Collateral Officer

Job Description

To receive, release, manage and report on imperfect or outstanding collateral

Assume accountability for the efficient and timeous capturing of data in the securities and Credit Support department
Assume accountability for the efficient and timeous fulfilment of the Bonds and/or Insurance process duties in the Securities and Credit Support
Liaise and maintain good relations with Attorneys and/or relevant Insurance companies, insisting upon the laid down standards and resolving any misunderstanding immediately
Resolve bond and Insurance process related queries quickly and efficiently
Ensure that the progress of all bonds/or insurance processes are properly diarised, follow-ups are attended to and that all parties are adequately informed
Adhere to the laid down Bond and insurance processes, maintaining efficient electronic tracking and monitoring processes and providing regular feedback to Supervisor
Source all the information necessary to finalise the preparation of each document
Provide consultative support to the Credit and Relationship function
Keeping clear and unambiguous records of all credit documents held by the bank, including identification and unambiguous recording of unacceptable documents
Assist with the development and formalisation of the team’s document preparation, checking and record-keeping processes
Provide training to other members of the team when necessary
Assist other team members with their functions when necessary
Assume accountability for the accurate record-keeping and filling of documents
Attend to the logging in and out of documents
Maintain customer files in appropriate order
Ensure that vault duties are adhered to
Assist Business Units/Banking with bank drafts (ordering and allocation
Assume accountability in sanctioning credit applications on CWS of any amount, confirming   accuracy and authenticity of security documents
Maintain quality assurance of the documents held by the Business Unit
Maintain control over the flow of original documents, adhering to laid down processes
Adhere to the laid down capturing processes and data entry standards, maintaining and monitoring processes and providing regular feedback to supervisor
Job Details

Application Closing Date

19/09/24

All appointments will be made in line with FirstRand Group’s Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.