Credit Manager

Reporting to the Managing Director, the Credit Manager will have the overall responsibility for the credit / lending function. Key areas of responsibility include the following:

• Making sound credit decisions in line with company’s risk appetite, tolerances and policies, procedures, and guidelines.
• Developing and maintaining strong relationships with both the internal team and external partners to ensure stakeholder satisfaction.
• Monitoring market conditions and any regulatory changes that would require changes to credit policies, procedures, and guidelines.

POSITION INFO:

Key Accountabilities & Duties

Loan origination and processing

• Implement loan origination strategies with lending team.
• Review and recommend credit applications and transactions within assigned credit limits in a timely manner.
• Provide independent, objective reviews and recommendations to credit applications and other matters which have been agreed to and/or recommended by the Loan Officers.
• Review all loan applications and sign off prior to submission to senior management, to ensure the completion of due diligence and adherence to the company’s policies and guidelines.
• Provide motivation for recommendations on credit transactions/applications and communicate effectively with Loan Officers to ensure rationale and decision is clearly understood.
• Write succinct credit memos or credit announcements to communicate credit perspective and rationale for new credits and credit extensions.
• Communicate with Loan Officers about specific credit applications and transactions to seek further information and modifications, if needed. Discuss appropriate structuring for the deal and criteria required for approval. Ensure that all information is credible, accurate, and relevant, including analysis and evaluation of the technical aspects (e.g., financial analysis, credit terms, structure, and collateral).
• Review approval letters and loan agreements to ensure credit terms and conditions are recorded.
• Review and recommend disbursements according to policies and guidelines to ensure lending conditions are met.
• Support the healthy and sustainable growth of a profitable loan portfolio by ensuring the credit granting and implementation is within the company’s prescribed asset quality standards.
• Maintain records of loan applications.

Monitoring and Collections

• Actively monitor loans after disbursement according to guidelines and policies.
• Oversee collections and implement collection activities timeously.

Reporting

• Weekly, monthly, quarterly, semi-annually, and annual reporting to senior management on lending activities.
• Prepare reports for Board and external stakeholders.

Organisation Development

• Support Loan Officers to ensure client and other stakeholder satisfaction.
• Respond to and resolve escalated issues raised by the Loan Officers.
• Contribute to the development and implementation of sound SME lending guidelines and policies.
• Monitor market conditions and make recommendations for enhancements to existing policies, procedures, and guidelines.
• Assess the impact of regulatory changes to existing policies, procedures, and guidelines.
• Provide support in strategic projects, policy, and process improvements initiatives related to the business.

Occupational Experience & Education Requirements

• Bachelor’s Degree or diploma in business or a related field.
• Minimum 5 years SME lending experience is required.
• Additional SME support services experience is considered advantageous.

Knowledge, Skills & Attributes

• Sound credit judgement. Ability to understand the risk return trade-off and come up with well thought-out solutions to mitigate credit risk.
• Ability to articulate complex credit applications into succinct and balanced recommendations.
• Understanding of commitment letters and other legal documents from a credit perspective.
• Financial Statement analysis experience.
• Understanding of SME lending practices and end-to-end credit process.
• Analytical skills and attention to details.
• Problem-solving capabilities and excellent organizational and time management skills.
• Proficiency with MS Office Suite of products.
• Experience working with a lending software.

Should you not receive a response within 10 working days, please consider your application as unsuccessful.