MANAGER CREDIT ADMINISTRATION
Closing Date:
Friday, October 27, 2017
Location of the Job:
Namibia
Reference Number:
Nam 18/10/17-003
Purpose of the Role:
1. The primary responsibilities of this position is the effective management of loan book performance in accordance with the approved credit risk policies, guidelines and procedures.
2. To support the Country Management Committee (CMC) in the effective administration of the credit facilities in accordance with the mandate as prescribed in the credit risk policies and guidelines.
3. Ensure the compliance with bank’s credit risk appetite, international best practice and local regulatory requirements.
4. Continuously improve the credit administration processes with the intention of adding value to business whilst introducing practices that are fit for purpose in line with leading global practices.
5. To provide recommendations on achieving set loan book performance and impairments targets,
6. To support the Country Management Committee in the development of policies, procedures on credit administration, impairments, write-off and arrears management.
7. To maintain and update Credit Risk RCA for the department
8. Maintain a tracker of all issues raised in Audits, Business Reviews and Regulatory Audits
9. Ensure and coordinate closure of all Internal and Regulatory observations at least 45 days before the due date
10. Support and develop in-country Collections and Recoveries strategies and loan book performance assessments.
Key Accountabilities:
11. Implementation of the Credit Risk Policies, Credit Guidelines/procedures and Credit
12. Implementation of Impairments and Collections strategies for the bank and/or LHN subsidiaries.
13. Recommending credit administration proposals to the relevant management credit committees and Board Credit Approval Committee for approvals with amendments if necessary.
14. Interface with sales/relationship managers to communicate credit administration decisions and ensure timely review of new customers.
15. Negotiate documentation and payment terms with customers to ensure transactions are properly secured
16. Ensure that funds disbursed under the credit agreement are, in fact, used for the purpose for which they were granted.
17. Promoting ethical and responsible lending practices
18. Monitor grading of accounts and related provisioning and promptly recommend amendments to relevant approving authorities as and when the risk profile of borrowers change.
19. Daily monitoring of outstanding balances versus approved limits on all accounts that bear a credit risk, including unauthorized excesses and ensuring that all excesses are either duly approved by the relevant authority or declined and entries reversed.
20. Ensure daily monitoring compliance with conditions precedent, conditions subsequent, and covenants.
21. Ensure that adequate insurance covers and/or collateral is maintained.
22. Identification of potential problem customers at an early stage
23. Developing timely and effective account rectification strategies in collaboration with respective Relationship Managers/officers in relation to problem accounts to protect the bank’s lending position and minimize losses.
24. Produce daily, monthly and quarterly credit reports for senior management.
25. Periodically stress test the portfolio
26. Initiate process improvement and quality reviews to simplify and improve productivity
Knowledge and Experience Required of Job Holder:
1. Minimum academic requirements include a degree in business or finance related field;
2. A credit qualification will be an advantage;
3. Minimum of 5 years’ experience in Credit Risk Management at a senior level;
4. Experience lending to Micro and Small Enterprises MSE);
5. Expert knowledge of banking regulations;
6. Strong planning and organizing skills;
7. Knowledge of banking operations and procedures;
8. Good communication skills both written and verbal;
9. Well-developed interpersonal skills;
10. Vast understanding of credit reporting requirements;
Apply: