Officer – Credit Administration Job CIB

Banking Jobs. Commercial International Bank Jobs

Job Purpose Statement

Support the creation of high quality credit risk assets for the bank and minimize the incidence of non-performing loans while increasing the bank’s financial performance by creating profitable credit risk assets.

Closely work with the Relationship Managers from the credit origination & play a vital role in deal structuring to add value from a credit/policy perspective.

Key Responsibilities

Financial Responsibilities

• Ensuring that all conditions precedent for credit facilities are in place and the necessary deferrals/waivers sought from Management Credit Committee, prior to Head, Credit and Head, Legal signing off for disbursement of all credit facilities.
• Ensuring post disbursement compliance with approved terms and conditions, assignment of rights, review expiry of credits, progress payment insurance etc.
• Monitor all irregularities, past dues, documentation deficiencies, etc., and report to Management.
• Ensure recovery of items pledged as security on delinquent loans.
• Monitoring and reporting to the Departmental Head on the asset quality of the loan portfolio, including delinquencies, nonaccruals, loan concentrations and profitability analyses.
• Post-approval assessment of credit facilities and initiate appropriate follow-up action.
• Reviewing facility and overdraft excesses, and non-facility overdrafts through daily reports from IT to ensure that they are appropriately sanctioned and therefore safeguard the bank from financial loss from unauthorized extension of credit.
• Seek necessary approvals for excesses in the account.

Customer Responsibilities

• Work with the Relationship Managers on a specified portfolio and facilitate revenue growth in the portfolio.
• Ensure all applicants are advised on fate of applications within reasonable time.
• Assist to review of all Letters of Offers and any other letters prepared by Credit Admin Assistants/Officers prior to execution/issuance to the clients/BM/RM.
• Responding to various queries/clarifications sought by the Departmental Head in the area relating to credit proposals submitted.
• Support review and development of the bank’s credit products to ensure they remain competitive with what obtains in the market.

Internal Business Process Responsibilities

• Review loan documents and liaise with internal and external parties to ensure proper and efficient delivery of credit administration duties.
• Authenticate documentation presented for all credit applications and ensure they meet the Know Your Customer (KYC) requirements and any other requirements as required by the Bank and by the regulators.
• Verify that securities are provided and forwarded for perfection.
• Coordinate and prepare for Credit meetings.
• Ensure that all credit files have been well segregated into their various compartments and filed alpha numerically.
• Ensure timely submission of documents and any other information required for both internal and external audit.

Functional Responsibilities

• Support effectiveness within the departmental structure and apply established systems (policies, process, procedures & tools) towards achieving compliance requirements, optimal efficiency, resource utilization and cost containment.
• Ensure that all credit requests comply with the bank’s credit policy and procedure.
• Any other duties allocated from time to time.

Job Specification

Academic

• Minimum of a Bachelor’s degree in Accounting, Banking & Finance or related discipline

Professional Qualifications & Experience

• Professional qualifications e.g. CPA, ACCA & CIMA
• Proficiency in Microsoft Office Suite

Desired Work Experience

• At least 5 years’ experience in Credit in a reputable bank
• Outstanding performance of duties and exceeding expectations in positions that require strong analytical, problem-solving, decision-making, team building, and leadership skills.

How to Apply

Click here to apply