• Application Deadline: Fri, 26 Jan 2024 00:00:00 GMT
• Position: Head of Credit


• Job Type Full Time


• Qualification BA/BSc/HND


• Experience 3 - 4 years


• Location Lagos


• Job Field Banking 
  


• Salary Range ₦200,000 - ₦300,000/month
  

Job Summary

1.  Develop, review, and update credit policies and procedures in line with regulatory requirements and industry best practices.


2. Ensure that credit policies are clear, comprehensive, and aligned with the microfinance bank's strategic objectives.


3. Assess the creditworthiness of individuals, businesses, and other entities applying for loans.


4. Implement effective risk management practices to minimize non-performing loans and maintain a healthy loan portfolio.


5. Monitor and analyze market trends, economic conditions, and regulatory changes that may impact credit risk.


6. Monitor the performance of the loan portfolio and take proactive measures to address potential issues.


7. Develop strategies to diversify the loan portfolio and enhance its overall quality.


8. Work closely with branch managers and credit officers to ensure adherence to credit policies and procedures.


9. Train, and supervise credit officers and related staff.


10. Foster a positive and collaborative work environment within the credit department.


11. Conduct regular performance evaluations and provide feedback to the team.


12. Ensure compliance with all relevant regulatory requirements and internal policies.


13. Prepare regular reports for senior management and regulatory authorities on credit performance and risk exposure.


14. Collaborate with other departments, such as finance, operations, and risk management, to achieve overall organizational goals.


15. Participate in senior management meetings and contribute to strategic decision-making.