Job Advert Summary
Land Bank) is South Africa’s only specialist agricultural bank established in 1912, the bank’s 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 support the funding activities of the bank, optimise returns on surplus cash and manage overdrafts and overnight loans
Key Performance Areas
1. Customer & Stakeholder Relationships
- Stakeholder Management: National Treasury (NT)
- Compile Quarterly Debt Maturity Profile to NT and other funding inputs.
- Stakeholder Management: Domestic Funders & Multi-lateral funders
- Front line in terms of deal initiation, due diligence, rolling of maturing debt, investor communication and investor condition precedence to source liquidity for the bank;
- Attend networking sessions to maintain investor relations; and
- Liaise with funders, JSE sponsors, arrangers and lawyers to put in place all legal documents, agreements and certificates to conclude private and listed bond or note placements.
- Board / committee contribution
- Attend and present at Liquidity committee meetings and other relevant committees;
- Compile reports for Assets and Liability Committee (ALCO) and other relevant committees
2. Funding and Liquidity Management
- Sourcing of Funds
- Develop funding strategies
- Compiling funding proposals
- Negotiations of terms of the financial agreements Cost of Funding (COF)
- Issuing, negotiating and trading capital and money market instruments to investors at prices quoted; and
- Negotiate call bond or related rates daily or as on request of funders. Liquidity Management
- Communicate with funders and business in advance to determine potential roll-over of maturing debt and business requirements;
- Based on expected roll-over rate of maturing debt and loan book movement, raise funding to meet financial commitments on time;
- Pre-Fund expected outflows and build up an adequate liquidity buffer as informed by the Liquidity Coverage Ratio; and
- Invest surplus cash taking into consideration - perseverance of capital, maintenance of sufficient liquidity and maximise return. ( Funding
- Subject to investor appetite and market developments, adjust the type of funding instrument, maturity buckets and develop new funding instruments where applicable; and
- In line with the strategy to lengthen the best maturity profile endeavour to raise funding according to the approved maturity distribution profile. Repo Transactions
3. Market volatility
- Contribute meaningful when Treasury related legal documents and certificates are drawn up by Legal advisors and Attorneys; and promote the bank during interaction with financial market participants.
- Reviews and researches the market to anticipate and advise on trends and instances of increased market volatility
- Update all stakeholders on changing market conditions and predictions of future volatilities
- Reports on trends on market changes
Preferred Minimum Education and Experience
- BCom Degree or equivalent
- Registered Persons Exam
- 4 years experience in Treasury front Office activities including sourcing of funding and investment of surplus funds
Critical Competencies
- Advanced Microsoft Office
- Treasury/ Financial reporting software
- Funding and term negotiation expertise
- Knowledge of the money and capital markets
Additional Requirements
- Extended hours as and when required.
- Travel as and when required
- Cope in a stressful Environment
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