Alan & Grant, is a Human Resources and Business Advisory firm. By combining creative and strategic minds, we co-create relevant and impactful solutions to our clients.
...additionally, we are developing capabilities to create and manage a portfolio of HR & Enterprise Products aimed at enhancing employee performance, business agility and overall pr...
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Our client is a leading Microfinance Bank in Nigeria providing micro-banking services to individuals and SMEs.
Job Summary
The Head, Loan Monitoring is responsible for leading the Bank's post-disbursement loan monitoring function to ensure that all credit facilities are utilized for approved purposes, repayments are made in accordance with agreed schedules, portfolio quality is maintained, and emerging credit risks are promptly identified and managed.
Key Responsibilities
Develop and implement the Bank's loan monitoring framework, policies, and procedures.
Supervise the monitoring of all disbursed credit facilities from disbursement until full repayment.
Ensure post-disbursement verification visits are conducted to confirm proper utilization of loan proceeds.
Monitor repayment trends and identify early warning indicators of potential loan defaults.
Ensure prompt follow-up on overdue accounts and coordinate appropriate recovery actions.
Review portfolio quality reports and recommend strategies for reducing portfolio at risk (PAR).
Conduct periodic reviews of loan covenants, collateral adequacy, and customer compliance with approved loan conditions.
Prepare comprehensive portfolio monitoring reports for Executive Management and the Board Credit Committee.
Collaborate with Credit Management, Recovery, and Legal Services to resolve delinquent loan accounts.
Monitor sectoral, geographic, and product concentration risks within the loan portfolio.
Recommend restructuring, rescheduling, or other remedial actions for distressed facilities where appropriate.
Requirements
Bachelor's Degree in Banking & Finance, Accounting, Economics, Business Administration, or related field.
Professional certification such as ACIB, ACA, ACCA, ICAN, ANAN, or related qualification.
Minimum of 10 years' experience in credit administration, loan monitoring, recovery, or risk management within a financial institution.
Minimum of 5 years in a supervisory or managerial role.
Strong knowledge of lending operations and portfolio management.
Knowledge of regulatory requirements governing lending activities.
Proficiency in Microsoft Office Suite and core banking applications.
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