Credit Manager at Source Microfinance Bank

Credit Strategy and Policy Development:

• Develop, implement, and review credit policies, procedures, and guidelines to ensure alignment with regulatory requirements and organizational objectives.
• Establish clear lending criteria and risk management practices to maintain portfolio quality.

Sales and Customer Retention:

• Develop winning sales strategy and lead the sales team to deliver on agreed sales volume.
• Ensure all credit products meet defined quota of sales.
• Facilitate customer retention and minimal churn rate.

Loan Portfolio Management:

• Oversee the performance of the loan portfolio, ensuring timely disbursement, monitoring, and collection of loans.
• Analyze portfolio trends to identify risks and opportunities for growth.

Credit Risk Assessment:

• Evaluate and approve credit applications, ensuring a balance between risk and return.
• Conduct credit risk assessments, including customer due diligence and financial analysis.

Team Leadership and Development:

• Manage, train, and mentor the credit team to ensure high performance and adherence to credit policies.
• Foster a collaborative environment focused on achieving the bank’s credit and risk management objectives.

Regulatory Compliance:

• Ensure all credit activities comply with regulatory standards, internal policies, and external audit requirements.
• Prepare and submit reports to regulatory authorities and management as required.

Stakeholder Engagement:

• Collaborate with other departments, including operations, marketing, and finance, to ensure a seamless customer experience.
• Engage with clients and business partners to build relationships and expand credit opportunities.

Performance Monitoring and Reporting:

• Monitor loan repayment performance, ensuring timely identification and resolution of delinquencies.
• Provide detailed reports and recommendations to senior management on credit portfolio performance.

Requirements

• Minimum of 5 years relevant work experience
• CIBN and other relevant certification(s) is an added advantage
• Experience working in a financial institution and understanding of CBN stipulated ratio, standards, reporting and other relevant guideline is a must have
• Previous and proven usage of Microsoft office, accounting and core banking solutions is essential for the role holder
• Preferred candidates is expected to show clear understanding of digital loan products: sales, collection and delinquent management
• Experience working with start-up is an advantage but not compulsory
• Excellent verbal and written communication and presentation skills is required
• Candidate must possess the ability to work independently and part of a team, should be a self-starter
• Strong knowledge of credit risk assessment, financial analysis, and lending principles.
• Proficiency in financial modeling and loan management systems.
• Familiarity with microfinance regulations and compliance requirements.