Credit Operations at Mayfair CIB Bank Ltd

Role Description:

Reporting to the Head of Operations, the successful candidate will be handling disbursement of credit facilities and maintenance of overdraft limits in the core-banking system while ensuring absolute data integrity since the data captured for  m strong basis for portfolio and financial performance analyses. Also handles loan repayment requests, rescheduling, booking of guarantees and bonds and other credit related processes and queries.

Key Duties & Responsibilities:

Loan Processing:

• Supervise/Verify all core banking systems (Finacle) data on (loan disbursements, overdraft and non-funded facilities marking and static data amendments) in conformance approval terms and within the provided Turn Around Time (TAT).
• Verify data entry in Finacle and ensure that data held within MIS for respective portfolios is correct i.e. interest rates, amounts, tenure, maturities, accruals etc.
• Ensure all disbursement checklists/requests are properly signed off prior to booking in the core Banking System.
• Ensures 100% collection of income streams and accurate collection facility fees, commissions, and other charges as per approval as contained in the Letters of Offer.
• Booking of guarantees and bonds in the core-banking system and collection of all fees.
• Daily banking of post- dated cheques held as repayments for various facilities.

Quality Assurance:

• Constant review of the bank loans and overdrafts portfolio to ensure that issues are identified and rectified in a timely manner.
• Absolute adherence to signed off Process and Procedure Manual, Core Banking Manual or formally escalates any gaps noted to line manager prior to inputting any data into live system.
• Escalate all unresolvable issue with line manager and follow up to ensure closure.

People Process:

• Effectively carries out the activities of the department to ensure that performance targets are achieved.
• Responsible for personal development.
• Timely address both internal and external customer queries.
• Any other duties allocated from time to time

Desired Skills and Experience

• Minimum of a Bachelor’s degree in Accounting, Banking & Finance or related discipline (with an MBA, MSC or its equivalent)
• Professional qualifications e.g. CPA, ACCA & CIMA
• Comprehensive understanding of the Credit Department and Credit products
• Knowledge of general banking practices and regulations in the country
• Strategic Planning and Management—Proven track record of planning and executing business and operational strategies
• Proficiency in Microsoft Office Suite as well as knowledge of Management reporting software with a view to qualitative reporting.
• Knowledge of International Accounting and Reporting Best Practices
• Knowledge of CBK reporting requirements and repercussions for failure to comply.
• Extensive knowledge of the Financial and Banking sector
• Financial accounting and Credit analysis and risk assessment
• Good knowledge of the country economics and market dynamics
• In-depth industry and product knowledge
• Dynamic, analytical and self-driven individual with the ability to work under pressure
• A passion for performance, team play and achievement in a competitive and dynamic environment
• Hardworking, strategically minded individual with excellent organizational and planning skills
• Strong leadership skills with demonstrated competences in championing high performance management
• Excellent planning, organization, problem solving and analytical skills
• Independent Minded and Analytical with high attention to detail