Employing Company: Stanbic IBTC Bank
We are recruiting to fill the position below:
The Job:
Vacancy - Account Management Officer
Job ID: 12817
Location: Nigeria
Division Group: Risk Management
Position Category: Risk Management Operations
Employment Type Full Time - Permanent
The Company
Stanbic IBTC Bank is a leading African banking group focused on emerging markets globally. It has been a mainstay of South Africa's financial system for 150 years, and now spans 16 countries across the African continent.
Group Finance is a corporate function that serves the overall Standard Bank group across a variety of accounting disciplines - internal and external reporting, budgeting and planning, tax, technical accounting and investor relations. It also runs the bank's capital management and regulatory reporting teams and the financial shared services processing centre. Group Finance has its own, dedicated SAP technical support and development team and a new financial systems and process improvement programme team known as Refine.
Position Description
To carry out credit procedures, maintain a tight control over all aspects of advance administration, with the primary objective to contain credit risk within acceptable parameters.
Key Responsibilities
Ensure that accounts identified as problematic are placed on the watch list and re-risk graded to reflect their current irregular status.
Ensure reconciliation of the Valuation SRA account is ready by the third working day of a new month
Manage and ensure the proper monitoring and reconciliation of the following GLs:
VAF receivables account 990908NGN3002000 /839705921 reconciliation
Initial deposit account, PB, BB & CIB fee accounts, Early Rebate Penalty and Late Charges account reconciliation
Insurance Suspense Account reconciliation
Documents Awaiting Suspense reconciliation
Maintain a diary system to ensure timely follow up and ensure that corrective action is taken and the account rectified as indicated.
Ensure that irregular accounts are downgraded as per policy and facilitate hand over to R & R post 30 days in arrears.
Communicate with branches to ensure regularization of accounts.
Ensure that accounts identified as problematic are placed on the watch list.
Monthly reporting of accounts to be placed on Watch-list to Team Leader, Credit Risk Management.
Updating Covenant tracker - Monthly for all accounts.
Extensions Suspense reconciliation
Debit Order Suspense reconciliation
Maturity Deals Report auctioning
Unearned Income account reconciliation
Earned Income account reconciliation
VAF Book Balance (Segmented & Consolidated) reconciliation
VAF Income Account (Segmented & Consolidated) reconciliation
Ensure reconciliation of the LC Commitment GL is ready by the 3rd working day of a new month
Identify irregular accounts and liaise with respective branches to ensure that remedial action is taken to regularize the exposures or escalate them to respective evaluation Manager or Manager, Credit Risk Management who will escalate them further to higher authority
Ensure that covenants and approval conditions for facilities are recorded, diarised and followed up effectively.
Ensure call-over of loading tickets used in booking previous day transactions is done and ready before 2.00 pm the following day.
Liaise with approved Estate Surveyors and ensure that turnaround time on Property Valuation does not exceed three days.
Any other responsibility assigned by the Team Leader.
Key Performance Measures
Risk Management:
Maintain a high quality-lending book, through the judicious and effective management thereof.
Customer service / performance measurement:
Add value to PBB Banking by delivering a prompt, efficient and professional risk management service.
Key Dimensions of the Job
Daily:
Daily capturing and monitoring of covenants
Ensuring proper actioning of credit reports.
Ensuring the proper monitoring of excesses
Updating the diary system to which facilitates appropriate follow-ups.
Weekly:Ensuring weekly reports are actioned accordingly.
Monthly:
Timely submission of reports/returns to Finance and SAC
Timely submission of Damage control report.
Follow up on outstanding audit issues
Required Skills and Qualifications
Experience:
Minimum of 4 years Banking experience, particularly credit risk management.
Analytical with a tolerance for high volumes and problem absorption whilst detailed oriented.
Required Competencies
Competencies:
Excellent oral & written communication skills. Correspondence to be articulated in a logical and well-structured manner. Must be able to convey facts, ideas and opinions clearly.
Resilience - Ability to stand ground when being challenged.
Integrity - Maintaining a high level of trust.
Good organizational skills to achieve required work flow.
People management skills and great team player.
Proficiency in the use of MS Office Suite especially MS Excel.
Analytical skills with ability to analyze large data.
Attention to detail. Thorough, particular and accurate in nature.
Initiative - Identification of possible outcomes and taking preventative measures.
How to Apply
Interested and qualified candidates should:
Click here to apply online
We are recruiting to fill the position below:
The Job:
Vacancy - Account Management Officer
Job ID: 12817
Location: Nigeria
Division Group: Risk Management
Position Category: Risk Management Operations
Employment Type Full Time - Permanent
The Company
Stanbic IBTC Bank is a leading African banking group focused on emerging markets globally. It has been a mainstay of South Africa's financial system for 150 years, and now spans 16 countries across the African continent.
Group Finance is a corporate function that serves the overall Standard Bank group across a variety of accounting disciplines - internal and external reporting, budgeting and planning, tax, technical accounting and investor relations. It also runs the bank's capital management and regulatory reporting teams and the financial shared services processing centre. Group Finance has its own, dedicated SAP technical support and development team and a new financial systems and process improvement programme team known as Refine.
Position Description
To carry out credit procedures, maintain a tight control over all aspects of advance administration, with the primary objective to contain credit risk within acceptable parameters.
Key Responsibilities
Ensure that accounts identified as problematic are placed on the watch list and re-risk graded to reflect their current irregular status.
Ensure reconciliation of the Valuation SRA account is ready by the third working day of a new month
Manage and ensure the proper monitoring and reconciliation of the following GLs:
VAF receivables account 990908NGN3002000 /839705921 reconciliation
Initial deposit account, PB, BB & CIB fee accounts, Early Rebate Penalty and Late Charges account reconciliation
Insurance Suspense Account reconciliation
Documents Awaiting Suspense reconciliation
Maintain a diary system to ensure timely follow up and ensure that corrective action is taken and the account rectified as indicated.
Ensure that irregular accounts are downgraded as per policy and facilitate hand over to R & R post 30 days in arrears.
Communicate with branches to ensure regularization of accounts.
Ensure that accounts identified as problematic are placed on the watch list.
Monthly reporting of accounts to be placed on Watch-list to Team Leader, Credit Risk Management.
Updating Covenant tracker - Monthly for all accounts.
Extensions Suspense reconciliation
Debit Order Suspense reconciliation
Maturity Deals Report auctioning
Unearned Income account reconciliation
Earned Income account reconciliation
VAF Book Balance (Segmented & Consolidated) reconciliation
VAF Income Account (Segmented & Consolidated) reconciliation
Ensure reconciliation of the LC Commitment GL is ready by the 3rd working day of a new month
Identify irregular accounts and liaise with respective branches to ensure that remedial action is taken to regularize the exposures or escalate them to respective evaluation Manager or Manager, Credit Risk Management who will escalate them further to higher authority
Ensure that covenants and approval conditions for facilities are recorded, diarised and followed up effectively.
Ensure call-over of loading tickets used in booking previous day transactions is done and ready before 2.00 pm the following day.
Liaise with approved Estate Surveyors and ensure that turnaround time on Property Valuation does not exceed three days.
Any other responsibility assigned by the Team Leader.
Key Performance Measures
Risk Management:
Maintain a high quality-lending book, through the judicious and effective management thereof.
Customer service / performance measurement:
Add value to PBB Banking by delivering a prompt, efficient and professional risk management service.
Key Dimensions of the Job
Daily:
Daily capturing and monitoring of covenants
Ensuring proper actioning of credit reports.
Ensuring the proper monitoring of excesses
Updating the diary system to which facilitates appropriate follow-ups.
Weekly:Ensuring weekly reports are actioned accordingly.
Monthly:
Timely submission of reports/returns to Finance and SAC
Timely submission of Damage control report.
Follow up on outstanding audit issues
Required Skills and Qualifications
Experience:
Minimum of 4 years Banking experience, particularly credit risk management.
Analytical with a tolerance for high volumes and problem absorption whilst detailed oriented.
Required Competencies
Competencies:
Excellent oral & written communication skills. Correspondence to be articulated in a logical and well-structured manner. Must be able to convey facts, ideas and opinions clearly.
Resilience - Ability to stand ground when being challenged.
Integrity - Maintaining a high level of trust.
Good organizational skills to achieve required work flow.
People management skills and great team player.
Proficiency in the use of MS Office Suite especially MS Excel.
Analytical skills with ability to analyze large data.
Attention to detail. Thorough, particular and accurate in nature.
Initiative - Identification of possible outcomes and taking preventative measures.
How to Apply
Interested and qualified candidates should:
Click here to apply online
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