Officer; Credit Administration (Fixed Term \u2013 2 years) (1 Position(s))
\nJob Location :
\nHead Office, Hq
\nJob Purpose:
\nThe primary responsibility of this role is to Oversee and Manage the loan documentation process for credit facilities, ensuring accuracy, compliance, and efficiency throughout the entire Credit lifecycle.
\nMain Responsibilities:<\/p>\n
Review and process loan documents (offer letter and terms of reference) timely and accurately as per the approvals.
\nCoordinate, support, guide business unit on security documents submission to the legal department for security documents preparation and perfection at relevant authorities within the agreed TAT.
\nReview all the condition precedents as per the approval. Ensure that no booking is affected into the system prior to meeting all the conditions present unless there is an approval to do otherwise.
\nAssist in reviewing drawdown memos by ensuring that Conditions Precedent (CP\u2019s) have been complied with, and legal opinions are in place before sending drawdown memos to Credit Operations.
\nParticipate in tracking and follow up of the exceptions approved by relevant authority and ensure no long pending outstanding security documents without being finalized\/closed.
\nReview all the conditions subsequent as per the credit approval. This includes, among others, timely payment of land rent on properties held as security and timely renewal of insurance covers to safeguard bank collateral.
\nTest all the financial covenants as per the approved thresholds and testing frequencies.
\nReview portfolio status and communicate to business any facilities that are due for renewal of credit facilities to avoid unnecessary extensions.
\nMonitor and identify signs of deterioration on individual names with a view to commence early remedial management of these accounts and thereby minimize loan losses thus directly contributing to the bottom line.
\nUpdate all the collaterals timely and accurately into the Collateral Management tool (CMT).
\nFacilitate loan collateral discharge and release for facilities which have been fully paid off.
\nPerform all the annual reviews assigned by the Manager\/Senior manager.
\nMaintain accurate records and documentation for all loan transactions.
\nProvide support to branches and customers inquiries\/queries. Ensure timely response to the queries raised, track them and diarize on action taken and resolution.
\nStay updated on industry regulations and best practices related to loan documentation.
\nMaintain accurate records and documentation for all loan transactions.
\nConduct audits and quality checks to ensure compliance with internal procedures and regulatory guidelines.
\nPerform any other duties as assigned by Senior Managers, and Head of Department.<\/p>\n
Knowledge and Skills:<\/p>\n
Business Administration, Corporate Management, Corporate Law, Banking and Finance, Land Law, solid understanding of relationships between the laws and furthering business interests.
\nTechnical Banking, legal and lending procedures, and policies, guarantee schemes, corporate lending, market best practices in lending procedures.
\nBehavioral Attention to detail.<\/p>\n
Qualifications and Experience:<\/p>\n
Bachelor\u2019s degree in Banking, Business Administration, Finance, Accounting, Commerce, Law, Economics or related fields.
\n1 year working experience in Banking preferably in credit Functions.NMB Bank Plc is an Equal Opportunity Employer. We are committed to creating a diverse environment and achieving a gender balanced workforce.
\nFemale candidates and people living with disabilities are strongly encouraged to apply for this position.
\nNMB Bank Plc does not charge any fee in connection with the application or recruitment process. Should you receive a solicitation for the payment of a fee, please disregard it.
\nOnly shortlisted candidates will be contacted.<\/p>\n
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