Closing Date 2023/05/16
Reference Number LAN230421-4
Job Title Credit Manager: Commercial and Development Banking (FTC - 12 Months) [Centurion]
Division Risk Management
Unit Risk Commercial Credit
Job Type Classification Contract
Location - Country South Africa
Location - Province Gauteng
Location - Town / City Centurion
JOB ADVERT SUMMARY
The Land and Agricultural Development Bank of South Africa (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
1. The Credit Manager is responsible for the overall applications receivable from Commercial Development and Business Banking (CDBB) portfolio assigned to their defined region as it relates to credit assessment function and credit risk management of new business, existing business and restructured accounts.
2. Manage the end to end credit process of Commercial Development and Business Banking clients in order to enable Land Bank to provide sustainable financing to Commercial Development and Business Banking farmers.
3. Collectively approve loans and credit limits under delegated authority within the Commercial Credit Committee (CCC) structure and review transactions for recommendation within delegated authority mandate.
4. Find innovative credit solutions for Commercial Development and Business Banking clients in order to ensure that credit risks in this target market are adequately assessed, mitigated and controlled.
5. Co-ordinate Commercial Credit Committee (CCC) , Credit Adjudication Committee (CAC) and Pricing Committee meetings; manage committee processes and policies, and act as an information and reference point for the Chairman and other committee members.
6. Manage, control and authorise tasks performed by subordinates ( output of the Credit Analysts and Credit Administrators)
7. Effectively liaise and communicate with the relevant stakeholders within the Land Bank to action performance gaps and variances in the credit evaluation process.
8. Actively provide input in the review and or improvement of the Credit Policy and Procedures in order to enhance and ensure that the legal and business requirements are met.
9. Management of the records ( minutes, agendas, decision forms, registers, ratings and declarations) and safe keeping of all CRMC, CCC, CAC and Pricing committee meetings attended
KEY PERFORMANCE AREAS
Quality Credit Assessment and Credit Risk Management
1. Conduct and ensure quality credit assessment of the loan applications in order to conform to the set standards, highlight anomalies and suggest corrective measures in order to enable Land Bank to improve quality of loan book.
2. Assess business and financial risk by analysing financial statements of applicants
3. Review credit applications for re-advancement of loans taking into consideration past operational/financial performance of
4. Identify any deviation from the Account Management Policy and take remedial action.
5. Monitor and review emerging issues in the re-advanced loans and take decisions thereon or make recommendations
Collective mandate to approve loans and credit limits under delegated authority
1. Compulsory attendance of meetings by the Credit Manager as a voting member.
2. Consider and recommend applications that are mandated to committee for approval, in instances where there is an exception to the approved credit policies
3. To implement the Credit Policy.
4. Ensure a uniform application of credit policies and processes throughout the Land Bank;
5. Prepare for the meeting including pre-meeting reading of documents circulated prior to the meeting.
Manage and perform the duty of the Committee Secretariat (CAC, CCC and Pricing Committee)
1. Co-ordinate Commercial Credit Committee (CCC) , Credit Adjudication Committee (CAC) and Pricing Committee meetings.
2. Provide advice to the Chairman and all members on committee policy and processes;
3. Capture the record of decision in the relevant form accurately, any declaration of interests made by members and the decision made by the Chairperson with regards to recusal and participation on the matter that was deliberated;
4. Ensure Decision forms are signed within 24 hours of a meeting being held;
Credit Policies and Procedures
1. Ensure that the quality and management of the credit portfolio being considered is in accordance with the Credit policies and procedures of the Bank
2. Ensure that policies and procedures are in place to manage and control credit risk within the Land Bank;
3. Provide inputs to review of the Credit policies based on insights gained through management of the credit application process
4. Thorough review of applications with Provincial offices, check adherence to approved credit policies and norms, highlight deviations and suggest corrective action
5. Follow up on suggested corrective actions and submit memos for approval to the relevant Credit Committee
Stakeholder Management
1. Compile relevant training materials and provide training and guidance to the relevant stakeholders on credit related matters
2. Manage and respond to all allocated queries
3. Responsible to build and maintain relationships within the allocated region
4. Responsible to manage and provide technical support to Provincial Offices in respect of credit tools.
5. Responsible to promote a culture of credit risk management with all the relevant stakeholders by optimising and streamlining commercial credit approval work processes to promote efficient turnaround
Governance, recording keeping and reporting
1. Attend to audit findings relating to credit applications for relevant region
2. Initiate corrective action based on audit findings and monitor progress and improvements
3. Ensure that the relevant management information is captured on SAP so as to prioritize risks
4. Ensure that risk controls are in place and control shortcoming
People Management
Performance Management
1. Analyse the business plan to determine the applicable deliverables and targets
2. Conduct performance planning session and Track and monitor performance in accordance with performance contracts
3. Conduct performance reviews in accordance with policies and procedures and take corrective actions where necessary
4. Provide coaching and feedback to employees on how to improve and sustain their performance
Capacity Planning
1. Determine the human resource requirements, in accordance with the expected deliverables and current capacity
2. Secure the human capital requirements to ensure that deliverables will be met in accordance with the expected targets
3. Set and achieve employment equity targets.
4. Minimise staff turnover
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