Head of Credit at Edgewood Consulting

Role Overview

• We are looking for an experienced Head of Creditto join our dynamic team. 
• The role holder will oversee the credit function, manage credit staff, set credit limit, monitor credit portfolio, ensure timely collections of payments, monitor account receivables, developsand implement credit policies.

Role Responsibilities
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.

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

• Candidates should possess a Bachelor's Degree in related fields.
• Minimum of 5 years relevant work experience
• MCIB 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
• 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.