Experienced Position at Stanbic IBTC

Key responsibilities
• Undertake a comprehensive and robust monitoring, stock count and other activities of customers related to CMU in line with approved sanction and various distributorship schemes.
• Undertake periodic and ad hoc visits/spot checks to review clients operations and provide a comprehensive status report as stated in approved sanctions, which must include identification of potential structural weakness in clients operations.
• Liaise with external agents’ e.g. warehousing/collateral agents’ e.t.c on behalf of the Bank and act as a checker on their activities in line with executed service agreements.
• Track daily/monthly collections from key distributors under the various approved schemes to forestall any possible diversion of sales proceeds.
• Daily/monthly review of account performance viz-a-viz terms and conditions of approval and ensure strict adherence
• Verification of documents and information in day to day work as delegated by Account Management or Credit Evaluation in line with approved TAT.
• Dairise and follow up on conditions of sanction/covenants as it relates to the CMU function.
• Refer/escalate/flag up problematic or irregular accounts (inappropriate payment patterns, failure to meet turnover covenants e.t.c) to Account Management for inclusion in the monthly watch-list.
• Maintain a proper monitoring system and ensure that the data set is complete and accurate.
• Design reports that addresses the tracking and measurement of agreed account performance criteria
• Coordinate monthly transaction status report to Management
• Ensure daily monitoring of assigned key distributors’ accounts for transactions flows and activities.
• Undertake a comprehensive stock count and other activities of customers, related to CMU in line with approved sanction and various distributorship schemes
• Track collection from the key distributors under the scheme to avoid any possible diversion of sales proceeds.
• Undertake accounts performance review in relation to the credit turnover, stock coverage etc. covenants of the facility and ensure strict adherence.
• Escalate potential defaults (i.e. inappropriate payment, failure to meet turnover covenants etc).
• Confirmation of LPOs, Invoices, Payment domiciliation letters and other documents prior to disbursement on facilities within the acceptable time
• Prepare monthly transaction status report to Management
• Ensure the funding limit availed to key distributors are not exceeded
• Preparation of relevant reports as required

Key performance measures
• Delivering a prompt, efficient and quality service to Credit and other stake holders for effective decision making and adherence to agreed TAT.
• Timely confirmation of LPOs, Invoices and other documents within the agreed TAT.
• Provide effective support to stake holders in the scheme.
• Daily review of assigned customers’ account and report as appropriate.
• Monitoring the fleet utilization ratio of the bank’s financed trucks.
• Ensuring compliance with approved sanctions, product papers, credit standards and policies.