Website Al Baraka Bank South Africa
Al Baraka Bank, registered in South Africa since 1989, pioneered Islamic banking in this country in response to an identified need for a system of banking which adhered to Islamic economic principles. The bank, with its Head Office in Durban and a strategically located national branch network, is So… read moreuth Africa’s only fully-fledged Islamic bank and is a subsidiary of the international Al Baraka Banking Group B.S.C., which has established one of the largest international Islamic banking groups in the world.
Management of Post Approval Functions
Allocation and monitoring of tasks allocated to Sales Admin Assistants iro all Post Approval functions
Management and Review of TASL (Technical Advance Support Log) to ensure accuracy and efficiency
Allocation of drawdown TASL to Sales Admin Staff and ensure timeous payouts on transactions within approved facilities
Signs off payment pack for equity deals / Asset transactions / Release Notes / Podiums / Valuator Payment Packs
Ensure finalization of Non-Finalized Deal’s
Ensure timeous recovery of Admin / Valuation Fees
Enhanced Due Diligence – Ensure EDD is submitted timeously for Approval
Monitor and sign off Musharaka Checklist for Annexure A’s
Sign off Cross Border Letter
Monitor of Department email address and allocate/respond to relevant queries timeously
Oversee the Dispatch of Legal files on a weekly basis
Customer Relations & Back Office Functions
Assists the Corporate / Relationship managers with back- office administrative and operational management of the corporate clients
Attend to administrative queries for corporate clients
Liaises with Corporate clients in respect of administrative / operational queries and other related information requirements.
Monitoring and response to Trade Queries on Trade Group
Iro Mark-up’s; Review Dates; etc. and Facilitation of extensions/excesses processed by the Credit Analyst/Sales Analyst Team
Reporting
Update and Review Pipeline info with regards to accuracy
Update and Review Tech Log info with regards to accuracy
Update of Monthly reports ie Overdue Fees; NFD; Other Conditions and adhoc reports from various Departments.
Assisting the Credit Department in respective of administrative requirements related to Arrears.
BackOffice Support
Assists the Credit Analyst and Corporate Operations Supervisor in general administrative tasks daily
Assisting on an ad-hoc basis on any department/ Bank projects
Supervision of Staff
Assists with the delegation of duties to the sales administrative team and to ensure timeous completion of tasks
Guides, advises and trains/coach sales administrative team in their daily tasks and ensures that they have necessary skills to perform their roles efficiently
Assists the Corporate Manager with the completion of Performance reviews for the sales administrative team.
Post Approval Functions
· Review of Decision Pack and actioning of Credit Committee Decisions
· Requesting via the TASL (Technical Advance Support Log) of the relevant Facility
Letters and Legal Documentation
Finalisation of all necessary requirements prior to payout
Musharaka Deals:
Request musharaka agreements
Bond instruction: Prepare bond instruction template and upload to TASL
Complete Letter of Authority for equity deals
Prepare payment pack for equity deals and forward on to Supervisor for sign off
MV Drawdowns:
Liaise with client / dealers wrt financing requirements
Prepare / Extract Podiums and issue to dealers
Request MV agreements
Prepare payment pack and forward on to Supervisor for sign off
Equipment Drawdowns:
Liaise with client / suppliers wrt financing requirements
Provide suppliers with invoicing requirements
Request Equipment agreements (Normal and Non-Finalised Deals)
Prepare payment pack and forward on to Supervisor for sign off
Valuations
Request Valuations on SharePoint
Create Valuator payment packs
Fees
Ensure valuation fee invoices are sent off and fees recovered from client
Ensure Admin fee invoices are verified and requested from TASL and thereafter sent to client for recovery
Prepare Fee journals, as and when required
Settlements
Ensure Settlement maturities have been logged
Ensure Proof of Payment submitted to Bank Statement Allocations for correct allocation
Logbook Requests
Ensure Log for release of logbooks is done timeously via the Post Advances Log
Ensure proxy packs and duplicate logbook requests are completed when necessary
FICA
Request additional Financial Intelligence Centre Act (FICA) info from clients
Review and compile necessary FICA related documents
Upload FICA onto to TASL and request FICA approval
Attend to refer-backs/queries timeously
Attend to Ongoing Due Diligence, as and when necessary
Enhanced Due Diligence
Ensure EDD is submitted timeously for Approval
General
Attend to TASL / Credit Administration Hub / CNV / COB and Legal queries
Liaise with Legal wrt Trust Deed Reviews
Monitor and attend to Queries from Trade Group
Annexure A’s
Prepare Pack and checklist and upload to SharePoint
Communication to clients
Preparation of Cross Border Letters
Shariah and Legal Queries
Attend to necessary Logs, as and when required
Email Monitoring
Monitor of Department email address and respond to relevant queries timeously
QUALIFICATIONS
Relevant Accounting / Finance degree / Experience
PREFERRED EXPERIENCE
At least 2 years’ experience in Credit / Sales environment either as Credit Manager/Credit Analyst
Apply via company website ( N / A ) or
albaraka.mcidirecthire.com
To apply for this job please visit albaraka.mcidirecthire.com.