- Relevant Legislation
- Collection& Recoveries Management
- Portfolio Management

Additional Requirements
- To assist and stand in for the Portfolio Manager as and when required
- Travel as and when required.
- Extended hours as and when required.
- Valid SA Driver’s License

**Duties and Responsibilities**:
Key Performance Areas

1. Proactive Portfolio Monitoring Management
- Update the loan collateral information on the collateral management system and diarise the frequency of the inspections as per the asset classification policy requirements
- Diarise required activities to monitor the client account in accordance to prescribed policies, processes and procedures and follow up of loan conditions;
- Follow up on insurance ceded to the bank and update Collateral Management System with insurance values.
- Monitoring of the expected Instalment due
- Draw list of expected instalments from the IT system 3 months in advance
- Verify instalment amounts to ensure correctness and rectify if need be.
- Conduct Financial Analysis
- Obtain the Management Accounts/ audited financial statements as per the loan conditions timelines and conduct a financial & risk assessment utilising the appropriate risk tools
- Depending on the outcome of the assessment; follow the appropriate strategy as per the PMS Policy and compile a report on the outcome of all assessments highlighting risks, irregularities, business deterioration and insights.
- Proactive Collateral Management
- Release valuations on the Collateral Management System (CMS) once the upload is concluded upon receipt of the CMS report;
- Manage securities on the client account by initiating CMS inspections prompted by the diary system as well as valuation expiry reports and update the Loan Condition Register at the required intervals
- Draw and analyse CMS coverage gap report to identify gaps and take steps to bridge collateral coverage gaps by acquiring additional security or redemption of debt.

2. Proactive Arrears and Default Management
- Extract the unpaid report to identify clients who have not complied with their payment obligations and execute the risk mitigation strategy by undertaking the following activities: 1st instalment defaulters and 1st payment defaulters
- Engage client and ascertain reason for non-payment
- Where relevant make an arrangement with the client, diarise, send reminders and follow up
- Refer client to Workout & Restructuring where viable.

3. Drive and ensure adherence to the governance, risk & controls and management thereof in line with the Land Bank’s Risk & Compliance Framework
- Maintain customer account information on the bank’s systems in line with the Bank’s current records management policy.
- Keep records of all correspondence with clients as part of record management.
- Manage client files in terms of the Bank’s current Records Management Policy.
- Compile various reports as required for the different governance structures and obtain sign-off and approval from Specialist before sending out reports.
- Maintain the relevant systems as required.

4. Manage Stakeholder Relationships
- Work with the provincial office team, management and committees to establish the control environment that appropriately manages the prevention of inflows into delinquency and defaulting account statuses by:

- Reporting appropriately and adequately on portfolio information;
- Ensuring timeous hand over of accounts:

- to CDB for Refinancing
- to W&R for a possible restructure or turnaround or
- to legal to effect legal action process and/or debt collection
- Take part in the origination process and provide input into the proposed loan conditions

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