Stanbic IBTC Bank - Team Lead, Collateral Preparations

Team Lead, Collateral Preparations

    Job ID    9029
    Location Nigeria
    Division Risk Management
    Position Category Credit
    Employment Type Full Time - Permanent
    Shift Yes
    Regulatory Approval Yes
    Post Closing Date    Jun 14, 2012

Position Description

• Attending to all aspects relating to collateral documentation and routine related aspects for the Branches.  Keep diary system to follow up on conditions of sanction and outstanding collateral items.
• Assist in preparing Collateral documents against the supporting documents and articles held.

Key Responsibilities
Preparation
• Checks sanction/corresponding authority from Credit
• Validation of Preparation of collateral documents within turnaround times,  in terms of the Bank’s and other legal requirements, whilst maintaining excellent service to internal customers. These documents include:
• Collateral documents 
• Facility Letters
• Loan Agreements
• Supporting Documents
• Checks Collateral system for Supporting Collateral
• Follow up on all outstanding collateral, facility letters, loan agreements.
• Follow up on queries pending.
• Attend to all telephone/e-mail/fax queries relating to collateral.
• Any other duty that may be assigned from time to time

Guarantees
• Verify information from faxes/email
• Check for corresponding authority from Credit
• Record all guarantee documents in guarantee by bank register
• Diarise to follow up the outstanding guarantees by bank
• File all guarantees by bank

Key Performance Meassures
• Validation of prepared documents are to be 100% accurate.
Dimension to the Job
Daily
• Check  and verifies details on collateral and checks sanction/corresponding authority from Credit
• Validate documents accurately within turnaround times.
• Follow up on queries pending and Facility letters/loan agreements that have been issued and not returned with acceptance timeframe.
• Submit key measures to Johannesburg on a daily basis

Weekly
• Provides report on facility letters/loan agreements issued and returned

Monthly
• Collates the report and submits it to the supervisor.

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