Credit and Internal Control Officer at AMS Finance & Management

Job Summary

• The Credit and Internal Control Officer is responsible for managing the credit approval process, assessing financial risks, and ensuring compliance with internal control procedures.
• This role involves evaluating credit proposals, conducting financial analysis, and implementing internal audit policies and practices to mitigate risks and optimize financial performance.

Responsibilities
Credit Approval Process:

• Assess credit proposals and make recommendations for approval or denial based on established criteria and risk assessment.
• Review loan applications, credit reports, and financial documentation to determine creditworthiness and risk exposure.
• Collaborate with relevant stakeholders to ensure timely and accurate processing of credit requests.
• Identify opportunities to cut costs and improve profitability through thorough financial analysis and strategic decision-making.

Financial Risk Assessment:

• Analyze financial statements and other data to evaluate the financial condition of borrowers and assess potential risks.
• Identify and evaluate risks associated with credit transactions, including credit, market, and operational risks.
• Develop strategies to mitigate risks and optimize profitability while maintaining acceptable risk levels.

Internal Control Implementation:

• Implement internal control policies and procedures to ensure compliance with regulatory requirements and industry best practices.
• Develop and enforce the use of checklists and documentation standards for credit evaluation and approval processes.
• Conduct periodic audits and reviews to monitor compliance with internal control policies and identify areas for improvement.
• Ensure that accounting and financial record-keeping processes adhere to company policies and regulatory requirements, maintaining accurate and reliable financial data.
• Conduct ad hoc investigations into identified or reported risks promptly and thoroughly, ensuring all relevant information is gathered and analyzed.

Audit and Business Practices:

• Stay abreast of regulatory changes and industry trends related to credit management and internal control.
• Implement best audit and business practices to enhance efficiency, effectiveness, and compliance with internal policies and procedures.
• Participate in the development and implementation of strategies to support the company's overall objectives and goals.

Reporting and Documentation:

• Prepare timely and accurate reports on credit activities, risk assessments, and internal control audits for management review.
• Maintain detailed records and documentation of credit transactions, audit findings, and compliance activities.
• Communicate audit results and recommendations to management and provide guidance on corrective actions and risk mitigation strategies.

Training and Awareness:

• Provide training and guidance to staff on internal control policies, procedures, and best practices.
• Promote awareness of internal control standards and objectives throughout the organization.

Collaboration and Communication:

• Collaborate with management and cross-functional teams to address internal control issues and implement corrective actions.
• Communicate findings, recommendations, and action plans to relevant stakeholders, including senior management and audit committees.

Credit and Expense Approval:

• Provide thorough analysis and recommendations for credit and expense approval to ensure prudent financial decision-making.
• Collaborate with relevant stakeholders to assess the potential risks associated with credit approvals and expense management.

Integral Part of Credit Approval Process:

• Actively participate in the credit approval process by assessing areas of significant business risk and providing valuable insights to decision-makers.

Continuous Improvement:

• Continuously seek opportunities to improve internal audit and credit management processes, systems, and procedures, driving efficiency, effectiveness, and risk mitigation strategies.

Qualifications and Requirements

• Bachelor's Degree in Accounting or Finance.
• A cumulative of 5+ years’ work experience with a minimum of 2 years work experience in internal audit, risk management, or internal control roles within the finance industry.
• Strong understanding of internal control frameworks, standards, and regulatory requirements
• Excellent analytical and problem-solving skills, with the ability to assess complex business processes and identify control deficiencies.
• Proficiency in conducting audits, risk assessments, and control testing procedures.
• Strong communication and interpersonal skills, with the ability to effectively interact with stakeholders at all levels of the organization.
• Professional certifications such as Certified Internal Auditor (CIA), Certified Information Systems Auditor (CISA), or Certified Fraud Examiner (CFE) are preferred.
• Attention to detail and a commitment to upholding integrity, ethics, and confidentiality in all internal control activities.