Credit Manager (Microfinance Bank) at Edgewood Consulting

The Role

• The Credit & Marketing Manager is expected to provide leadership within the Micro-Finance bank to ensure timely and successful development and implementation of the banking products and services ideas, key to the business performance and growth.

Description

• The Head of Credit is responsible for overseeing the credit operations of the microfinance bank, ensuring sound credit risk management, and maintaining a high-quality loan portfolio.
• This role involves developing credit policies, leading the credit team, and ensuring compliance with regulatory requirements and internal policies.

Key Responsibilities
Credit Policy Development:

• Develop and implement credit policies and procedures to ensure prudent lending practices.
• Regularly review and update credit policies to align with regulatory changes and market conditions.
• Ensure policies are effectively communicated and adhered to across the bank.

Credit Risk Management:

• Assess and manage credit risk, ensuring the bank maintains a balanced and high-quality loan portfolio.
• Establish and monitor credit limits and exposure levels to minimize risk.
• Conduct regular portfolio reviews to identify and address potential risks.

Loan Approval and Evaluation:

• Oversee the loan approval process, ensuring timely and accurate credit assessments.
• Evaluate complex credit applications and provide recommendations to the credit committee.
• Ensure that credit assessments are thorough and compliant with established policies.

Portfolio Management:

• Monitor the performance of the loan portfolio, ensuring timely collections and addressing delinquent accounts.
• Develop strategies to enhance portfolio performance and reduce non-performing loans.
• Prepare regular reports on portfolio quality and performance for senior management.

Team Leadership:

• Lead, mentor, and develop the credit team to achieve performance goals.
• Conduct performance evaluations and identify training and development needs.
• Foster a positive and productive work environment that encourages teamwork and professional growth.

Customer Relations:

• Build and maintain strong relationships with key clients and stakeholders.
• Provide guidance and support to relationship managers in structuring and negotiating loan terms.
• Address customer queries and issues related to credit applications and approvals.

Regulatory Compliance:

• Ensure compliance with all relevant regulatory requirements and internal policies.
• Liaise with regulatory bodies and ensure timely submission of required reports.
• Conduct regular audits and reviews to ensure adherence to credit policies.

Qualifications

• Bachelor's Degree in Business, Accounting, Finance, Economics or any field.
• Minimum of 4 years hands-on Micro-finance banking experience in Credit and Marketing
• Must possess a certificate in Micro-finance Banking issued by the Chartered Institute of Bankers of Nigeria (MClBN)
• Proficiency in using Microsoft Office Tools

Requirements:

• Professionalism, integrity and commitment
• Strong business acumen and Knowledge of low income market
• Comprehensive knowledge of Micro-finance banking products
• Sound knowledge of Micro-finance services, procedure, laws and regulations
• Strong analytical skills
• Strong oral and written communication skills.

Key Competencies:

• Credit analysis and assessment
• Risk management
• Strategic thinking and planning
• Customer focus
• Team leadership and development
• Financial acumen.