Manager: Funding

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

BCom Degree or equivalent

Registered Persons Exam

4 years experience in Treasury front Office activities including sourcing of funding and investment of surplus funds

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