Credit Officer (Eco Bank Zambia)

  • Freelance
  • Lusaka

Eco Bank

Job Description

Job Purpose

In liaison with the Head of Credit Administration, support the strategic effort of Group Risk Management to maintain a strong credit risk culture within the Bank through the establishment of an effective credit administration function and active support to the monitoring function.

Job Context

To maintain a high standard and quality of credit administration by ensuring:

  • Strict adherence to monitoring of credit losses: must be within 3%
  • Developing and enforcing required Service Level Agreements between business units and CAD
  • Improving internal customer service as regards turnaround time on CAD Services
  • Ensuring regular credit file reviews for the affiliate on a bi-monthly basis
  • Supporting the automation of processes that are to be developed and reporting requirements
  • Supporting the Head of CAD to drive a strong risk culture in the affiliate, escalation of key documentation issues in a bid to raise the credit culture in their Businesses
  • Ensuring active and regular interactions in the Affiliate as regards documentation and collateral review processes to ensure that the credit documentation and monitoring processes are fully embedded in the Affiliate
  • Actively engaging with all stakeholders in the affiliate throughout the disbursement process and through the review process to ensure that the collateral remains enforceable.
  • Any other duties as may be assigned by the supervisor.
    The incumbent should be customer & results focused, a good team player. In addition, the incumbent will conduct bi-monthly review of credit files of the top borrowers in the affiliates, identify issues and escalate them to Head of CAD whilst actively following up for the resolution of the identified issues.
  • automation of critical processes and reports.
  • Preparation of Credit Administration Reports for:
  • Group Reporting
  • Central bank reporting
  • Any other ad-hoc reports.
  • Ensure that all limits are made available to customers within agreed standards set in the Service Level Agreement (SLA).
  • Ensure that reports to the Portfolio Management unit are properly prepared for sign off by the Head CAD and submitted promptly (within the set deadline) on a monthly basis.
  • Provide leadership and capacity training to affiliate CAD interns to develop a strong credit risk monitoring team.
  • Ensure strict observance of the affiliate collateral management system for all bank customers:
  • Develop a process for the recording of collateral held by the bank.
  • Conduct periodic reviews that all collaterals for facilities availed have undergone the periodic policy requirement reviews and updates
  • Control functions: includes monitoring transactions, collateral and documentation to ensure strict compliance with approved limits, terms and conditions (Covenants); ensure limits are not released until all conditions are fulfilled or variations approval is obtained and on file; conducting of valuations, covenant monitoring, etc.
  • Custodial functions: includes safekeeping of credit files, documentation and all collateral; ensuring collateral exists and its value always covers the exposure. Strong record keeping and safe custody of documentation is a must.
  • Reporting: high quality report preparation and submission of reports on TODs, PDOs, NPLs, classified credits, credit portfolios (as per the prescribed frequency) and ensuring high data integrity.

Experience & Qualifications

  • Minimum of 3-5 year of experience in credit risk management or related experience in a Financial Services Institution.
  • Degree in Finance, Economics or related field/equivalent professional qualifications
  • Good credit administration skills
  • A good knowledge of banks’ products and services and the operations of other departments.
  • Good working knowledge of Company Ordinance and legal requirements for perfection of security documentation.

Skills, Capabilities & Personal Attributes

  • Sound knowledge of banking principles
  • A proven ability to deliver under pressure Control oriented,
  • Attention to details
  • Good team player
  • Strong analytic skills
  • Responsive, and Strong Interpersonal Skills
  • Trustworthy and Strong communication skills.

Deadline: 8th April 2024

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