Stanbic IBTC Recruiting [May 2015] - Jobs in Nigeria

Stanbic IBTC Recruiting [May 2015]

Posted on :

11 May, 2015

Category :

Accounting Jobs in Nigeria

Stanbic IBTC Holdings PLC is a full service financial services group with a clear focus on three main business pillars – Corporate and Investment Banking, Personal and Business Banking and Wealth Management.

Stanbic IBTC Bank legally became part of Standard Bank Group 24th August 2007. The Standard Bank Group merged its Nigerian operations, Stanbic Bank Nigeria with that of IBTC Chartered Bank PLC. Stanbic IBTC Bank is a major financial service provider engaged in personal banking, business banking, credit cards, corporate banking, non-interest banking and wealth and investment banking in Nigeria.

JOB TITLE: ACCOUNT MANAGEMENT OFFICER

POSITION DESCRIPTION
•  To carry out credit procedures, maintain a tight control over all aspects of advance administration, with the primaryobjective to contain credit risk within acceptable parameters.

KEY RESPONSIBILITIES
•  Ensure that accounts identified as problematic are placed on the watch list and re-risk graded to reflect their current irregular status.
•  Ensure that covenants and approval conditions for facilities are recorded, diarised and followed up effectively.
•  Ensure call-over of loading tickets used in booking previous day transactions is done and ready before 2.00 pm the following day.
•  Liaise with approved Estate Surveyors and ensure that turnaround time on Property Valuation does not exceed three days.
•  Ensure reconciliation of the Valuation SRA account is ready by the third working day of a new month
•  Manage and ensure the proper monitoring and reconciliation of the following GLs:
o  VAF receivables account 990908NGN3002000 /839705921 reconciliation
o  Initial deposit account, PB, BB & CIB fee accounts, Early Rebate Penalty and Late Charges account reconciliation
Insurance Suspense Account reconciliation
o  Documents Awaiting Suspense reconciliation
o  Extensions Suspense reconciliation
o  Debit Order Suspense reconciliation
o  Maturity Deals Report auctioning
o  Unearned Income account reconciliation
o  Earned Income account reconciliation
o  VAF Book Balance (Segmented & Consolidated) reconciliation
o  VAF Income Account (Segmented & Consolidated) reconciliation
•  Ensure reconciliation of the LC Commitment GL  is ready by the 3rd working day of a new month
•  Identify irregular accounts and liaise with respective branches to ensure that remedial action is taken to regularize theexposures or escalate them to respective evaluation Manager or Manager, Credit Risk Management who will escalate them further to higher authority
•  Maintain a diary system to ensure timely follow up and ensure that corrective action is taken and the account rectified as indicated.
•  Ensure that irregular accounts are downgraded as per policy and facilitate hand over to R & R post 30 days in arrears.
•  Communicate with branches to ensure regularization of accounts.
•  Ensure that accounts identified as problematic are placed on the watch list.
• Monthly reporting of accounts to be placed on Watch-list to Team Leader, Credit Risk Management.
•  Updating Covenant tracker – Monthly for all accounts.
•  Any other responsibility assigned by the Team Leader.

Key performance measures
Risk Management
•  Maintain a high quality-lending book, through the judicious and effective management thereof.
Customer service / performance measurement
Add value to PBB Banking by delivering a prompt, efficient and professional risk management service.

Key performance measures
Risk Management
• Maintain a high quality-lending book, through the judicious and effective management thereof.
Customer service / performance measurement
Add value to PBB Banking by delivering a prompt, efficient and professional risk management service.

Key Dimensions of the job

Daily
•  Daily capturing and monitoring of covenants
•  Ensuring proper actioning of credit reports.
•  Ensuring the proper monitoring of excesses
•  Updating the diary system to which facilitates appropriate follow-ups.

Weekly
•  Ensuring weekly reports are actioned accordingly.

Monthly
•  Timely submission of reports/returns to Finance and SAC
•  Timely submission of Damage control report.
•  Follow up on outstanding audit issues

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