Borrowing Base Facilities (“BBF”) Operations Consultant

Description

• The BBF consultant is responsible for ensuring a seamless experience for clients with a BBF throughout the lifecycle of the facility. Limited Local travelling required in the role own car is a necessity.

Key Responsibilities

Onboarding & ongoing relationship management

• Implementation of new BBF clients and ongoing facility increases/decreases/restructures.
• Attend client visits with credit team or portfolio managers & business reviewers as required to support stakeholder activity
• Engage clients in person on BBF product, requirements, and differences/benefits to similar products in the market
• Assisting with maintaining debtor and stock categorisation

BBF Limit calculations

• Manual limit calculations and migration of client asset data into systems
• Determine / review calculation of non-standard BBFs.
• Maintaining debtor categorisation
• Ensure continuity of calculation process per client

Monitoring and credit functions

• Capturing and maintaining monitoring dashboards
• Reconciliation of debtors movement and investigating recon breaks
• Maintain and monitor BBF trends and triggers, including covenant measurements and investigating deteriorations or breaches
• Having an inquiring mind to identify and unpack trends and triggers revealed in dashboards
• Engage with all relevant stakeholders on any issues or opportunities as they are identified through monitoring activities e.g. Sales, Credit and Recoveries teams
• Presenting in credit forums
• Assist in recovery of distressed clients

Product Operations

• Vetting client accounts to measure percentage debtor receipts paid into BBF.
• Record-keeping of client information and calculation traceability
• Ensure that all aspects related to clients are managed accurately and timeously e.g. fees being raised.
• Assisting clients and stakeholders with operational queries

Ad-hoc

• Design / maintain processes and checklists
• Design / maintain training material
• Involvement in ongoing projects as a tester
• Process improvement and deployment
• Training stakeholders and clients on product mechanics

Qualifications, Experience and Skills

• BCom Finance or Accounting focused or similar with minimum 3 years working experience, ideally in an operational/technical role for a lending function in a large bank or financier.
• Understanding of working capital structures and products
• Understanding of varied types of debt and associated repayment profiles
• Strong analytical skills – incl. familiarity of Microsoft Office suite esp. Excel at an advanced level e.g. lookups, pivot tables, advanced formulae etc.
• Ability to work under pressure and prioritise multiple tasks
• Team Player/Strong people skills interacting with colleagues and clients
• Very accurate, sense of urgency and strong attention to detail
• Strong banking fundamentals knowledge incl. interpretation of legal agreements and application thereof
• Strong ability to learn concepts, apply, and adapt appropriately
• Apply learnings continuously in a cradle-to-grave model

Advantageous

• Exposure to lending related deal / transaction management
• Exposure to financial and operational covenants, collateral management and credit
• Exposure to debtor management and/or credit insurance