Specialist: Business Turnaround

Description

• To assist with managing the high-risk clients and mitigate credit risk, through facilitating the analysis and co-ordination of clients that are experiencing financial distress
• The incumbent assists by managing the affairs, operations and properties of the client

Duties

• Service and Consulting:
• Rendering of service to the clients and acting as an advisory body related to clients in the assigned portfolio, which includes conducting client visits
• Provide guidance to Business, Credit Managers and Clients with respect of clients in financial distress and rehabilitation of clients
• Ensure adherence to legislation and regulations
• Management of Portfolio and Aftercare:
• Responsible for effective and efficient management portfolio of high-risk clients in financial distress on an ongoing basis and after care with respect to the Business Turnaround portfolio, which includes:
•     Ensure adherence to all applicable legislations and BON regulations
•     Conducting due diligence analysis of clients falling under this portfolio and assessment of business
•     Efficient ongoing management of high risk portfolio and implementing remedial action within credit sub committees and various stakeholders
•     Establishing a solvent action plan for the client in financial distress, obtain approvals and implement such plan
•     Efficient management of accurate collateral security and mitigating risk by acquiring new security and reducing exposure limits within the allocated portfolio
•     Identifying operational, legal and risk issues – and obtaining the appropriate stakeholders involved to ensure mitigation of same
•     Actively search for private equity to supplement and complement existing loans and facilities to add value and stability to financial distressed clients
• Legal:
• In the event that the financial distress client is unavoidable for legal actions, assessing accounts to ensure that all options are being addressed to limit losses for the bank to the minimum before accounts are transferred to legal collections department with all various stakeholders, through being:
•     Assess accounts transferred to Legal Collections Branch in the allocated portfolio to ensure that all actions are considered to limit potential losses to the bank to the minimum
•     Endeavour to increase the amount of collections to the maximum before transferring to legal collections branch
• Management of Reports:
• Action daily, weekly, monthly, yearly and ad-hoc reports, as identified
• Routine Administration:
• Ensure effective management and control of all routine administrative activities related to legal collection in the branch in compliance with the Bank’s policies, procedures, rules and regulations
• Ensure effective and efficient management and submission of admin related reports to relevant stakeholders
• Compliance, Risk and Support:
• Effective and efficient management and administration of internal processes and procedures in order to ensure compliance with the Bank’s risk framework to minimise risk
• Collaborate with other relevant internal stakeholders such as risk department, internal auditing in managing all risks related stakeholders
• Provide support and guidance to various stakeholders such as branches, clients, etc. on risk matters related to Business Turnaround
• General:
• Must be willing to do any other reasonable and lawful instruction as given to the incumbent by his/her supervisor on time

Requisites

• Experience/Knowledge & Skills:
• Knowledge of the system and processing activities
• Computer literate: (knowledge of MS Word & MS Excel)
• Must be in possession of a valid driver’s licence
• Analytical and technical skills
• Product knowledge
• Knowledge of business turnaround in an international context
• Debt collection experience
• 5 years’ experience in Credit and Market risk environment
• 3 years’ experience in a turnaround and restructuring environment.
• 1-3 years’ experience in a legal environment
• Qualification:
• Bachelor’s degree in Finance/Risk/Legal (B.Com or similar)required
• CA/CFA, Hons, Masters or related degrees will be an advantage
• Relevant restructuring qualification beneficial (CTP etc.)
• Core Competencies:
• Initiative
• Presenting and Communicating Information
• Persuading and Influencing
• Planning and organising skills
• Adhering to Values and Principles
• Delivering Results and Meeting Customer Expectations
• Entrepreneurial and Commercial Thinking
• Creative and Innovative Thinking

Notes

• Only shortlisted applicants will be contacted