Senior Credit Manager – Commercial Bank

Description:

Job Purpose

The Senior Manager’s main role will be to assess credit proposals by providing critical analytical direction and analysis of inherent risks to safeguard the best interest of the Bank. Overseeing and managing all aspects of the credit function. Oversee credit risk assessment, policy development, and credit operations to ensure the organization’s credit portfolio remains healthy and profitable.  Prepare written analyses regarding large loans, identify problematic loans, provide quarterly analyses regarding loan and lease allowances and losses, and prepare board reports.

Summary of Key Responsibilities

• Conduct in-depth credit analysis of potential borrowers or clients, assessing their creditworthiness by reviewing financial statements, credit reports, and other relevant information.
• Develop and implement credit policies and procedures to ensure consistent and effective credit risk management.
• Prepare credit file with support of RMs and facilitate approval process.
• Make credit decisions based on the analysis of credit applications, determining credit limits, terms, and conditions.
• Lead and manage a team of credit analysts, providing guidance, training, and support to ensure accurate and efficient credit assessments.
• Monitor the credit portfolio to identify and address potential risks, taking proactive measures to minimize credit losses.
• Analyse and interpret financial statements, Conduct research on country/client sectors.
• Ensure all recommendations of credit proposals to relevant Credit Committees for approval are in compliance with credit policies, desired Bank standards and within agreed deadlines.
• Lead credit risk assessment processes, including reviewing credit applications, financial statements, and credit reports to make informed lending decisions.
• Ensure compliance with all relevant regulatory requirements and industry best practices.
• Communicate credit decisions and recommendations to senior management and stakeholders.
• Build and maintain relationships with clients and borrowers, addressing their credit-related concerns and inquiries.
• Implement effective credit monitoring systems to identify early warning signs of credit deterioration.
• Prepare and present credit-related reports to senior management, highlighting portfolio performance, risk trends, and areas for improvement.
• Collaborate with other departments such as sales, underwriting, and collections to streamline credit processes and improve overall credit quality.
• Develop and execute strategies to optimize the credit department’s performance and contribute to the organization’s overall financial goals.

Required Skills and Competencies 

• Excellent written and verbal communication skills
• Strong decision-making skills, with the ability to balance risk and reward effectively.
• Effective time management and organizational skills
• Strong leadership skills
• Determined
• Target driven.
• Strong analytical and problem-solving skills

Primary Areas of Accountability:

Qualifications and Experience 

• Bachelor’s degree in finance, accounting, economics, or a related field is required.
• Master’s degree or professional certification (M. Com, MBA, MBF, CFA, CPA) may be preferred.
• Must have a minimum of 6-7 years and above of experience in credit analysis and risk management, with a proven track record of making sound credit decisions.
• Proven experience in assessing credit proposals by providing critical analytical
• Ability to assess complex financial data and make informed decisions.
• High ethical standards and integrity in handling sensitive financial information and making credit decisions.
• Ability to think strategically and develop long-term credit strategies that align with the organization’s goals.
• Ability to convey complex financial information clearly.

QUALIFIED FEMALES & THE DIFFERENTLY ABLED PERSONS ARE ENCOURAGED TO APPLY FOR THIS POSITION

If you meet the hiring requirements for the position, please email your CV in MS Word and Cover Letter clearly stating your salary expectations to: jobs@bemconsult.com & Cc bemconsult8@gmail.com   

Note that, all communications will be kept in the strictest of confidence. If you do not receive communication within 21 working days of the closing date of the advert, please consider your application unsuccessful.

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