An exciting opportunity has arisen with our client, a unique microfinance institution offering micro credit solutions, to positively transform the lives of their customers and other stakeholders.
The recently established institution seeks to hire a dynamic individual to fill the role of a Credit Manager. Candidates working and living within the area are encouraged to apply
Key Responsibilities:
Managing the daily administration for loan documentation in full compliance with the internal standards and external regulatory requirements
Review loan documents and liaise with internal and external parties to ensure proper and efficient delivery of credit administration duties
Conduct periodical review on loan administration policy and procedures to streamline workflow
Control the recording, deposit and withdrawal of the security documentations properly
Generate, review and maintain loan disbursement reports for presentation to credit committees, and provide monthly reports on the same, in accordance to the credit policy and guidelines.
Ensure all lending Documentation is complete as per the Company Policy and Procedures with respect to amount of finance, terms and conditions, borrower’s borrowing mandate, authorized signatory etc.
Ensure that there is a robust process for the safe custody and control of all security documents
Ensure compliance with the internal policy, credit approval terms and conditions regulatory ratio / policies etc., complete set of documentation Is complete and verification, thereof, before approving any new finance request
Responsible for collateral valuation, collateral monitoring and collateral reconciliation with original documents, weekly monitoring of any pledged shares value to ensure compliance of coverage ratio and advise Corporate Credit to request top up in case of depreciation of pledge share price.
Approval from relevant authorities is held for deferral / waiver of incomplete documents
Ensuring post disbursement compliance with approved terms and conditions, assignment of rights, review expiry of credits, progress payment insurance, post fact mortgage e.t.c
Review daily system credit monitoring and management reports and identify non performing accounts with irregularities and proactively follow-up to ensure corrective action taken in line with credit policy.
Monitor all irregularities, past dues, documentation deficiencies, etc., and report to Senior Management
Skills and Requirements
Bachelors Degree in Finance, Accounting, or related field
Five (5) plus in a credit management function; Microsoft Office products and banking system experience
Strong decision making experience with regards to credit issues
Understand the Credit recovery process and actively participate on Watchlist
Thorough working knowledge of the Risk systems monitoring, and its related procedures, for analyzing the account behavior of clients, identifying trends and shifts in credit risk profiles.
Thorough understanding of bank’s products and facilities that give rise to counter party credit risk.
Strong technical understanding of non-credit risks encountered within transactions.
Knowledge of financial markets (Global and especially African economies).
Thorough conceptual and practical knowledge of credit procedures, policies, standards.
Knowledge of risk systems and derivative instruments.
Assuming the lead on projects and bringing to conclusion.
Energetic, detailed oriented, able to adhere to deadlines on a timely manner.
Strong communication skills for negotiation & reconciliation
Leadership & control work policy
Microsoft Excel and Word proficiency required
Credit associate member
Must have excellent negotiation and problem solving skills
If you are up to the challenge, posses the necessary qualification and experience, please send your CV only quoting the job title on the email subject (Re Advert MFI Credit Manager 100 – 150K gross) to vacancies@corporatestaffing.co.ke before 30th March 2015
Kindly indicate current/last salary on your CV
N.B: We do not charge any fee for receiving your CV or for interviewing
Only candidates short-listed for interview will be contacted.
The Recruiting Manager
Corporate staffing Services
Nabui House, 3rd floor, Westlands.
(Next to Unga House)