Senior Valuer: Credit Risk - 12 months contract - Durban

The Senior Valuer will:

• Independently determine appropriate asset values in respect of residential, commercial, agricultural and industrial properties.
• Advise and evaluate properties that Ithala departments/units will dispose.
• Determine market and forced sales value of assets.
• Evaluate the condition and value of assets.
• Provide project management support/advice for construction development loans funded by Business Finance.
• Coordinate and control valuation process.
• Review and ensure accuracy, validity and reliability of external valuations performed by external service providers and provide input.
• Recommend best methods to dispose of assets.
• Provide expert advice on disposal by private sale, formal/informal tender, or auction sales.
• Ensure compliance with governance in terms of legislative and audit requirements.
• Monitor and manage all aspects relating to security revaluations of existing assets.
• Maintain a detailed register of assets.
• Submit the valuation report with values for approval to management.
• Maintain accurate valuation records.
• Conduct industry related research and development on an ongoing basis to identify latest market trends within the Property industry.

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

• Bachelor’s Degree in Property Studies/Real Estate or relevant.
• Eight (8) years’ experience in Property Valuation for different types of properties.
• Must be registered with the South African Council of Property Valuers Profession (SACPVP) as a Professional Value/ Professional Associate Valuer.
• Member of the South African Institute of Valuers (SAIV) would be advantageous.
• Valid Driver’s Licence and own transport is essential

Requisite Functional Competencies

• Computer Literacy (MS Office).
• Knowledge of legislation pertaining to IDFC.
• Sound knowledge of valuation methods.
• Knowledge of Principles of Property Law and Law in Valuation.
• Knowledge of specialised valuations.
• Knowledge of Bill of Quantities.
• Understanding of legislation regarding built environment.
• Understanding of IFRS 9.