Lending Specialist: Investment Backed Lending (Lombard Lending) at Old Mutual South Africa

Job Description

• The lending specialist role is a role that includes the origination function and servicing of existing Investment Backed Loans (IBL). The product is a margin loan that is secured by various investments such as a stock portfolio, cash balances, unit trusts etc.
• A significant amount of time will be spent on:
• Monitoring LTVs on existing loans Responding to Portfolio Manager queries Managing the operational flow of new and existing loans

Role description

• Significantly contribute to existing book servicing by engaging with front line staff members (Portfolio Managers and Financial Advisors) on matters pertaining to new and existing loans
• Significantly contribute to LTV monitoring and ensure that appropriate margin call processes are executed as per policy framework
• Support the credit function on matters of loan origination,  loan renewals and loan settlements
• Support the flow of operational processes required to service the IBL product
• Liaise with stakeholders on secured lending matters
• Assist the credit function with periodic audits
• Personal Effectiveness 
• Delivers results through proactive management of IBL stakeholders on matters of loan origination, LTV monitoring, margin call engagement with credit and portfolio managers    
• Works at a team level, and is accountable for service delivery within a function/team and process
• Contribute where possible to the development of processes pertaining to origination, servicing and LTV monitoring
• Provide an excellent customer experience and supporting the achievement of service level agreements
• Demonstrate a general understanding of legislation governing the IBL product such as the National Credit Act
• Support the Market Risk function by demonstrating a keen interest to expand knowledge in Financial Markets, Financial Instruments and the world economy.
• Manage risk by following due process in the processing of IBL applications

Requirements

• Understand and embrace the Old Mutual vision and demonstrate its values
• 3-year degree Finance, Engineering, Accounting, Economics, Actuarial Science etc.
• Ability to work without supervision
• Ability to communicate with stakeholders in other areas of the business
• At least 1 year of Lending or other relevant experience in any financial role
• Excel, Word, and PowerPoint
• Exposure to Loan Management Systems will be advantageous.
• Working with Securities based (Lombard) lending products will be advantageous.

Competencies

• Analytical and Time Management
• Execution and Project Management
• Customer First
• Personal Mastery (Learning)
• Collaboration (Relating)
• Microsoft Office proficiency