Job Description

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Compliance to approval conditions:

• Review all approved applications in line with relevant approvals.
• Load all approved applications on the loans system.
• Generate relevant loan implementation checklist for the attention of the loans consultant.
• Generate approval letters reflecting terms and conditions of the loan.

Provision of Legal Support for funding products:

• Drafting (based on approved frameworks by legal services) and actioning of legal agreements and documentation in line with funding approval conditions.
• Conduct legal research on legal aspects of disputes or problem areas and obtaining legal opinion where necessary.
• Drafting of security documents (suretyships, notarial bonds, mortgage bonds, cession agreements, etc.) in line with approval conditions based on frameworks approved by legal services.
• Review and check all signed funding agreements for compliance.
• Prepare all files relating to funding approvals and provide clearance to finance for disbursement of funds.

Collateral Management:

• Initiate the process for registration of securities and liaise with instructed attorney firms and insurance companies for registration where applicable.
• Receive and verify all original securities for safekeeping and validate registration through deeds search.
• Maintenance of records related to active securities.
• Ensure release of securities in all settled matters.

Loan monitoring and reporting:

• Track and monitor all approved active loans for identification of possible default.
• Prepare loan portfolio reports on the performance and standing of the loan book.
• Retrieve monthly reports on all defaulting accounts from the loans system.
• Send bulk digital reminders and letters of outstanding instalment to all defaulting clients.

Management and Perfection of Securities:

• Provide support in formalising loan workouts/restructures and in the collection of outstanding loans through enforcing funding terms and security conditions.
• Assist the Senior Legal Advisor in developing frameworks and techniques to deal with the perfection of securities to ensure recovery of the companies funds.
• Monitor progress on all matters allocated to attorney firms and provide support in the litigation processes.

Stakeholder Management:

• Manage relationships with different stakeholders, such as attorneys, counsel, the companies funding units.
• Liaison and hold meetings with various stakeholders and funders for alignment to industry best practices.

Job Requirements:

• Bachelor's Degree or equivalent in Commerce / Legal.
• Minimum 8 years working experience of which 3 years must be at supervisory or senior consultant level working in funding or legal administration.

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