Credit Administrator at E-Barcs Microfinance Bank Limited

Job Summary

• The Credit Administrator will be responsible for overseeing the credit approval process, maintaining credit files, and ensuring compliance with the Bank's credit policies. This role involves working closely with the Credit analyst, relationship officers, and other team members to facilitate credit decisions and manage credit risks.

Key Responsibilities
Credit Analysis:

• Assist in conducting credit analysis and evaluations to assess the creditworthiness of customers.
• Prepare reports on credit analysis and make recommendations to the Credit Manager

Monitoring Loan Performance:

• Track and monitor loan repayments to ensure timely collections.
• Identify early warning signs of potential defaults or delinquencies.

Customer Account Management:

• Maintain regular communication with borrowers to address any issues related to repayments.
• Update customer records with any changes to contact information, repayment terms, or other relevant data.

Covenant Compliance Checks:

• Ensure that borrowers adhere to the loan covenants and conditions stipulated in the loan agreement.
• Review financial statements and other documents periodically to verify compliance.

Collateral Monitoring:

• Regularly review and verify the condition and value of collateral pledged against loans.
• Ensure that collateral documentation remains valid and is renewed as necessary (e.g., insurance policies).

Loan Restructuring and Rescheduling:

• Evaluate requests for loan restructuring or rescheduling due to financial difficulties faced by the borrower.
• Work with the credit team to develop alternative repayment plans that minimize risk to the Bank.

Repayment Reconciliation:

• Reconcile loan repayments with customer accounts to ensure accuracy.
• Address any discrepancies between the Bank’s records and the borrower’s payment records.

Delinquency Management:

• Identify overdue accounts and take appropriate action, such as sending reminders or notices.
• Engage in early intervention strategies to work with borrowers who are experiencing financial difficulties.

Non-Performing Loan (NPL) Management:

• Classify and manage non-performing loans in line with regulatory guidelines.
• Work with the recovery team to initiate recovery actions, including legal proceedings if necessary.

Documentation Management:

• Ensure all loan-related documentation, including disbursement records, collateral details, and correspondence, are properly filed and maintained.
• Regularly audit files to ensure compliance with regulatory and internal standards.

Reporting:

• Generate and review post-disbursement reports, including loan performance, delinquency, and risk exposure.
• Provide regular updates to management on the status of the loan portfolio.

Qualifications

• Bachelor's Degree in Finance, Accounting, Business Administration, or a related field.
• Minimum of 2-3 years of experience in a credit administration role.
• Strong understanding of credit risk management and regulatory requirements.
• Excellent analytical skills with attention to detail.
• Proficiency in credit management software and Microsoft Office Suite (Excel, Word, PowerPoint).
• Strong communication and interpersonal skills.
• Ability to work independently and as part of a team.

Key Competencies:

• Analytical Thinking
• Attention to Detail
• Problem-Solving Skills
• Customer Service Orientation
• Time Management
• Integrity and Confidentiality.