Credit Administration Officer at Advancly

Job Summary

• The Credit Administration Officer will manage credit documentation, compliance, and risk mitigation processes for all loan transactions.
• The role requires collaboration with key departments to ensure prompt loan disbursement and the implemention of measures to minimize credit risks.
• The role demands analytical skills, negotiation abilities, and effective relationship management to optimize financial outcomes for both the company and clients.

 Responsibilities

• Maintain accurate credit documentation for all loan transactions.
• Prepare and record all credit-related letters and correspondences for easy accessibility.
• Perform credit status inquiry and interface with Credit Bureau.
• Generate reports on credit activities, portfolio performance and risk metrics.
• Daily monitor the credit portfolio and evaluate the risk of potential default while recommending solutions to the loan recovery team.
• Evaluate financial statements, credit reports, and other relevant information to make informed credit decisions.
• Collaborate with different departments, including Finance, Operations, Legal & Compliance to facilitate smooth and timely loan disbursement.
• Ensure compliance with regulatory requirements and internal policies.
• Provide weekly collection and payment schedules to the Growth team while ensuring prompt and timely repayments.
• Identify and escalate repayment irregularities for further management action.
• Communicate credit terms, conditions, and decisions to clients
• Engage in negotiations with clients to establish favorable credit terms.
• Any other responsibility assigned by Management.

Qualifications

• Bachelor’s degree in Finance, Business, or a related field.
• Proven experience in credit administration, loan processing within the financial services sector (at least 3-5 years).
• Strong understanding of financial principles, accounting practices, and credit analysis is essential.
• Excellent negotiation and communication skills.
• Experience in ensuring regulatory adherence within a financial institution.
• Analytical mindset, Detail-oriented, organized, and able to meet deadlines.
• Ability to work independently and collaboratively in a fast-paced environment.