• Application Deadline: Thu, 20 Jul 2023 00:00:00 GMT
• Position: Credit Risk and Monitoring Officer


• Job Type Full Time


• Qualification BA/BSc/HND , MBA/MSc/MA


• Experience 5 - 8 years


• Location Abuja


• Job Field Finance / Accounting / Audit 
  

Responsibility Summary

• Develop and implement a system for actively identifying and reporting deteriorating credit facilities and Responsible for the assessment and processing of credit applications, for both new and existing clients.

Roles / Responsibilities

• Provide detailed guidelines for monitoring and managing information on existing exposures as a basis for informed decision making.


• Review customer files to ensure completeness of all due documentation and security documents before signing off for availment


• Track and produce credit information for all parties involved in the credit creation process to enable effective credit exposure and credit portfolio performance monitoring.


• Evaluate credit quality and performance of existing exposures and assign quality classification in line with organisation’s guidelines.


• Keep track of borrowers’ compliance with credit terms subsequent to disbursement.


• Develop and implement an early warning system to identify and report signs of deterioration, irregularity and non-performance in credit facilities.


• Develop and implement a system for identifying loans due for repayment and informing the relevant business units for the purposes of following up with the customers.


• Monitor loan repayments.


• Generate reports on credit exposure by risk grade; and


• Ensure that problem credits are subject to regular review and monitoring while progress reports on problem credits are submitted to senior management on a timely basis.

Credit Applications:

• Process credit applications and make recommendations, highlighting all risk issues pertinent to the credit decision


• Justify credit decisions, both verbally and in writing.


• Give initial feedback on prospective and existing customer requests to dealers and Account.


• Relationship Managers.


• Give constructive feedback on the work produced by fellow Credit Risk Analysis team members.


• Ensure quick turnaround of credit requests and ensure the Credit Application Status Log is updated daily.

Compliance and Audit Readiness:

Contribute to the Credit Risk Analysis team’s compliance and audit readiness by making sure that:

• All customer and internal correspondence are of the highest quality.


• All files (including soft copy customer files), paperwork and systems are maintained.


• in line with the organization’s requirements, formats and standards.


• You enforce and maintain a clear desk policy and familiarise yourself with GDPR regulation.


• Annual credit reviews and review date extension requests are prepared prior to expiry.


• You achieve and maintain a comprehensive product and portfolio knowledge.


• Credit and other relevant policies and procedures are always followed and adhered to.


• You diligently handle and timely respond to regulatory and audit requests/queries.

Credit Portfolios:

• Develop and maintain a sound 360 degree understanding of your client portfolio.


• Monitor the risk of client portfolios to ensure they stay within agreed parameters of the Credit.


• Policy and the Risk Appetite Statement.

Job Requirements

• Candidates should possess a Bachelor's Degree / Master's Degree qualification.


• 5 - 8 years work experience.

Technical Skills:

• Excellent Excel, Word, PowerPoint, and Outlook skills


• Experience of using Credit Risk Management systems/packages

Skills & Abilities:

• An ability to ‘think outside the box and look for creative solutions.


• Demonstrated ability to work effectively in a team-oriented environment.


• Strong presentation skills and an ability to report to and manage senior stakeholders.


• Excellent communication skills; proven experience in communicating to senior leadership.


• Strong attention to detail, quality, and accuracy.


• Strong drive for continuous improvement.


• Must be able to demonstrate interest in financial modelling.