Job Summary

We are currently recruiting for a Credit Manager in Thabazimbi

 

The Credit Manager will also be involved in monitoring market conditions and any regulatory changes that would require changes to credit policies, procedures, and guidelines related to SME lending.

 

 

Key Accountabilities & Duties.

Loan origination and processing

 

 

Implement loan origination strategies with lending team

 

Review and recommend credit applications and transactions within assigned credit limits in a timely manner

 

Provide independent, objective reviews and recommendation to credit applications and other matters which have been agreed to and/or recommended by the Loan Officers

 

Review all loan applications and sign off prior to submission to senior management, to ensure the completion of due diligence and adherence to the company’s policies and guidelines

 

Provide motivation for recommendations on credit transactions/applications and communicate effectively with Loan Officers to ensure rationale and decision is clearly understood

 

Write succinct credit memos or credit announcements to communicate credit perspective and rationale for new credits and credit extensions

 

Communicate with Loan Officers about specific credit applications and transactions to seek further information and modifications, if needed. Discuss appropriate structuring for the deal and criteria required for approval. Ensure that all information is credible, accurate, and relevant, including analysis and evaluation of the technical aspects (e.g., financial analysis, credit terms, structure, and collateral)

 

Review approval letters and loan agreements to ensure credit terms and conditions are recorded

 

Review and recommend disbursements according to policies and guidelines to ensure lending conditions are met

 

Support the healthy and sustainable growth of a profitable loan portfolio by ensuring the credit granting and implementation is within the company’s prescribed asset quality standards

 

Maintain records of loan applications

 

 

Monitoring and Collections

 

 

Actively monitor loans after disbursement according to guidelines and policies

 

Actively monitor the implementation of funded projects to ensure timely completion and invoicing by SMEs

 

Oversee collections and implement collection activities timeously

 

Minimise bad debts

 

Monitor and manage service indicators (response time, customer satisfaction etc) for the Credit Process

 

Manage customers complaints ( incl annual customer survey)

 

 

Reporting

 

 

Weekly, monthly, quarterly, semi-annually and annual reporting to senior management on lending activities

 

Prepare reports for Board and external stakeholders

 

 

Organisation Development

 

 

Support Loan Officers to ensure client and other stakeholder satisfaction

 

Respond to and resolve escalated issues raised by the Loan Officers

 

Standard staff management responsibilities ( Performance contracts, training etc)

 

Contribute to the development and implementation of sound SME lending guidelines and policies

 

Monitor market conditions and make recommendations for enhancements to existing policies, procedures and guidelines

 

Assess the impact of regulatory changes to existing policies, procedures and guidelines

 

Provide support in strategic projects, policy and process improvements initiatives related to the business

 

 

 

Occupational Experience & Education Requirements

 

 

Bachelor’s Degree or diploma in business or a related field

 

Minimum experience required

 

 

10 years’ experience in financial management and project management; OR

 

10 years’ experience in Credit/Loan management

 

 

Some SME lending experience is advantageous

 

Additional SME support services experience is considered advantageous

 

 

 

Knowledge, Skills & Attributes

 

 

Sound credit judgement. Ability to understand the risk return trade-off and come up with well thought-out solutions to mitigate credit risk

 

Ability to articulate complex credit applications into succinct and balanced recommendations

 

Understanding of commitment letters and other legal documents from a credit perspective

 

Financial Statement analysis experience

 

Understanding of SME lending practices and end-to-end credit process

 

Analytical skills and attention to details

 

Problem-solving capabilities and excellent organizational and time management skills

 

Proficiency with MS Office Suite of products

 

Experience working with a lending software

 

Interested candidates can send their CV