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

To provide agricultural advisory and support service to both Emerging and Commercial Farmers in order to safe guard the bankxe2x80x99s assets through the following:

• Conduct on Farm Agronomical and Financial Assessments for High Risk and Delinquent Clients and make recommendations to remediate as well as rate the farm/business according to the approved bankxe2x80x99s risk rating models
• Schedules inspections of the banks security and re-evaluations
• Where relevant, refer farmers to service providers with technical expertise / advise Farmers and make recommendations to improve the overall Farm status and mitigate potential risks
• Effectively manage the collateral in terms of the loan agreement and Collateral Management System (CMS) policy thereby identifying collateral shortfalls in order to minimise risk and prevent financial losses.
• Proactively prevent ex-ante moral hazard by conducting farm visits on new loans and ascertain whether farm funding was utilised as intended in line with the loan agreement.
• Provide input into the agricultural evaluation norms / best practice across all industries in which Land Bank operates and which are applied in the credit assessment applications.

Land Bank