Ithala Bank Vacancies

To apply, click on the link at the end of the posts and all the best with your applications.

1. DEBT COLLECTIONS CONTROLLER/MANAGER
2. SENIOR VALUER – FIXED ASSETS
3. SENIOR INTERNAL AUDITOR: D2
4. SENIOR INTERNAL AUDITOR: ICT – D2
5. INTERNAL AUDITOR – ICT: C4

DEBT COLLECTIONS CONTROLLER/MANAGER

SALARY PER MONTH R105 759.00 (TCTC)
GROUP FINANCE
ITHALA TRADE CENTRE
REFERENCE NUMBER: LJ23161

Reporting to the Divisional Manager: Debtors Management and Treasury, the Debt Collections Controller/
Manager will lead and control the Debt Management Team, ensuring operational efficiency and service
excellence by implementing effective debt management policies and procedures designed to reduce
outstanding debt.

The successful candidate’s responsibilities will be to:

• Identify and implement best practice in debt collection timeframes and limit arrears.
• Implement arrears status classification tracker and ensure appropriate action is taken.
• Review trends and develop mitigation strategies to address problem loans.
• Recommend and justify investment write offs.
• Develop debt management policies and procedures.
• Establish process standards in line with objectives e.g. turnaround times, service standards.
• Monitor and direct actions of the team ensuring policies and procedures are followed and service provided
  efficiently and effectively.
• Continuously improve processes to ensure appropriate interventions are implemented timeously.
• Ensure clients concerns are resolved efficiently.
• Ensure all procedures and processes comply with required legislation and/or corporate policies.
• Coordination with legal collection to ensure that repossessions are effectively managed.
• Manage the performance of subordinates and implement development and corrective actions where
  appropriate.

The following minimum requirements should be met to be considered:
Qualification:

• Bachelor’s degree in in Finance/Accounting or equivalent of NQF level 7 Commercial Qualification.
  Experience:
• 3 – 5 years’ experience in Credit/ Debt Management.
• 3 years’ experience in managing a team.

Requisite Functional Competencies

• Advanced knowledge of the credit environment and laws
• Basic knowledge of relevant legislation e.g., Banks Act, FAIS, FICA, NCA and PFMA
• Knowledge and experience in MS Office
• Conflict management
• Negotiation skills
• Customer relationship management
• Strong quantitative background.
• Willingness to travel frequently.
• Valid code 8 drivers’ licence with own reliable vehicle.

All Short-listed applicants will be subjected to assessments, references, and credit checks.
ITHALA EMBRACES THE PRINCIPLES OF THE EMPLOYMENT EQUITY ACT
PREFERENCE WILL BE GIVEN TO PEOPLE WITH DISABILITIES, AFRICAN FEMALE, INDIAN FEMALE OR
WHITE FEMALE
CLOSING DATE: 06 June 2024

INTERESTED APPLICANTS MUST FORWARD A DETAILED CV; CERTIFIED COPIES OF QUALIFICATIONS AND ID DOCUMENT BY E-MAIL TO HR_recruitment4@ithala.co.za. KINDLY ALSO INCLUDE A MOTIVATION OF HOW YOU MEET EACH OF THE ENTRY REQUIREMENTS LISTED ABOVE AND QUOTE THE REFERENCE NUMBER FOR THE POSITION.

SENIOR VALUER – FIXED ASSETS

SALARY PER MONTH: R69 937.00 TCTC
GROUP RISK, COMPLIANCE AND LEGAL
ITHALA TRADE CENTRE
REFERENCE NUMBER: LJ23174

Reporting to the Manager: Credit Operations, the incumbent is responsible to coordinate that fixed assets
taken/ considered as security by Ithala are properly valued and that the Ithala loan book is adequately
secured.

The successful candidate’s responsibilities will be to:

• Independently determine appropriate asset values for commercial, industrial, retail, agricultural and
  residential properties
• Advise and evaluate properties that Ithala departments/ Units want to dispose.
• Determine market and forced sale value of assets.
• Evaluate the condition and value of assets.
• Provide project management support/ advise for construction development loans funded by Business Finance
• Oversee and review the reports produced by the Valuer: Moveable Assets and sign off.
• Authorise progress payments projects funded by Business Finance.
• Review and ensure the accuracy, validity and reliability of external valuations done by others.
• Objectively scrutinise valuations performed by the External Valuer to provide input in approval processes.
• Assist in assessing value and best mode of sale for all assets sold through legal action.
• Provide expect advice on disposal by private sale formal informal tender or auction sales.
• Comply with governance in terms of legislation and audit requirements.
• Monitor and manage all aspects relating to security revaluations of existing assets.
• Ascertain best practice valuation methods and facilitate standardised reporting methods.
• Professional detailed valuation reports on all assets to be financed.
• Conduct industry related research and development on an ongoing basis, to identify latest market trends within the property industry, that directly impact the valuation business, by conducting market analysis/ research and development, thus ensuring the Business Unit remains competitively positioned within the industry.
• Assist the properties department annually in conducting a valuation of IDFC Properties in excess of R4 billion.
• Conduct a review of IDFC valuation methodology annually and propose changes to methodology document.
• Review and update valuation policies based on risk and market trends.
• Provide input in terms of collateral trends for the IFRS 9 impairment model.

The following minimum requirements should be met in order to be considered:
Qualifications:

• Bachelor’s qualification in Property studies/ Real Estate or relevant.
• Registered with the SACPVP as a professional Valuer/ Professional Associated Valuer
• Member of South African Institute of Valuers

Experience:

• Minimum of 8 years of experience in Property valuation for different types of properties

Requisite Functional Competencies

• Computer Literacy (MS Office) proficient in all MS Office Suite applications.
• Knowledge of all legislation pertaining to IDFC
• Sound knowledge of all valuation methods
• Knowledge of the principles of Property Law & Law in Valuation
• Knowledge of specialized valuations
• Knowledge of the bills of quantities
• Understanding of the legislation regarding built environment
• Understanding the generally accepted accounting principles

All short-listed applicants will be subjected to assessments, references and credit checks.
ITHALA EMBRACES THE PRINCIPLES OF THE EMPLOYMENT EQUITY ACT
PREFERENCE WILL BE GIVEN TO PEOPLE WITH DISABILITIES, INDIAN MALE, WHITE FEMALE OR WHITE MALE
CLOSING DATE: 06 June 2024

INTERESTED APPLICANTS MUST FORWARD A DETAILED CV; CERTIFIED COPIES OF QUALIFICATIONS AND ID DOCUMENT BY E-MAIL TO
HR_recruitment5@ithala.co.za. KINDLY ALSO INCLUDE A MOTIVATION OF HOW YOU MEET EACH OF THE ENTRY REQUIREMENTS LISTED ABOVE AND QUOTE THE REFERENCE NUMBER FOR THE POSITION.

SENIOR INTERNAL AUDITOR: D2

SALARY PER MONTH: R81 880.00 TCTC
GROUP INTERNAL AUDIT
ITHALA TRADE CENTRE
REFERENCE NUMBER: LJ23172

Reporting to the Manager: Financial/Special Projects, the Senior Internal Auditor will implement audit
processes to ensure that an organisation’s risk management, governance and internal control processes are operating effectively.

The Senior Internal Auditor will:

• Conduct detailed audit planning in line with methodology.
• Review working papers of the Interns/Internal Auditors to ensure that it is in the prescribed format, it is adequately referenced and includes re-performance standards.
• Check and ensure quality audits.
• Prepare a draft report in the prescribed format and reporting standards with management comments for assigned projects.
• Compile monthly reports and submit within agreed timelines.
• Complete and sign file review checklist within 10 days after completion of assigned project.
• Improve on time delivery of projects by managing allocated time for each project.
• Ensure continuous professional development and training.
• Provide value add and advisory services to business units.
• Monitor and follow up on internal and external audit findings on the log issues once a month including AG findings.
• Manage employee performance and ensure adherence to all Human Capital Management processes.

The following minimum requirements should be met to be considered:
Qualifications:

• Bachelor’s degree in Accounting/Finance or related field
• Studying towards a CIA/CMA/CPA or CISA
• Certification in CIA/CMA/CPA or CISA is advantageous.
• IIA membership

Experience:

• A minimum of 4 years’ experience in auditing in one or more of the following fields:
  o Financial/Operational Auditing
  o External Auditing
  o Information Systems Auditing

Requisite Functional Competencies:

• Computer literacy in Ms Office package
• A valid code 8 Driver’s Licence
• Continuous familiarisation with industry
• Demonstrate competence in auditing allocated portfolio.
• Knowledge of the principles, practices, and techniques of accounting and auditing
• Knowledge in the Banking Sector Auditing
• Knowledge of the techniques, tests, and sampling methods involved in conducting audits and the
  requirements set forth in the Standards for the Professional Practice of Internal Auditing
• Knowledge of computer-oriented accounting and auditing record-keeping systems
• Understanding of PFMA, Corporate Governance and other control codes
• Knowledge of interrelation planning in systems, people and structures
• Skill in the use of available technology in conducting audit activities.
• Understanding of project management principles

All Short-listed applicants will be subjected to assessments, references, and credit checks.

ITHALA EMBRACES THE PRINCIPLES OF THE EMPLOYMENT EQUITY ACT
PREFERENCE WILL BE GIVEN TO PEOPLE WITH DISABILITIES, AFRICAN FEMALE, WHITE FEMALE OR
INDIAN MALE

CLOSING DATE: 06 June 2024

INTERESTED APPLICANTS MUST FORWARD A DETAILED CV; CERTIFIED COPIES OF QUALIFICATIONS AND ID DOCUMENT BY E-MAIL TO
HR_recruitment9@ithala.co.za. KINDLY ALSO INCLUDE A MOTIVATION OF HOW YOU MEET EACH OF THE ENTRY REQUIREMENTS
LISTED ABOVE AND QUOTE THE REFERENCE NUMBER FOR THE POSITION.

SENIOR INTERNAL AUDITOR: ICT – D2

SALARY PER MONTH: R 81 880 TCTC
GROUP INTERNAL AUDIT
ITHALA TRADE CENTRE
REFERENCE NUMBER: L23140

Reporting to the Manager: IT Operations & Compliance, the Senior Internal Auditor will provide support in implementing the ICT Audit projects assigned.

The Senior Internal Auditor will:

• Conduct detailed audit planning in line with methodology.
• Perform different types of ICT audits.
• Review working papers to ensure they are in the prescribed format.
• Discuss record of audit findings and obtain agreement with Line Managers.
• Check and ensure quality audits in line with methodology.
• Prepare draft reports in the prescribed format and reporting standards.
• Complete and sign file review checklist for assigned projects.
• Submit all timesheets to Audit Manager timeously.
• Improve customer perception.
• Improve delivery time of projects.
• Manage subordinates as assigned per each audit projects.
• Provide value add and advisory services to business units.
• Monitor and follow up on internal and external audit findings.
• Report unresolved issues to Executives regularly

The following minimum requirements should be met in order to be considered:

Qualifications:

• Matric/grade 12
• A bachelor’s degree in computer science or an equivalent, relevant degree at an NQF 7 level
• CISA certification
• A valid membership with ISACA

Experience:

• Minimum of 5 years’ experience in the auditing field, of which 3 years must have been managing information systems audits.
• Experience in auditing application control reviews, information security, DRP, BCP and, general computer controls.
• Practical experience in IT Auditing.

Requisite Functional Competencies:

• Knowledge of ICT auditing related standards
• Best practice models, for example COBIT, IEC, etc.
• Appreciation of ICT related plans and regulations
• Practical knowledge in performance of CAATS, data management techniques, performance of IT systems vulnerability assessments.
• Practical understanding of COBIT, COSO, SABS 17799 standards and application of various acts in the ICT environment
• Understanding of risk, control, and governance in ICT.
• General professional reports
• Ability to work with multiple projects, multi-task and project management skills.
• Ability to work in a team environment.

All short-listed applicants will be subjected to assessments, references, and credit checks.

ITHALA EMBRACES THE PRINCIPLES OF THE EMPLOYMENT EQUITY ACT
PREFERENCE WILL BE GIVEN TO PEOPLE WITH DISABILITIES, AFRICAN FEMALE OR WHITE FEMALE

CLOSING DATE: 06 June 2024

INTERESTED APPLICANTS MUST FORWARD A DETAILED CV; CERTIFIED COPIES OF QUALIFICATIONS AND ID DOCUMENT BY E-MAIL TO
HR_recruitment4@ithala.co.za. KINDLY ALSO INCLUDE A MOTIVATION OF HOW YOU MEET EACH OF THE ENTRY REQUIREMENTS
LISTED ABOVE AND QUOTE THE REFERENCE NUMBER FOR THE POSITION.

INTERNAL AUDITOR – ICT: C4

SALARY PER MONTH: R33 831.00 PLUS BENEFITS
GROUP INTERNAL AUDIT
ITHALA TRADE CENTRE
REFERENCE NUMBER: LJ23171

Reporting to the Senior Internal Auditor, the Internal Auditor will conduct audit reviews to ensure that an
organisation’s risk management, governance and internal control processes are operating effectively.

The Internal Auditor will:

• Conduct detailed audit planning in line with methodology.
• Ensure timely discussion of record of audit findings with client.
• Prepare a draft report in the prescribed format and reporting standards with management comments for assigned projects.
• Conduct audit fieldwork by compiling accurate and complete working papers in line with methodology.
• Complete, update and maintain quality assurance improvement program (QAIP) monthly by last day of each month.
• Conduct QAR compliance review on files for assigned projects and peer review of files for another team member.
• Provide weekly status update to the Manager/Supervisor for assigned project.
• Follow up on outstanding audit log issues for the assigned Business Unit.
• Update the audit log monthly.
• Ensure Quarterly preparation of audit log certificates.

The following minimum requirements should be met to be considered:
Qualifications:

• Bachelor’s degree in Accounting/Finance or related field.
• Studying towards a CIA/IAT/PIA or CISA
• Certification in CIA/IAT/PIA or CISA is advantageous.

Experience:

• A minimum of 3 years’ experience in internal auditing in one or more of the following fields:
  o Financial/Operational Auditing.
  o External Auditing.
  o Information Systems Auditing.

Requisite Functional Competencies:

• Computer literacy in Ms Office package.
• Valid Driver’s Licence.
• Continuous familiarisation with industry.
• Knowledge of the principles, practices, and techniques of accounting and auditing.
• Knowledge in the Banking Sector Auditing.
• Knowledge of the techniques, tests, and sampling methods involved in conducting audits and the
  requirements set forth in the Standards for the Professional Practice of Internal Auditing.
• Knowledge of computer-oriented accounting and auditing record-keeping systems.
• Understanding of PFMA, Corporate Governance and other control codes.
• Knowledge of interrelation planning in systems, people and structures.
• Skill in the use of available technology in conducting audit activities.
• Understanding of project management principles.

All Short-listed applicants will be subjected to assessments, references, and credit checks.
ITHALA EMBRACES THE PRINCIPLES OF THE EMPLOYMENT EQUITY ACT
PREFERENCE WILL BE GIVEN TO PEOPLE WITH DISABILITIES, INDIAN MALE, WHITE FEMALE OR WHITE MALE
CLOSING DATE: 06 June 2024

INTERESTED APPLICANTS MUST FORWARD A DETAILED CV; CERTIFIED COPIES OF QUALIFICATIONS AND ID DOCUMENT BY E-MAIL TO
hr_recruitment9@ithala.co.za. KINDLY ALSO INCLUDE A MOTIVATION OF HOW YOU MEET EACH OF THE ENTRY REQUIREMENTS LISTED
ABOVE AND QUOTE THE REFERENCE NUMBER FOR THE POSITION.

All the best with your applications