Valuation Specialist (Collateral Management And Valuations)

Fempower; Gauteng; On-site; ZAR 450 000 - 600 000; Full time

Job summary

A reputable agricultural service provider in South Africa is seeking an experienced professional to provide agriculture, economics, and valuation services. This role involves conducting on-site collateral assessments, managing risks associated with financial agreements, and offering expert advice to stakeholders. The ideal candidate will have a relevant qualification in agriculture and extensive experience in valuations within the agricultural sector, accompanied by strong analytical skills. Competitive compensation is offered for this critical role.

Qualifications

• 5 years' experience as a Valuator in the Agricultural sector.
• 5 years' experience in Agricultural businesses or similar organizations.
• Knowledge of Professional Valuations and Agricultural Industry.

Responsibilities

• Conduct assessments and valuations of agricultural collateral.
• Provide ongoing technical advice on valuations.
• Manage collateral in terms of loan agreements.

Skills

Microsoft Office

Financial and Business Acumen

Risk Management Principles

Property Valuation Principles

Education

Relevant 3-year qualification in Agriculture

Job description

MAIN PURPOSE OF THE JOB

To provide a professional agriculture, economics and valuation service to support the various Provinces in effectively managing collateral by conducting on-site visits to assess the condition and value of collateral for the Region highlighting any operational factors that may impact the conditional and future value of collateral.

To conduct on-farm or on-site agronomical assessments and inspections of the bank security and re-valuations, effectively manage the collateral in terms of the loan agreement and Collateral Management System (CMS) process thereby identifying collateral shortfalls to minimise risk and prevent financial losses, make recommendations to improve the overall Farm status and mitigate potential risks.

To provide ongoing technical advice to the provincial team on valuations.

Key Performance Areas

Specialist assessment and valuations of Collateral

Provide specialist support to Collateral Unit and the Bank

Conduct detailed assessment and valuations of agricultural land, industrial land, urban land, farms, plantations, livestock, crops, equipment and other loose assets held by the bank as collateral.

Complete and submit detailed reports as part of a comprehensive valuations, including : Viability / Feasibility

Comparable sales

Risks & mitigations

Recommendations

Provincial Agricultural Knowledge Database and Knowledge Sharing

Collect, process, and package information within the allocated area of responsibility, including amongst others, the determination of the following : Market value of fixed property

Produce prices

Market trends

Economic patterns

Potential of land

Market value of loose assets

Market value of crops

Market value of other specialized assets

Keep the database up to date as appropriate and share at a divisional level

Contribute information to the national agricultural specialists' database

Customer and Stakeholder Relationship Management

Build, foster and maintain consistent, effective and strong relationships with key role players (internal and external) and strengthen relationships with the potential to secure additional business opportunities from external for the bank.

Participate in agriculture events in the province and contribute to research and insights as a subject matter specialist respected by peers in the industry.

Represent the Bank in appropriate forums and events as appropriate.

Stay up to date with provincial initiatives and developments and further strengthen the relationship to assess further business opportunities to promote long-term mutually beneficial relationships.

Risk Management

Provide input into Collateral related Policies and SOP

Ensure that Collateral is managed in line with the Collateral Management Policies and SOP.

Implement Effective Risk Management by conducting inspections following the relevant Bank's policy and procedures and ensure that the bank's collateral has the most up-to-date collateral valuations as per the banks' requirements per asset class.

Conduct Collateral Management Risk Inspections : Conduct the farm visits following the processes and procedures.

Conduct routine inspections of existing clients and / or securities and ad hoc inspections.

Identify and report potential risk to clients operations including to the condition of underlying collateral.

Monitor progress of projects financed by Land Bank and ensure adherence to agreed loan terms and conditions as required.

Identification of assets under a Special Notarial Bond for collateral security purposes.

Conduct Agronomical Assessments and prepare valuation reports.

Prepare professional valuation reports in line with internal / external standards, regulatory requirements, and industry best practice.

Perform farm visits to ascertain whether the farm funding was utilised as intended:

Ensure that the funds have been used for their stated purpose.

Monitor and evaluate the progress of the client for any early warning signs of distress.

Advise with subject matter experts and link clients with relevant stakeholders to provide technical advice to clients where necessary.

Conduct in-depth farm Agronomical Valuation : Determine accurate farm values.

Provide a detailed assessment report including insights, farm status and possible interventions (to rehabilitate).

Preferred Minimum Education and Experience

A relevant 3-year qualification in Agriculture or relevant equivalent.

5 years' experience as a Valuator in the Agricultural sector

5 years' experience in Agricultural businesses, a Co-op, or similar organisations.

Critical Competencies

Microsoft Office

Knowledge / Experience of financial and business analytical principles, tools and systems.

Property Valuation Principles.

Loose asset Valuation Principles.

Risk Management Principles.

Lending / Credit Assessment Principles.

Financial and Business Acumen.

Additional Requirements

Knowledge / Experience of Professional Valuations.

Knowledge / Experience of Agricultural Industry and commodities.

Knowledge of PFMA.

Knowledge of the National Credit Act, Company Law, Contract Law.