Money Market - Sandton, South Africa - International Development Corporation (IDC)

International Development Corporation (IDC)
International Development Corporation (IDC)
Verified Company
Sandton, South Africa

1 week ago

Thabo Mthembu

Posted by:

Thabo Mthembu

beBee Recruiter
Description

JOB DESCRIPTION:


A permanent position exists within the Financial Management Department for a Money Market & Foreign Loans Supervisor at the IDC Head office Sandton, reporting to the Financial Manager.


JOB PURPOSE:


The Money Market & Foreign Loans Supervisor will oversee the organization's money market & loans systems, maintaining accurate records and financial documentation.


KEY PERFORMANCE AREAS:


  • Conduct FX spot and swap and interest rate swap trades to hedge the bank's assets or as part of Intraday Liquidity Management
  • Creation of contracts on SAP following approval by the relevant credit approval committees and specific Fund approval bodies
  • Monthly clearing of GL clearing accounts, as and when required
  • Manually maintaining interest rates on specific accounts
  • Online debit order collections on relevant payment dates
  • Preparation of normal and IRR settlement amounts, on request from business
  • Action writeoffs as approved by the relevant approval bodies and in line with Delegation Matrix
  • Audits expenditures, ensuring loans compliance with the accounting procedures of the organization
  • Monitors expenditures and monthly cashflow statements and administrative reports as well as Funds management accounts as and when required.
  • Monitor and project daily cash positions and execute money market transactions to ensure the funding mix and funding cost are in line with the bank's strategies and liquidity and interest rate risks are within preset risk
  • Manage the money market dealing activities of the bank
  • Administration of the daytoday Funds transactions including the creation of the main loan partner, business partner and alternative payer etc.
  • Administration of the bank IDC's bank accounts, petty cash, loans (foreign and local) and bonds.
  • Maintain the systems and procedures for Banking, money market, Foreign loans and loans at call.
  • Handle pricing in foreign exchange business and achieve profit through funding activities
  • Manage the shortterm resource mobilization of funds through the money markets to meet liquidity objectives and disbursement needs
  • To establish and maintain good working relationships with major institutional investors and financial institutions
  • Actively participate in the development of presentation materials for Boards & Oversight committees
  • Ad hoc on the job training and mentoring of staff
  • Provide regular reports to the finance committee or executives on the status of earning of idles bank resources
  • Advises clients about the risks, consequences, and benefits of alternative lending solutions
Job Requirements


QUALIFICATIONS:

BCom in accounting, finance, or business administration or other related qualifications
MBA or master's degree in financial management is an advantage


KNOWLEDGE AND EXPERIENCE:


  • 8 to 10 years' experience in the finance management function with at least 35 years handling FX and Money Market trading experience
  • SAP system experience preferably in Loans Management Module
  • Proficient with Microsoft Office Suite (Word/Excel/Power Point/MS Project), accounting, and financial software
  • Mortgage loans: registration as a mortgage loan originator with the Nationwide Mortgage Licensing System and Registry ("Registry"), state real estate license Personal Attributes
  • Ability to function well in a highpaced and at times stressful environment
  • Displays ethical behaviour and maintains personal and professional integrity
  • Excellent organizational skills and attention to detail

BEHAVIOURAL COMPETENCIES:


  • Ability to prioritize tasks and to delegate them when appropriate
  • Must exhibit high professional standards and work ethic
  • Excellent verbal and written communication Skills
  • Strong supervisory and leadership skills
  • Coping with Pressures and Setbacks
  • Diverse Stakeholder Management
  • Negotiating and Influencing Skills
  • Good Interpersonal Skills
  • Conflict Resolution Skills

TECHNICAL/FUNCTIONAL COMPETENCIES:


  • Strong analytical and problemsolving skills
  • Money Market Management Skills and Specification
  • Extensive knowledge of accounting concepts and principles
  • Ability to interpret financial data
  • Strategic Thinking
  • Business Mindset
**NB:

Special Requirement:

As our entity (IDC) provides financing and funding, the need to ensure Trust, Honesty and Integrity in all financial and non-financial activities must be above reproach.

More jobs from International Development Corporation (IDC)
See all jobs of International Development Corporation (IDC)