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  • Posted: Aug 24, 2021
    Deadline: Sep 7, 2021
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  • Loochi Life enhancement and Advancement Initiative also known as Loochi LEAD Centre is a membership based NGO Microfinance Institution duly registered with the Corporate Affairs Commission (CAC) with registration number CAC/IT/NO 145765 We are registered as an Affiliate Member with the Association of Non- Bank Microfinance Institution of Nigeria (ANMFIN) under the state category in accordance with the Central Bank of Nigeria (CBN) revised Microfinance Policy with affiliation No. 04/02/0069 and certificate No. 865.
    Read more about this company

     

    Head of Credit

    Location: Egbeda. Lagos

    Job Dscription

    • Evaluating and reviewing client’s credit proposal for approval or rejection based on credibility, potential revenue, and losses to maintain a good balance between returns and risk exposures.
    • Preparation of Credit Appraisal Memorandum (CAM) for Management and Board consideration and Approval
    • Conducting credit search from an approved Credit Bureau for facilities.
    • Booking of loans in line with approved terms and conditions.
    • Proper documentation and updating of the loan files.
    • Follow up and monitoring of disbursed loans to ensure a timely repayment.
    • Recovery of delinquent loans and advances.
    • New products development and review of existing ones.
    • Develop, review and update the bank’s credit policies.
    • Organize in house training for the staff
    • Render timely reports to regulatory bodies when required
    • Preparing weekly and monthly Portfolio AT Risk (PAR) with a summary of loan loss provision
    • Analyze and review large data for correctness and daily reports submission.
    • Schedule calls to customers for due loans/repayment
    • Build the company’s profile and brand image in the market through sustained campaigns.
    • Develop and manage strategic relationships with key customers in relevant market segments.
    • Lead the Bank’s deposit mobilization efforts and ensure quality risks assets are created.
    • Champion periodic planning and budget review sessions.
    • Monitor implementation and performance and ensure the development of effective strategies to address the shortfall in targets.
    • Champion the drive to increase the Bank’s market share by promoting and institutionalizing a customer service-oriented culture.
    • Monitor changing market dynamics and adapt product offerings to effectively meet these needs.
    • Perform other tasks as may be assigned by the President.

    Requirements

    • 2-5 years experience in a similar role
    • Good understanding of micro and macro-economic indices and their impact on small businesses.
    • Strong people management, mentoring, and leadership skills
    • Ability to use Microsoft Word and Excel
    • Bachelor's Degree in Business Administration, Accounting, or related fields.
    • Masters, Microfinance Certification is an added advantage.
    • The ability to use sysbanker banking software is an advantage.
    • Ideal candidates should be goal-oriented, smart, intelligent, creative, and hardworking.

    Method of Application

    Interested and qualified candidates should send an email containing their CV with the Position being applied for as the subject of the email to: [email protected]

    Note: Never pay for any training, certificate, assessment, or testing to the recruiter.

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