Assistant Manager Credit Securities Documentation at I&M Bank

PURPOSE:

The position is responsible for preparation, review and verification of letters of offer and internal documents. This is to ensure and maintain high quality loan book and to safeguard the Bank’s interest by obtaining timely, accurate and complete internal documentation. Additionally, tracking and monitoring of covenants and other conditions of sanction.

PRIMARY RESPONSIBILITIES:

• Review of approved credit applications and check adequacy of approvals as per Delegated Approval Matrix and Credit Policy as well as approved sanction terms.
• Review and Verification of Letters of Offer and requisite security documents.
• Assist Team Leader in preparation of pricing notices to be sent out to Bank customers.
• Team supervision in the absence of the team Leader.
• Timely resolution of all audit issues.
• Timely & Accurate provision of reports relating to letters of offer and internal documentation
• Ensure that all approved conditions and covenants advised off LOS are properly recorded and tracked.
• Prepare loan contracts between the Borrower and the Bank within the set Service Level Agreement, incorporating all the sanction terms, covenants and conditions accurately to ensure the bank’s interest are fully protected to and any financial losses are avoided.
• Review of collateral information provided in the credit application and confirmation of the same against collateral information maintained in the core banking system and legal security docket to ensure the correct security details are captured in the loan contracts, for risk mitigation and avoidance of financial and legal risks.
• Preparing requisite Internal documents within the set Service Level Agreement.
• Ensuring efficiency in tracking, scanning, delivering and dispatching approved and duly signed Letters of Offer and internal documents.
• Ensure compliance by adherence to credit policies and procedures.
• Corresponding with relationship Managers/Branch Managers and Legal department on all issues relating to preparation of Letters of offer and internal documents.
• Tracking and Monitoring of covenants and conditions of sanction through;
• Capturing covenants/conditions of sanction in the Covenant Tracker within set timeframe.
• Identifying overdue covenants/breaches
• Timely sharing of the covenants/breaches with stakeholder/portfolio owners
• Identifying and updating breaches for approvals

PERSON SPECIFICATIONS

Academic Qualifications

• Business related degree holder from a recognized University
• Business related qualification will be an added advantage, CPA, ACCA

Experience

• 3 years
• Good understanding of end-to-end credit processes
• A solid appreciation of facilities documentation relating to company and personal clients

Professional skills and competencies

• Strong Interpretation Skills.
• Strong Numeric/Analytical skills.
• Good planning and organizational skills.
• Good communication, Report writing and presentation skills.
• Good knowledge of Credit and Trade Products.
• Good understanding of the banking act and prudential guidelines.
• Good knowledge of Banking system.
• Good understanding of legal risks and laws applicable to Banking and Finance relating to lending and credits documentation
• Basic banking and fair knowledge of CBK prudential guidelines.
• Leadership qualities