Credit Risk Officer (Financial Services) at iRecruiters Africa Limited

Job Objective:

This role shall be expected to;

• Be directly responsible for every aspect of the loan process, from meeting with prospective borrowers and hashing out terms and conditions precedent to drawdown to overseeing the collection and processing of payments
• Ensure collateral management and facilitate problem resolution with regard to payments
• Ensure the process is handled within legal and regulatory boundaries
• Create risk assets through a very thorough customer selection and controlled risk-availing process without compromising portfolio profitability and in compliance with the company’s management policies

Key Responsibilities:

• Receives and processes customer requests for Loan advances
• Creates new loan files by preparing documentation for scanning, entry into the system, and proper storage
• Verification of Internal Credit Approvals and Loan Covenants
• Review, Certify, and Safeguard all Collateral/Document Submission in accordance with the company’s Loan operation policy/Credit policy manual
• Review all Loan documents prior to Funding
• Maintain Collateral Inventory and accurate accounting of all activities
• Identify and Register Loan Repayments ensuring correct application of Funds and summary ledger
• Maintain orderly physical Loan files with copies of critical documents justifying the entries in the loan accounts as well as correspondence with the borrowers and other departments within the company.
• Prepare, on a regular basis, draft correspondences to Borrowers providing information on their arrears and sanctions position indicating their negative implications both on the Borrowers and the organization.
• Verify the bi-monthly arrears position of Borrowers, and monitor the system for prompt identification and processing of overdue loan repayments.
• Interest income recognition as well as other necessary accounting ledgers to be maintained.
• Ensures Risk asset targets are met
• Prepare daily, weekly, and monthly report

Requirements

• First degree in Finance, Accounting, or any other related field.
• 3+ years of work experience in a similar environment
• A credible knowledge of CBN policies on credit and loan administration
• Strong proficiency in analyzing and evaluating financial information
• A demonstrated knowledge of finance, accounting, and risk management
• Credit risk management rating and perception
• Non-performing Loan Ratio (NPL)
• Cost of Risk (Impairment charges/Loan loss provisioning)
• Excellent interpersonal skills
• Attention to detail; thorough, particular, and accurate.