Property Risk Consultant – Hybrid at Investec

Description of the role 

Investec (Johannesburg) is looking for an experienced individual with a passion for property and numbers who can amplify and evolve our engagement with internal and external stakeholders.

The individual's primary responsibilities will include but are not limited to;

The ongoing oversight and risk assessment of Investec's development bonds (residential, commercial, industrial, and retail).
Overseeing will be required from inception including testing of the project feasibility and looking at the overall profitability of a development.
Through close communication with clients and their professionals, the successful candidate will be required to manage the proposed developments within the parameters agreed with the client and always ensuring Investec's risk is always adequately mitigated.
The role will also encompass regular interaction with our other Regional Property Risk teams, assisting with deals written in other branches but located in Johannesburg and the identification, assessment, and management of potential property-related risks as they relate to all aspects of property that affect Investec.
The Result

Risk Management

•  A keen understanding of Risk Management as it relates to property as collateral security, with a specific focus on the identification and implementation of processes and controls to mitigate/manage such risks pro-actively.

Development Bonds

• In an attempt to safeguard Investec's interests in developments that are financed by the bank, the following would be applicable:
•  Knowledge and understanding of the Town Planning process as it relates to property and the development thereof.
•  Knowledge and understanding of all regulatory and legal building requirements.
•  Knowledge and understanding of the various legal agreements used during the construction process, i.e. JBCC, PROCSA etc.
•  Staying abreast of the inherent risks associated with lending to properties under development.
•  Keeping abreast of current market conditions (building rates) across the various types of property.
•  A thorough understanding of current building technologies with an ability to identify any issues, i.e. structural, and quality.
•  Analysing and assessing new developments' feasibilities and the viability of those proposed developments.
•  The assessment and authorisation of monthly payments on development bonds that Investec is financing.
•  Monthly reporting and analysis as it relates to developments funded by Investec Johannesburg as per the above.
•  Interaction with clients (internal & external) and professionals on a regular basis.

Property Valuations

•  A strong and thorough understanding of all valuation techniques and what impacts the critical variables based on changes in the macro and micro environment in order to continuously remain relevant in the field.
•  Co-approval and quality control of internal and external valuations.
•  Co-approval of pre-sale and pre-let audits in various types of developments being financed by Investec.

Additional requirements and asks

•  A strong understanding of Basel
•  Development of strong relations with key stakeholders (Consultants, Credit Risk, Legal Risk, External Valuers/QS's, and 3rd Parties)
•  Participation in various forums:
•  Property Forum (analysis and critique of potential transactions)
•  Recoveries Forum
•  Regional Credit Forums
•  Living, embracing and assisting with the embedding of Investec's culture and values
•  Coaching, mentoring, and assisting in the personal growth needs of the individuals in the team insofar as your core skills are concerned.
•  Liaising with property managers to obtain building trial balances.
•  Drive initiatives to improve reporting processes.
•  Drive new initiatives and system implementation.

Description of the skill and experience required 

•  Minimum of 4 years Quantity Surveying experience, i.e., Professional Quantity Surveyor.
•  Relevant tertiary education.
•  BSc Quantity Surveying (Hons) coupled with a MSc (Property Studies).
•  Registration with the relevant professional bodies.

Additional skills/knowledge

•  Expert Excel, Word and PowerPoint skills.