Head, Internal Control at Peridot Forte Solutions Consulting

Job Summary

• Compliance, Internal Controls and Risk Management

Responsibilities

• Ensure regular reconciliation of bank statements
• Ensure proper documentation, recording and tagging of the company’s fixed assets.
• Liaise with external auditors
• Ensure proper proofing and recommendation of general ledger accounts
• Makes financial control-related recommendations on specific major projects or plans.
• Ensure prompt rendition of returns to the MD and board of Directors
• Ensure that credit facilities to any customers or group of customers are in line with the regulatory guidelines; clearly defined internal policies and debt service capability.
• Monitoring of conditions subsequent to draw down for timely detection of documentation deficiencies.
• Ensure that all credits have been approved in accordance with the credit policy.
• Ensure that all pre-disbursement conditions have been met.
• Ensure that all collateral documents are properly kept and perfection carried out.
• Review approved credit for quality, performance and compliance with approved terms & condition in the credit policy. Ensure all credit are approved in accordance with the credit policy and any regulatory guidelines. prompt escalation of any deficiencies noted
• Carry out spot checks on loan customers to verify due diligence done prior to draw down
• Identify all non performing accounts and pursue workout strategies in collaboration with loan officers
• Ensure that limits are monitored.
• Ensure that income, fees, maturing repayment & other charges are captured.
• Detect and escalate un-authorized credits.
• Ensure policy driven credit related sanction are captured on the software, e.g. late payment penalties and enforced by loan officers
• Prepare regular report for management on portfolio quality etc. as required
• Identification of warning signals and flagging likely problems before they crystallise
• Review regularly officer cash collection records versus system balances
• Enforce the company’s clear desk policy
• Identification of deteriorating accounts for prudential classification and transfer to credit recovery
• Ensure that limits are monitored
• Ensure that income, fees, maturing repayment & other charges are captured.
• Detection and escalation of un-authorized credit.
• Implementation of policy driven credit related sanctions.
• Preparation of exception report as required.
• Identification of warning signals and flagging likely problem before they crystallise.
• Custody and maintenance of credit files.
• Ensure that a review of the portfolio is carried out on a quarterly basis
• Ensure that a rapid review of the company’s portfolio is carried out, in the event of material adverse changes, affecting the operating environment.
• Ensure that appropriate recommendations are implemented such that the desired level of credit quality and performance are attained and sustained.
• Take necessary measure to ensure adequate quality assurance in operation i.e. call over. General ledger proofing/ reconciliation, integrity test, departmental control etc.
• Ensure all interest earning are correctly accrued and amortised monthly.
• Ensure proper verification of expenses before processing and disbursement of funds.
• Track bank deposits and payments

Requirements

•  5 - 9 years experience in Microfinance Bank.