As a responsible lender and to ensure longevity as an institution, Land Bank is committed to sound environmental practices both internally and with our clients. With every loan dispensed and every farming enterprise initiated, we have to make sure that we are not only looking after our clients, but ensuring that their agricultural practices do not harm the environment but add value and are sustainable in the long term.​
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MAIN PURPOSE OF THE JOB
- To provide a professional agriculture, economics and technical specialist service to support the Province in effectively evaluating the business case viability of financing customers, including conducting on-site visits to familiarize the Bank with the business operations in which the Bank will be investing its funds, with the additional objective of minimizing potential risks and financial losses.
- To conduct on-farm agronomical and financial assessments for high-risk and delinquent clients and make recommendations to remediate as well as rate the farm/business according to the approved bank’s risk rating models, schedule inspections of the bank security and re-valuations, effectively manage the collateral in terms of the loan agreement and Collateral Management System (CMS) policy thereby identifying collateral shortfalls to minimise risk and prevent financial losses, refer farmers to service providers for technical support and make recommendations to improve the overall Farm status and mitigate potential risks
- To provide ongoing technical advice to the provincial team to ensure the submission of high-quality applications for both new and distressed loans.
Key Performance Areas
Specialist Inputs into Business Case Viability
- Provide specialist support to Bankers to enable the structuring of appropriate financial solutions and feasible transactions.
- Determine the development phase of the farming venture and conditions of the infrastructure, management skills, topography, accessibility, development potential of the farm, grazing component and carrying capacity and any other relevant general conditions.
- Responsible for conducting the required valuation of the entity’s assets through an on-site visit to the business property to evaluate the viability of financing customers, based on the strength of their assets.
- Inspect crops on the land and calculate the net realisation and impact on financial position.
- Determine the realisable value of movable assets, and identify and locate the security offered.
Provincial Agricultural Knowledge Database and Knowledge Sharing
- Keep the database up to date as appropriate and share at a divisional level
- Contribute information to the national agricultural specialists’ database
- Ensure availability and access to identified users.
- Transfer knowledge to the team to empower them in understanding the technical context.
Customer and Stakeholder Relationship Management
- Build, foster and maintain consistent, effective and strong relationships with key role players and strengthen relationships with the potential to secure new business opportunities for the bank.
- Participate in agriculture events in the province, and contribute to research and insights as a subject matter specialist respected by peers in the industry.
- Represent Land Bank in appropriate forums and events as appropriate.
- Ensure that all stakeholders remain aware of the value of the Land Bank’s products, processes and principles related to agricultural financing within the Land Bank environment.
Monitoring, Advisory and Support
- Implement Effective Collateral Management by conducting inspections following the relevant Land Bank policy and procedures and ensure that the bank’s collateral has the most up-to-date collateral valuations as per the banks’ requirements per asset class.
- Engage external stakeholders including cooperatives, commodity associations, provincial government departments and farmer’s associations as required in respect of distressed accounts.
- Compile the farm inspection report and ensure all identified and potential risks are clearly articulated and list remedial actions to mitigate them.
- Provide management with monthly consolidated collateral management status reports on the allocated portfolio.
Conduct Agronomical and Financial Assessments
Perform farm visits to ascertain whether the farm funding was utilised as intended:
- Ensure that the funds have been used for their stated purpose
- Monitor and evaluate the progress and financial position of the client for any early warning signs of distress
- Advise with subject matter experts and link clients with relevant stakeholders to provide technical advice to clients where necessary.
- Conduct in-depth farm Agronomical Assessment specifically for High Risk, Delinquent and Non-Performing Accounts
- Determine factors for delinquency or default.
- In the event of an identified default or arrears client account make proposals for rectifying the problem
- List possible interventions for rehabilitation or referral to Legal.
- Provide possible solutions and recommendations with motivation.
Preferred Minimum Education and Experience
- A relevant 3-year qualification in Agriculture or an equivalent
- Experience in Agricultural Extension Services - 5 years or
- Experience in Agricultural businesses, a Co-op, or similar organisations - 5 years
Critical Competencies
- Microsoft Office
- Knowledge / Experience of financial and business analytical principles, tools and systems
- Property Valuation Principles
- Agricultural Economics
- Risk Management Principles
- Lending / Credit Assessment Principles
- Financial and Business Acumen
Additional Requirements
- Extended hours as and when required
- Travel as and when required
- Needs to keep abreast with agricultural economic trends
Closing Date
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MAIN PURPOSE OF THE JOB
- To conceptualise, structure, develop and manage/implement innovative funding mechanisms, structures and partnerships with government and private sector external stakeholders so as to establish new blended finance funds to support profitable growth of the Bank’s development and transformation reach.
- To build and maintain effective relationships with fund partners and stakeholders.
- Sourcing of grant and concessionary co-funding development funding lines in order to provide appropriate funding to support financing of development and transformation.
- Implement the funds and manage fund operations.
- Reporting on Fund impact.
Key Performance Areas
New Fund/ Business Development / Strategic Partnerships and Service Provider Management
- Lead the review and establishment of the memoranda of agreements for blended finance fund partnerships for the Bank.
Where applicable represent Land Bank, as an appointed Board Member/Steering Committee Member, on partner and/or Fund Investee Boards/Steering Committees and ensure:
- Regular attendance of board/steering committee meetings and important related meetings.
- Make serious commitment to participate actively in committee work.
- Stay informed about board or other steering committee matters, including sufficient preparation for meetings, reviews and comments on minutes and reports.
- Building and maintaining collegial working relationships with partners, clients and board/steering committee and management teams.
- Develop briefs and input technical criteria for bids for service provider panels.
- Actively manage and monitor the portfolio to ensure adequate implementation and service delivery in respect of fund services as well as services to beneficiaries.
- Manage the resolution of fund execution disputes and ensure the development of guiding principles where applicable and required.
Management of the fund operations, reporting requirements for funds and funding lines
- Oversee fund execution queries and resolution of fund disputes.
- Review of grant disbursement drawdown requests for Land Bank and other participating financial institutions.
- Develop and review fund process flows, fund brochures and marketing material.
- Develop and review training material, structuring and funding frameworks to support fund execution.
- Develop and review the reporting templates and fund performance progress reports.
- Review and preparation of monthly, quarterly and periodic DALRRD and stakeholder reports as agreed in the respective MoAs of the funds.
- Manage internal fund reporting requirements on a periodic basis (monthly, quarterly, annual and on adhoc basis).
- Manage reporting to National Treasury and on an adhoc basis to Portfolio Committees of Parliament and any other external reporting as may be required from time to time.
- Negotiate funds and/or partnerships and rollout timelines with the relevant parties and dynamically manage expectations.
- Oversee system developments and enhancements to support fund implementation.
- Keep all stakeholders regularly informed of the status of the funds and partnerships.
- Oversee the management of periodic audit programmes and submission of information to internal and external auditors.
Client and stakeholder relationship management
- Manage relationships in accordance with policies, procedures and legal requirements.
- Manage relationships within the allocated time frame and resolve client queries and issues relating to the agreements promptly and professionally.
- Manage internal engagements with the funders/partners on funded transactions where restructures or business support is required for previously funded beneficiaries.
- Participates in events to represent Land Bank and project/fund interests including managing the market image of the funds.
- Facilitate meetings / steering committee engagements of the Bank with funders, partners and manage conflicts etc.
- Participation on a non executive director basis on Boards and committees of associated fund entities as nominated by the Bank.
Internal Stakeholder Management
- Provide training to relationship management and supporting business units (frontline divisions and support divisions) on the application of the funds.
- Provide support to internal stakeholders in their utilisation of the different funds.
- Engagement with various internal divisions to create an enabling environment for the utilisation of the funds and actively promote the utilisation of the various funds.
- Collaborating with internal stakeholders to unlock and unblock utilisation of the funds.
- Manage and monitor that execution of transactions is in line with the fund mandate and criteria.
- Participate in resolving internal fund disputes and provide guidance on fund rules where applicable and required.
- Manage fund steering committees and specialist internal departmental inputs to operationalise funds.
- Provide oversight on adherence to fund criteria for front line’s transactions and submissions to credit committees / Third Party Funds Committee.
- Manage and track submissions to committees.
Preferred Minimum Education and Experience
- Honours Degree or Post-graduate Diploma in Financial Accounting / Agriculture / Financial Management/ Credit or Investment Management/ Engineering
- 7 years Project Management
- 7 years Post qualification experience which will typically include the following:
- Business development and management of client and stakeholder relationships preferably in a financial and customer facing environment
- Partnership development, structuring and knowledge of analysing a set of financial statements and do an assessment of financial/credit risks and operational risks
- Knowledge of credit principles and practices and relevant legislation
- Review of legal agreements to support the fund establishment and fund management operations
- Knowledge of industry and business cycles
- Knowledge of standard banking compliance requirements
- Fund management experience
- Develomental Finance and PPP (public private partnerships) experience
- Financing of small , medium sized entities & cooperatives and large sized entities to support development impact projects and/or transformation.
Critical Competencies
- Microsoft Office
- Knowledge / Experience of financial and business analytical principles, tools and systems
- Knowledge of business environment
- Credit Risk Principles
- Economic Principles
- Financial and Business Acumen
- Customer Service Principles
- Financial Modelling
- Project and People Management
- Structuring of fund partnerships
Additional Requirements
- Travel as and when required
- Extended hours as and when required
Closing Date
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Job Advert Summary
MAIN PURPOSE OF THE JOB
- To provide IFRS technical accounting advisory, managerial and operational expertise in order to provide relevant and reliable information for business decision making through the design, implementation and maintenance of effective financial processes, procedures and policies.
- To ensure effective accounting activities relating to the maintenance of a complete and accurate general ledger.
- To provide relevant stakeholders with accurate and complete information for reporting and decision making purposes, supporting the accurate compilation of Financial reports.
- The role is also responsible for ensuring that internal financial controls are in place and are adhered to.
- Technical accounting advisory forms a critical part of the function of the role.
- Manage the Annual Financial Statements process and Audits for both the Bank and Insurance
Key Performance Areas
Month-end focus - General Ledger maintenance (Overall responsibility for data accuracy and integrity by performing general ledger reconciliations and income statement analysis)
- Assigns responsibilities to relevant assistants, including the creation of reconciliations.
- Manage the month-end focus. (Including investments, write-offs, insolvencies, fruitless and wasteful and irregular expenditure, impairments, etc.)
- Makes sure that reconciliations are done accurately and timeously, checks them against supporting documentation and ledger balances.
- Review of the audit files for completeness and accuracy.
- Ensure that the General Ledger and journal entries are in accordance with defined standards by analysing accounts and correcting misallocations and miscalculations.
- SAP Banking Month-end Run (as and when required)
- Manages transactions in SAP (i.e. confirmation of transactions and informing ICT to block user access to prevent further transactions being processed during the month-end run).
- Oversees the opening and closing off the SAP FI (SAP Financial Module) period for processing.
- Liaises with ICT and run the month ends for SAP Banking and ensure a successful month end with integration to SAP FI.
Compile Financial Reporting (Annual Financial Statements (AFS), NCA Form 40, Land Bank tax return and any other ad-hoc reports)
NCA Form 40, Land Bank tax return and any other ad-hoc reports
- Reports are due in accordance with scheduled activities; or
- Requests are received for the compilation of a report. Analyse the request to determine the nature and extent of the report
- Statutory
- Management
- IFRS/IAS Compliant
- Timeous reporting, archiving and distribution in accordance with policies, procedures and legal requirements
- Gather and verify applicable data from all relevant sources and collate data into required reporting format
- Make recommendations in accordance with the information at hand
- Submit the report for review and approval where necessary
Annual Financial Statements
- Review of the prior year AFS for technical updates due to changes in International Financial Reporting Standards (IFRS) and other relevant legislation (PFMA, National Treasury Regulations, VAT Act, etc.)
- Advise management of the subsidiaries of any changes in accounting standards
- Update the current year AFS with all the relevant changes
- Seek continuous improvement in the process of preparing the AFS
- Compile the AFS within the allocated time frame
- Collect and verify applicable data from all relevant sources and collate data into required reporting format
- Make recommendations in accordance with the information at hand
- Submit the report for review and approval where necessary
- Distribute the report to the relevant role players
Technical Accounting research
- Remain up to date on the Technical IFRS Standards by attending training courses and reading knowledge material.
- Informs General Manager: Finance and management team of updates and changes required to the Land Bank accounting treatments.
- Examines IFRS and Tax legislation changes that affect the Land Bank or its subsidiaries.
- Review, and consult (if necessary) with appropriate Technical professionals to completely understand the implications of IFRS or Tax updates to the Bank.
- Drive the implementation of required changes in Finance.
Processing of entries on client’s accounts
- Compiles a register for all write-offs and waivers received.
- Timeous processing of all write-offs and waivers.
- Compiles a register of all insolvency transfers.
Liaison with internal and external auditors
- Liaises with both internal and external auditors and responds to audit queries/opinions.
- Responds to areas that they highlight –this may require clarity issues, giving information, designing and amending controls.
- Implementation of action tasks/projects to address audit findings relating to his/her area.
- Coordination of Audit Process - responsible for ensuring smooth interim and year-end audits, including coordination of Client Assistance Schedules.
Preferred Minimum Education and Experience
- CA (SA) or equivalent
- At least 5 years Financial Accounting and Reporting experience
Critical Competencies
- Advanced Microsoft Office/ Excel
- Knowledge / Experience SAP/ Financial Reporting Software
- International Financial Reporting Standards (IFRS)
- PFMA (Public Finance Management Act)
- Banking and Financial Services
- Land Bank Act
Additional Requirements
- Travel as and when required
- Extended hours as and when required.
Closing Date
Method of Application
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