Manager, Business Support and Recoveries (Agriculture & Commercial Segment) at Standard Bank Group

JOB DESCRIPTION

• To pro-actively attend to the recoveries process and the protection of the bank’s asset base on non-performing loans with values across the entire product spectrum.
• To proactively represent Business Support and Recoveries at CRC committee level.
• To innovate and design alternative credit risk management / rehabilitation and recovery methods aimed at optimal efficiency and effectiveness
• To reduce the cost of delivery and to conform to end-to-end value propositions.
• To effectively engage with internal and external stakeholders in order to optimize returns for the Bank.

Key responsibilities:

Credit Support

• In the Business Commercial Banking (BCB) environment the composition of facilities, financial information and collateral is more complex, mostly consisting of:
  • Companies in a holding – subsidiary relationship or sister companies with inter-company loans (annual turnover ranges between R10 million to R500 million, or
  • High net worth private individuals.
• Undertakes a meaningful assessment of the financial position of the business and/or individual by engaging with the Account Executive / Account Manager, Credit Evaluation Manager and the customer to obtain all the necessary documentation and information.
• Investigates a wide range of factors regarding the distressed customer including:-
  • identifying enterprise wide exposures, including exposures to sureties;
  • primary reasons for distress;
  • strength of financial statements;
  • past performance;
  • future profitability / sustainability;
  • cash flow generation;
  • industry outlook;
  • validation and valuation of existing collateral and the possibility of improving the position;
  • evaluation of impairment requirements;
• Provides a full recommendation to business, credit and the customer regarding a restructure or if not possible, recommends legal action to protect the bank’s position.
• Provides recommendations on restructure strategies, if possible when interacting with Business Rescue Practitioners / Turnaround Specialists.

Credit Recoveries

• Complies with all statutory, regulatory and supervisory requirements.
• Maintains the highest ethical standards to prevent market abuse.
• Reports any breaches and exposures to the Unit Head and/or the division’s Regulatory Compliance Officer.
• Investigates, develops and applies best recoveries practices in the unit.

Business Rescue

• To ensure the effective management of a Business Rescue matter by Standard Bank BCB, across all products into an executable plan aimed at rehabilitating a customer whilst, at the same time, minimising the risk to the Bank.
• To ensure the formal rehabilitation of a company in financial distress, and the negotiation of a Business Rescue plan with a Business Rescue practitioner (who has taken over full management of the company in Business Rescue).
• To propose the development and implementation, if approved, of a plan to rescue the client by restructuring its affairs, business, property, debt and other liabilities, and equity in a manner that maximises the likelihood of the company continuing in existence on a solvent basis or, if it is not possible for the company to so continue in existence, results in a better return for the company’s creditors or shareholders than would result from the immediate liquidation of the company.
• To formalise a plan in terms of mandates granted to the Business Rescue Manager by the bank.

QUALIFICATIONS
Qualifications:

• 3 year tertiary Diploma or Degree in Business / Finance / Legal / Accounting / Banking / Credit and/or Risk (Beneficial)
• Certifications: Credit / Risk Management / SARIPA (AIPSA) (Beneficial)
• Matric Certificate (Non Negotiable)

Experience and Skills:

• 3 - 5 years relationship management and/ or credit / risk recoveries experience, if no tertiary qualification is held.
• Min 3 years experience in a Relationship Manager role - having experience with supporting accounts to a value of R5m onwards
• 5 year experience in a Business Commercial and Banking (BCB) Credit environment (preferably in a Credit / Risk Assessment or Recoveries role).
• Highly experienced understanding in Financial Statements (non-negotiable)

ADDITIONAL INFORMATION
Technical competencies

• Computer literacy – knowledge of applicable systems (MS Word, Excel, Power Point)
• Accounting/budgeting/Financial skills
• Risk management ability
• Credit evaluation skills
• Recoveries evaluation skills

Personal competencies

• Business Acumen
• The jobholder is required to be solutions driven and must be able to interact and work with people at all levels (strategic/operational) and must have a win/win attitude.
• Pays attention to detail.
• Methodical.
• Diplomatic.