Loan Administrator at Old Mutual South Africa

Job Description

An exciting opportunity exists for a skilled loan administrator within the Old Mutual Masisizane Fund team.

The focus of the roles is on the administration of the loan approval and disbursement process, and monitoring of compliance with conditions for ongoing disbursements.

Key Result Areas

Loan documentation

• Collate and review of documents and compare with approved terms and conditions

• Confirm compliance with agreed conditions.

Quotations

• Request quotations from Old Mutual Finance (OMF).

• Provide terms and conditions for OMF to conform to credit approval.

Disbursements

• Compile loan packs and submit to OMF.

• Resolve queries related to documentation.

• Conduct disbursement training.

• Update staff about changes to the disbursement process.

Reports

• Review loan reports, submit corrections and changes (after restructures, payment breaks and amended terms).

• Assist with queries when the credit controller is not available and advise OMF accordingly.

Loan management

• Review and monitor OMF actions in relation to the terms and notify Masisizane management of errors.

• Administer the Loan Management System and handle queries.

• Train users in the use of the Loan Management System and address problems/errors as the first line of support

Securities Register

• Monitor timeous registration of securities and ensure the completeness/accuracy of the securities register.

Meetings

• Attend credit review and OMF operations review meetings.

• Facilitate Optimus steering committee and user feedback meetings.

In order to deliver on the key areas of responsibility you will need the following:

• Be self-managed and possess excellent time management skills

• Accuracy and attention to detail

• Computer literacy

• Good interpersonal skills and ability to deal with internal and external stakeholders

• Operate with minimal supervision

• Excellent stakeholder engagement and communication skills

• Provide proactive and reactive support to management in the form of information, reports and presentations

Role Requirements

• Finance degree

• Knowledge of lending practices and requirements

• At least 1 year working experience in loan administration or similar experience will be highly advantageous

The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit.