Credit Monitoring Officer at ACCION Microfinance Bank

Job Responsibilities

• To check and review all disbursed loans to confirm the approved terms and conditions are correct and in line with the approval.
• Review the checklists and documentations for completeness and accuracy based on product requirements.
• Conduct loan utilization monitoring and review and prepare a report actionable by the decision makers.
• Conduct periodic spot checks to client sites to confirm loan performance, utilization, customer existence etc.
• Obtain evidence of capacity and confirm customers? continued capacity to meet loan obligation and submit report to Credit Risk Manager for input into IFRS 9 computation.
• Review monthly turnover covenant for customers and advise customers through branches of non-compliance if there is any.
• Keep regularly follow up with branch for the list of poor performed loans and update result in timely manner.
• Review all loans requiring insurance compensation for timely resolution and settlement.
• Coordination with legal department or branch on title collateral documentations and completeness
• Maintain an effective early warning signal reporting system of credit impairments and taking corrective action.
• Follow up with Branch Head of Operation to ensure demand notices are issue to defaulting customers promptly and timely presentation of postdated cheques.
• Liaising with the Recovery Manager to ensure timely action where customer is identified for Loan rescheduling based on the product requirements.
• Ensure that credit risk management practices reflect best practice, review and refine various credit risk initiatives and assist in adopting automation, streamlining processes, and identifying and implementing appropriate technology solutions.
• Maintain Credit Risk Register

Qualification & Experiences

• Bachelor's degree or its equivalent in Computer Science, Business, Accounting, Finance, and Economics.
• Direct experience credit operations in a bank

Key Performance:

• Proven analytical skill and ability to work with minimal supervision.
• Ability to perform under pressure and accept varied responsibilities
• Proven problem solving and investigative skills
• Excellent time management skill to perform efficient and productive work
• Proven negotiation skill
• Ability to coordinate branch Account officers/Supervisors.
• Good time management skill

Required Knowledge:

• Advanced knowledge of on Excel spreadsheets, Power Point presentations, Word, Outlook.
• Knowledge of finance and banking.
• Proficiency in speaking, writing and reading of English language.
• Proficiency in Ms. Word, Excel, and Outlook.