Head of Credit & Business Development at Unilag Microfinance Bank

Job Description

• Mobilization of deposits from customers.
• Appraisal of customer’s credit request in the most professional manner and providing the necessary information and details to enable Credit committee members to take an informed decision.
• Ensure full documentation of all approved credits before disbursement.
• Supervision of Sales Officer to ensure maximum performance.
• Regular monitoring of all credit to ensure facility utilization is in line with an offer, condition, and approval.
• Recognition of all money, income, and fee due to the bank on all approved credits.
• Maintenance of PAR ratio within the regulatory band.
• Fully in charge of the Bank's credit and marketing targets as approved by the Board of Directors.
• Not less than 100% achievement of the Bank’s loan target, account sign-on, deposit, and income targets in line with the approved budget.
• Suggest a review of credit policy, procedure, and guidelines to reflect the current market trends.
• Development of new products to meet customers’ needs, and management of existing banks’ products for maximum performance.
• Preparation of daily, weekly, monthly, quarterly, and yearly credit reports to show the true and accurate position of the bank’s credit portfolio.
• Prompt and accurate documentation of Board Credit Committee observations a week after the meeting was held.
• Preparation of credit reports to regulatory authorities in a satisfactory manner and within the stipulated deadline.
• Resolution of all credit-related exceptions as noted by the Risk unit, Control, and Compliance unit, and the Regulatory Authorities.
• Weekly review of Sales officer's performance
• Submission of Credit and Marketing staff’s quarterly and annual appraisal within the stipulated deadline.
• Supply of departmental input into the master budget to facilitate the annual budget.
• Ensure Zero tolerance on any form of customer complaints arising from credit service failure.

Requirements

• Candidates should possess a Bachelor's Degree / HND qualification with at least 6 years work experience.