Stanbic IBTC Bank recruits VAF Sales and Credit Support, Workplace Banking Support Manager Port Harcourt, Lagos 12 May 2011

VAF Sales and Credit Support – PH
Division Proposition
Work with Standard Bank and join a dynamic team of professionals proud to be voted the Best Bank in Africa for three years running. Our core values of service and innovation are at the heart of our business, and our global workforce benefits from our unique culture of empowerment and independence, enabling us to maintain competitive advantage in the world’s premier financial markets

Position Description
Job Purpose
Provision of credit origination support services to VAF relationship managers by obtaining necessary documentation and preparing credit motivation for the Banks central BB credit evaluation approval. Evaluation and provision of specialist input on VAF credit motivation from all the branches on specialized asset that requires specialist input in BB space. Provision post approval credit support services on all approved deals in BB space (from approval to disbursement)which involve; preparation of offer letters, lease agreement, e.t.c

The job is middle and back office job which requires sound understanding of Leasing vis a vis lease law in country of operation, credit risk, risk management and good knowledge of other bank’s products that have composite demand with VAF products.

The job is necessary because VAF is a specialized bank product governed by special law and required special skills and experience in its administration.

KRAs
Pre-Approval support
Supports the sales unit of the Vehicle and Asset Finance Unit in growing the unit portfolio by conducting credit evaluation interviews during deal negotiation to obtain sufficient information to evaluate business risk and deal viability from a credit risk perspective.

Ensure that adequate information and documentation are collected by VAF Relationship Managers necessary to put up a credit motivation strong enough to win the approval of the central BB evaluation unit.
Preparing credit applications and providing sound financial and business justification for proposals within acceptable risk parameters relative to profitability.
Evaluating whether proposal meet sound business criteria and counter-party credit risk falls within acceptable parameters and recommends appropriate business credit facilities including terms and conditions of the facilities
Evaluate branch credit motivation on specialized asset and offer specialist advice.
Enlighten the branch Relationship Managers on the process and procedures of VAF from time to time

Post- Approval support
Preparation of offer letters and ensures that all the conditions precedents are captured for all BB approved facilities.
Ensuring clients meet all the condition precedent to draw-down of the facility before issuing Authority to register.
Issuance of Authority to register upon meeting all Conditions precedent.
Getting registration papers from the Vendor and ensure that the papers are in the name of the bank and to also ensure the correctness of the data therein.
Draw-up lease agreement according to the pattern of payment approved by credit evaluation.
Ensure Assets are comprehensively covered before they are release for clients use.
Prepare facility documents with draw-down ticket for disbursement.
Issue Authority to release goods to the vendor through the RM and ensure goods are delivered to the client by confirming from the RM and the return of the signed copy of Authority to release document which has been duly executed by the client.
Preparation of To Whom It May Concern document for the client to afford him exclusive right to the usage of the asset.

Required Skills and Qualifications
Minimum of a 2.2 B.Sc degree in any relevant field from a reputable university
The jobholder must have a minimum 5 years credit and lease related experience.

The jobholder must have a deep and vast experience in Leasing with a bias to the leasing Law and practices in the country of operation.
The jobholder must be conversant and have a good knowledge of other banks products that are often jointly demanded with VAF products.
The jobholder must be conversant with the VAF product parameters.

The jobholder must be computer literate with a moderate knowledge of Excel.
The jobholder must have accounting skills good enough to compute financial ratios, interpret and understand them for decision making.
The jobholder must possess credit risk skill and the ability to mitigate against risk.
The jobholder must possess evaluating skills.
Required Competencies
Attention to details
Methodical
Good numerical ability
People management skills
Self –motivated
Good analytical skill
We are an equal opportunities employer and are totally opposed to discrimination in any form. It is our policy to provide equal employment opportunities for all employees regardless of race, sex, colour, nationality, national or ethnic origin, sexual orientation, marital / partnership status, religion, age or disability.

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B

Manager, Workplace Banking Support
Job ID6775
Location Nigeria – Lagos
Division Personal and Business Banking
Position Category Client & Business Solutions
Employment Type Full Time – Permanent
Shift No
Regulatory Approval Yes

Division Proposition
Work with Standard Bank and join a dynamic team of professionals proud to be voted the Best Bank in Africa for three years running. Our core values of service and innovation are at the heart of our business, and our global workforce benefits from our unique culture of empowerment and independence, enabling us to maintain competitive advantage in the world’s premier financial markets

Position Description
Job Purpose
The job is middle and back office job which requires sound understanding of and good knowledge of the banks products. This person will have to liaise with internal customers within the Banks enabling function department.
Provision of support services to Workplace Banking Dealmakers and Portfolio Managers
Support, coordinate and supervise – Fulfilment Officers

KRAs
Lead team of Fulfillment Officers
Ensure that customers are assisted at their place of work to open accounts, complete applications and collect relevant docs
Regular interphase with IPC, Credit, Distribution network amongst others, to ensure speedy Turnaround time and optimum service delivery to target employees.
Oversee delivery of account welcoming packs, contact numbers, cards, cheques books etc to customers at their desks
Ensure welcome call is made by call centre to all blue and silver clients and explain products, services and contact deals to clients

Required Skills and Qualifications
Minimum of a 2.2 B.Sc degree in any relevant field
5 years experience in a similar role
Minimum of 3 years experience in leading teams
Lead and manage subordinates, providing guidance and coaching where required and ensuring that Fulfilment Officers maintain a courteous attitude towards customers and that behaviour and image is one of professionalism
Required Competencies
Leadership Skills
Ability to communicate clearly
Confident.
Results-orientated, strongly motivated to achieve, adheres to deadlines.
Customer service-orientated.
Team player – approachable, receptive.
Self-motivated and energetic.
We are an equal opportunities employer and are totally opposed to discrimination in any form. It is our policy to provide equal employment opportunities for all employees regardless of race, sex, colour, nationality, national or ethnic origin, sexual orientation, marital / partnership status, religion, age or disability.

Click here to Apply for Job