Credit Officer at Commodities Fund

COMFUND/ADVERT/CRO/01/2018

Overall Job Purpose

Reporting to the Manager Credit and Resource Mobilization, the Credit Officer is responsible for the entire credit administration process, including the consistent application of a credit policy, periodic credit reviews of existing customers, and the assessment of the credit worth of applicants & collections to meet set targets & minimize Portfolio while maximizing volumes, sustainability and profitability

Job Responsibilities

• Manage the business relationships & portfolio of intermediaries while growing a high quality loan book.
• Receive and appraise credit applicants and proposals from farmers.
• Make appropriate recommendations to the Credit manager following credit appraisals and advise the intermediaries with reason for unsuccessful applications.
• Ensure appropriate securities documentation in line with the Fund’s Credit Risk Management policy.
• Prepare and submit disbursement request to the Credit Manager and follow up for approval with credit committee.
• Liaise with the Finance department for disbursements to farmers;
• Ensure that all pertinent reports and supporting documentation required from the farmers are received on time, analyzed and submitted to the appropriate departments.
• Design appropriate field monitoring missions involving the farmers within their catchments and submit timely reports.
• Develop a loan recovery programme for outstanding loans and ensure timely remittance of repayment to the Fund and provide recommendations on strategy to adopt with respect to default cases.
• Contribute to product development to ensure that credit risk exposure is minimized
• Review the loan portfolio on a regular basis and give recommendation on areas of improvement or remedy
• Keeping abreast of issues related to compliance, legal, and market-risk involved in the endorsement of credit
• Manage assigned projects within the Credit department;

Any other duties that may be assigned from time to time by the supervisor

Qualifications & Experience

• Minimum Diploma in Business Related Field/ Agriculture studies or any other relevant course.
• Minimum one (1) year relevant working experience in Credit Appraisal & Administration in a reputable financial institution
• Relevant professional qualifications e.g. CIFA, CPA, ACCA, CCP (Minimum Level 1)
• Post Graduate qualification in Credit Management or its equivalent is an added advantage
• Experience in working with an Enterprise Resource Planning System.
• Results-orientated, adheres to turn around times/deadlines.
• Strong Credit Analytical skills
• Team player, approachable, self-motivated.
• High level of professionalism, integrity and honesty.
• Good Communication and negotiation skills
• Must satisfy the requirements of chapter six of the constitution