Head of Credit at TUME Middle Africa Consulting Limited

GENERAL JOB DESCRIPTION

The position's key responsibilities are:

• Develop a credit risk management strategy and culture that captures the market opportunities while keeping the portfolio at risk within tolerable limits.
• Spearhead development of credit and financial models such as bad debt modeling, debt collection processes, cash flow modeling and loss rate assumptions to ensure laid-down objectives are met.
• Continuously review the credit risk management Strategy, Policy and establish a regime of controls and disciplines to ensure compliance with lending principles and guidelines.
• Maintain timeliness, accuracy and adequacy of credit-related reports for senior management, board and other stakeholders. Provide recommendations, input into strategic planning.

SPECIFIC JOB RESPONSIBILITIES:

The Head of Credit will be responsible and accountable for the following core job elements:

• Continually review portfolio measures including industry limits, tenor limits, risk rating, NPLs, risk acceptance criteria, and credit risk matrices.
• Analyse appropriate Management Information Systems on Credit Risk, discretionary credit authorities, documentation exceptions, line excesses, defaults and expired limits and initiation of remedial action as necessary.
• Ensure provisioning policies are in line with the Company’s Credit Policy Document, and coordinate with the Finance department to ensure appropriate provisions and interest suspensions are affected in the accounting systems.
• Manage the Credit Appraisal system, ensure appropriate credit review proposals are undertaken on a timely basis.
• Ensure continued maintenance of a quality loan portfolio in line with the Company’s standards as stipulated in policy guidelines while minimizing the risk of losses.
• Implement new, effective portfolio risk management dimensions in line with the Company’s growth strategy.
• Implement automated processes to minimize manual interventions thereby increasing efficiencies in the delivery of credit products while monitoring and ensuring service level agreements.
• Develop and/or facilitate continuing staff training, coaching and mentoring addressing simple to complex lending skill gaps.
• Conduct industry and sector macroeconomic level surveys and surface supporting data to inform or guide senior management information and decision-making.
• Give guidance and advice on all Credit Risk Management, Administration and Policy related issues for the Company.
• Approve certain extensions of credit as required by these policies. Ensure material policy exceptions are escalated for approval by the Executive Credit Committee and/or Board Credit Committee as appropriate.

EDUCATIONAL & COLLATERAL REQUIREMENTS:

• Bachelor’s degree in finance, Accounting or related field from a recognized university and relevant professional qualifications in banking, Risk Management, Credit Management or accounting.
• Eight (8) or more years of experience in credit risk management, three of which should be at management level with exposure to modern risk management and portfolio management tools.
• Ability to translate the Company’s corporate strategy into departmental business plans and operationalize the same through a focused performance management regime.
• Know diverse lending products (both local and international) and the level of complexity inherent in those products.
• Ability to evaluate the position of solvency of a business and prudent decisions against credit application.
• Ability to present, communicate and effect essential changes to improve credit management in the Company in line with emerging micro and macro-financial developments.
• Self-starter. Strong analytical and outstanding strategic, interpersonal, problem-solving, negotiation, conflict management, communication and organization skills.
• IT Skills: MS Office particularly Excel and PowerPoint.