Job Description

The Land and Agricultural Development Bank of South Africa (Land Bank) is South Africaxe2x80x99s only specialist agricultural bank established in 1912, the bankxe2x80x99s sole objective is to serve South African commercial and emerging farmers and bring specially designed financial services within their reach. These services enable farmers to finance land, equipment, improve assets and obtain production credit. The Land Bank provides financial services that have moved with the times and continues to provide services to agri-business and constantly reviews its offerings to ensure that they match the needs of an industry. As change has swept across the sector in South Africa the socio-economic makeup of agriculture has altered, bringing new entrants from historically disadvantaged backgrounds on to the land, these new farmers, facing the challenges of establishing sustainable agri-businesses across the agricultural value chain, Land Bank has been a commercial lifeline offering appropriately designed financial products that facilitate personal and commercial viability in a sector that is vital to the sustainability of South Africa and its people.

MAIN PURPOSE OF THE JOB

• The role of the Investment Specialist is to support the Head: Actuarial Short Term & Life with asset-liability management studies, asset-liability matching exercises, liquidity risk measurement, credit risk analytics, and market risk modelling and investment functions, including market risk capital requirement tools and models.
• Part of the function is to build and implement credit risk and market risk models that include system implementation and documentation of the modelling process; monitoring investment returns and asset allocation against benchmarks and other key performance indicators pertaining to asset managers; management fee calculations and checks; performance invoices and implementation of the investment strategy and compilation of investment reports periodically.
• The Investment Specialist will work directly with the appointed investment consultant, liaise with asset managers and deliver on all investment-related matters within LBIC/LBLIC. This position will report to the Chief Actuarial Officer.

Land Bank