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Credit Monitoring Officer at Accion Microfinance Bank- Lagos

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Job Responsibilities
  • To check and review all disbursed loans to confirm the approved terms and conditions are correct and in line with the approval.
  • Review the checklists and documentations for completeness and accuracy based on product requirements.
  • Conduct loan utilization monitoring and review and prepare a report actionable by the decision makers.
  • Conduct periodic spot checks to client sites to confirm loan performance, utilization, customer existence etc.
  • Obtain evidence of capacity and confirm customers? continued capacity to meet loan obligation and submit report to Credit Risk Manager for input into IFRS 9 computation.
  • Review monthly turnover covenant for customers and advise customers through branches of non-compliance if there is any.
  • Keep regularly follow up with branch for the list of poor performed loans and update result in timely manner.
  • Review all loans requiring insurance compensation for timely resolution and settlement.
  • Coordination with legal department or branch on title collateral documentations and completeness
  • Maintain an effective early warning signal reporting system of credit impairments and taking corrective action.
  • Follow up with Branch Head of Operation to ensure demand notices are issue to defaulting customers promptly and timely presentation of postdated cheques.
  • Liaising with the Recovery Manager to ensure timely action where customer is identified for Loan rescheduling based on the product requirements.
  • Ensure that credit risk management practices reflect best practice, review and refine various credit risk initiatives and assist in adopting automation, streamlining processes, and identifying and implementing appropriate technology solutions.
  • Maintain Credit Risk Register
Qualification & Experiences
  • Bachelor?s degree or its equivalent in computer science, business, accounting, finance, and economics.
  • Direct experience credit operations in a bank
Key Performance
  • Proven analytical skill and ability to work with minimal supervision.
  • Ability to perform under pressure and accept varied responsibilities
  • Proven problem solving and investigative skills
  • Excellent time management skill to perform efficient and productive work
  • Proven negotiation skill
  • Ability to coordinate branch Account officers/Supervisors.
  • Good time management skill
Required Knowledge
  • Advanced knowledge of on Excel spreadsheets, Power Point presentations, Word, Outlook.
  • Knowledge of finance and banking.
  • Proficiency in speaking, writing and reading of English language.
  • Proficiency in Ms. Word, Excel, and Outlook.
To apply for this position, kindly click on the button below to fill the application form.

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