Loan Review Officer at Wema Bank Plc

Job Purpose:

• To objectively appraise loans and to ensure compliance with established Credit Policies and Procedures as well as extant Government laws and regulations.
• To also proactively identify early warning signals of would be delinquent credits for quick remediation.

JOB RESPONSIBILITIES

• Performs regular loan portfolio reviews based on risk and/or size of all credit types.
• Ensures acceptable credit standards are maintained (verifies lien perfection, repayment capacity and collateral adequacy etc.)
• Ensures Risk Asset creation conforms to the bank’s lending policies and procedures. Also, ensure compliance with relevant State and Federal laws and regulations
• Ensures the creditworthiness of the loan portfolio, identify and report anomalies/ emerging risks that merit the review of the lending practices and/or adverse asset classification.
• Identify problem loans and work to ensure quick remediation
• Reviews bank’s processes (loan approvals, policy exception reporting, supervisory loan to value limits, underwriting, covenants, reporting, etc.)
• Determines if proper approval procedures and loan authorities were adhered to before disbursement
• Do periodic performance review to ascertain that loans are meeting expectations
• Verify the quality, completeness and accuracy of supporting loan documentation and analysis
• Periodically reviews files for appraisals, deeds of trust, UCC filings, perfection on liens, collateral evaluations and valuations etc.
• Aid Relationship Management and other SBU (Credit administration, FINCON, Account officers) on loan related accounts.

QUALIFICATION

Below are qualifications required to work as a Loan Review Officer

• Bachelor’s degree in Business related field with emphasis in quantitative background e.g. finance, accounting, Business Administration or Statistics
• Professional qualifications such as ACA, ACCA, ACIB, CFA etc. will be added advantage
• A minimum of two-year experience in Loan Review or Credit and marketing functions.
• Good knowledge of Core Banking Application – Finacle and Windows based PC (MS Word/Excel/PowerPoint/Outlook/ Power BI) Working Conditions.
• Knowledge of Credit/Lending laws and regulations
• Strong analytical, technical and statistical skills
• Sound working knowledge of accounting principles and financial statements
• Strong report writing skills
• Capability to effectively present information and respond to enquiries.
• Strong integrity in all areas, adhering to policies, regulations and utmost ethical and legal standards
• Uphold confidentiality and privacy of findings in all situations
• Interact and communicate effectively with personnel at various levels of the organization

Others

• Duties are performed in an office/ remote environment in a professional business setting.
• Position involves occasional travel to bank’s locations outside the Headquarter for credits examination reviews.
• It also entails routine visits to obligors’ offices and warehouses; projects being financed and on the spot assessment of collaterals.