Credit Officer at Tsenda

Key Responsibilities:

Credit Evaluation and Approval:

• Review and assess credit applications submitted by clients for import financing.
• Analyze financial documents, including income statements, bank statements, and credit histories, to determine creditworthiness.
• Ensure that all credit applications comply with internal credit policies and financial regulations.

Risk Assessment:

• Conduct thorough credit risk assessments for prospective clients, evaluating potential risks and mitigation strategies.
• Recommend appropriate credit limits and terms based on client profiles and risk evaluations.

Loan Disbursement Coordination:

• Work closely with the Finance and Operations teams to facilitate the disbursement of approved loans for asset financing.
• Ensure that all documentation, collateral, and guarantees are in place before loan disbursement.

Client Communication and Support:

• Communicate credit terms and decisions to clients in a clear and professional manner.
• Guide clients through the loan application and approval process, answering any questions or concerns.
• Maintain strong client relationships by providing ongoing support and assistance with credit-related inquiries.

Credit Monitoring and Collection:

• Monitor active loans to ensure timely repayment and adherence to credit terms.
• Identify and address potential credit issues or late payments, working with clients to develop repayment plans if necessary.
• Assist with collections processes for overdue accounts, working closely with the Finance team to mitigate credit losses.

Reporting and Documentation:

• Maintain accurate and up-to-date credit records and documentation for all clients.
• Prepare regular reports on credit activity, loan performance, and risk exposure for senior management.

Qualifications:

• Bachelor’s degree in Finance, Accounting, Economics, Business Administration, or a related field.
• 2+ years of experience in credit analysis, loan processing, or credit risk management, preferably in asset financing or banking.
• Strong understanding of financial analysis, credit risk assessment, and loan processing.
• Familiarity with credit regulations, loan products, and collateral management.

Skills:

Analytical Thinking:

• Strong financial and analytical skills with the ability to evaluate credit applications and make sound decisions.

Communication:

• Excellent communication skills, both written and verbal, with the ability to explain credit terms and processes clearly to clients.

Attention to Detail:

• Highly detail-oriented and organized, ensuring accuracy in credit evaluation and loan documentation.

Problem-Solving Skills:

• Ability to identify potential credit risks and develop solutions to mitigate them.

Team Collaboration:

• Ability to work effectively with internal teams, including Finance, Operations, and Sales, to ensure smooth credit processes.

Preferred Experience:

• Experience in asset financing, particularly for vehicles, healthcare equipment, or other high-value assets.
• Familiarity with MPESA and other mobile payment systems.
• Experience in loan management software and Microsoft Office (Excel, Word, etc.).