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Old Mutual Limited (OML) is a premium African financial services group that offers a broad spectrum of financial solutions to retail and corporate customers across key markets in 14 countries.
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.
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