Powering Progress for entrepreneurs and MSMEs across Africa and emerging markets by innovating access to credit through capital, data and technology.
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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.
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