Credit Administration Officer at Umba

Job Summary

• The Credit Administration Officer is responsible for the end-to-end process of client onboarding and loan application processing, ensuring the accuracy of client information and evaluating creditworthiness. This role involves a thorough assessment of client applications and adherence to compliance and risk management standards.

Responsibilities

Client Onboarding:

• Receive and welcome new clients.
• Collect and maintain accurate client information and documentation.

Verification of Personal and Business Information:

• Verify the accuracy and completeness of client-provided personal and business information.
• Ensure compliance with legal and regulatory requirements.

Credit Analysis:

• Analyze the financial data of clients to determine their creditworthiness.
• Pull and review credit reports to assess credit risk.

NTSA Searches, In-Charges, Transfer of ownership a:

• Conduct NTSA searches, review in-charges, Accepting Transfer of ownership (Asset finance) for due diligence purposes.
• Process Discharge of logbook after loan clearance and Approval from the Credit Administration Manager.

Loan Application Assessment:

• Make recommendations on loan applications, including approvals, declines, or adjustments.
• Issue Offer Letters to clients.

Valuation &Cartrack Instructions:

• Issue valuation instructions for the appraisal of clients' collateral (e.g., vehicles).
• Issue Cartrack instructions for monitoring movements (e.g., vehicles).

Valuation Report & Cartrack Certificates Review:

• Receive and evaluate valuation reports and recommend loan amounts based on the Forced collateral value.
• Verify Valuation Invoices and recommend for payment through the Credit Administration Manager.
• Receive and evaluate cartrack certificates reports and verify through the GPS system.

Document Management:

• Safeguard and record original logbooks from branches/Credit Sales Officers.
• Assist in the collection and processing joint logbooks from NTSA.

Loan Document Handling:

• Receive, verify, and securely file loan documents for safe custody.
• Process collateral release requests after proper verification/Loan Settlement with Approval from the Credit Administration Manager.

Insurance Verification:

• Request Insurance Quotes and processing Insurance Premium Financing (IPF) Loans.
• Verify insurance coverage related to clients and their collateral.
• Process documentation for insurance accident claims when necessary.

Credit Underwriting Verification of;

• All signed documents
• Cartrack GPS Movement
• Confirmation of Insurance Financial Interest
• NTSA Confirmation
• Creation of Loans and have all documents uploaded via core banking system

Assisting Collection team

• Preparation of Letters
• CRB update
• Collateral release after Auction sale.
• Invoices: Preparation of Service provider(s) invoices in line to credit and recommending for approval through the Credit Administration Manager/CEO.
• Any other duty that may be requested by the management.