Job Purpose
This position is for the Property Finance: Project Management and Valuations business unit.
To provide advisory services to stakeholders in Property Finance and Property Partners. To undertake valuations of various types of fixed assets for lending purposes within the corporate and investment banking environment by ensuring that the accuracy, validity, quality, and reliability of such valuations are in line with Bank’s lending strategy and credit risk assessment process.
Job Responsibilities
- Compile quality valuations of relevant commercial properties for lending purposes including assessment of property risk and ensuring compliance with all procedures by conducting physical property inspections, research and analysis of market data and appropriate application of valuation methodologies.
- Liaise with property brokers, related professionals and clients through building and maintaining strong client and stakeholder relationships to drive our client centric approach and maintain our Property Finance brand in the market.
- Prepare relevant schedules and maintain and update internal databases to provide required reporting, data analysis and insights that will enable the appropriate planning and execution of mandatory reviews.
- Provide accurate and reliable business intelligence, technical opinions, and advisory services, through sharing expert knowledge and industry trends, in order to provide guidance and aid decision-making for various forums and committees.
- Mitigate risk through the application of technical skill by formulating and managing special conditions, signoffs, consents, and any other requests from the business.
- Apply expert knowledge of property legislation, including environmental law and regulations in the valuation and project co-ordination processes in order to appropriately manage risk and further entrench Nedbank’s reputation and position as the industry’s market leader.
- Review and sign-off external Listed Fund and internal valuation reports in accordance with the mandate structure as per the valuation policy through the application of quality control measures.
- Ensure the quality of the lending book is maintained by undertaking the timeous review of valuations within the defined scope of the valuations and credit policies.
- Maintain the integrity of the valuations process by ensuring that all audit and risk requirements are understood, managed, and met, and provide detailed feedback to both internal and external auditors as required.
- Participate in and support NCIB initiatives for the achievement of our national contributor and business strategies (e.g., Green, Sustainability, Climate Change and Africa focus).
- Contribute to the achievement of the business strategy, objectives, and values by ensuring cohesive, aligned, and delivered systems, processes, services, and solutions across teams, through supporting and enabling the digital, data and tech journey.
- Support NCIB’s talent management strategies through active mentoring & coaching within the Property Finance team and seeking relevant opportunities to transfer knowledge and grow internal bench-strength.
- Support NCIB’s DEI journey by embracing diversity and creating a psychologically safe environment where employees’ contributions, ideas and perspectives are valued and respected, thereby delivering impactful outcomes for our people, clients, stakeholders, and communities.
Essential Qualifications - NQF Level
- Matric / Grade 12 / National Senior Certificate
Preferred Qualification
Bachelor of Science Degree in Real Estate/ Property Studies/ Property Development or equivalent
Essential Certifications
- Professional Associate or Professional Valuer registered with the South African Council for Property Valuers Profession (SACPVP), Membership to the South African Institute of Valuers (SAIV ), Member of the Royal Institute of Chartered Surveyors (RICS)
Minimum Experience Level
- 5 to 6 years banking experience, 10 years relevant valuation experience. Experience in commercial Property Finance
- Good understanding of the commercial property market, feasibility analysis and property risk
- Understand property income and expense budgets
- Experience in Specialised Asset Valuations (Hotels & Resorts; Student Accommodation; Filling Stations)
- Conversant with Discounted Cash Flow (DCF) analysis for property valuations
- Have knowledge of the current parameters of the variables affecting DCF analysis including discount rates and cap rates for each property sector
- Excellent verbal and written communication skills
- Advisory
Technical / Professional Knowledge
- Valuation Techniques & models
- Knowledge of commercial property market & property finance
- Knowledge of risk assessment
- Strong analytical & interpretation skills
Behavioural Competencies
- Building Customer Loyalty
- Building Networks
- Influencing
- Decision Making
- Coaching
- Managing Work
- Monitoring Information
Employment Equity Statement
**Preference will be given to individuals from under-represented groups
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Please contact the Nedbank Recruiting Team at +27 860 555 566
