Employment Opportunity
\nUchumi Commercial Bank Limited is a commercial bank providing banking and financial services to Small and Medium Enterprises (SMEs) in Tanzania. Since its inception, the Bank has recorded steady and rapid growth and is now aiming to expand its footprint across various regions of the country.
\nAs part of its growth strategy, the Bank seeks to recruit a highly qualified, experienced, and results-driven professional to fill the position of Head of Credit, based in Moshi Kilimanjaro.
\nHead of Credit
\nRole Summary
\nThe Head of Credit is responsible for providing strategic leadership and overall oversight of the Bank\u2019s credit function. This role entails managing all aspects of lending operations, credit risk management, supporting the Bank\u2019s overall strategy, and contributing to sustainable portfolio growth, effective risk management, and profitability.
\nThe Head of Credit is a member of Management Committees and thus participates in decision making through such committee meetings and ensures continuous capacity building within the credit function through training in best-practice credit analysis, credit management, and emerging data analytics trends.<\/p>\n
Reporting to:\u00a0Chief Executive Officer
\nLocation:\u00a0Moshi \u2013 Kilimanjaro
\nKey Responsibilities:<\/p>\n
Support the Bank in achieving its overall business strategy objectives by maximizing loan profitability within the defined credit risk appetite, with particular focus on Portfolio at Risk (PAR) and Non-Performing Loans (NPLs).
\nDevelop, implement, and monitor compliance with credit policies, procedures, and practices in line with the Bank\u2019s risk appetite and strategic objectives.
\nSupervise, coach, and provide leadership to teams responsible for:<\/p>\n
Credit analysis and credit quality assurance
\nCredit administration, including loan documentation and collateral management
\nCredit monitoring, collections, and centralized loan disbursement
\nSpecial Assets Management<\/p>\n
Participate actively in strategic planning, credit policy formulation, and credit quality management initiatives.
\nOversee compliance with all Bank of Tanzania (BoT) regulations and prudential guidelines related to credit.
\nPrepare and submit accurate and timely reports to the Board, Board Committees, Executive Management, and regulatory authorities as required.
\nCollaborate with Business Units, Compliance & Risk, Legal and Corporate Affairs, and Human Resources to ensure effective training and education on lending rules, policies, and regulations.
\nProvide oversight of the recovery function to ensure collections and recovery processes are effective and aligned with the Bank\u2019s objectives.
\nMaintain an appropriate balance between risk mitigation and commercial banking objectives.
\nConduct periodic self-assessments of credit risks and internal controls.
\nPerform any other duties as may be assigned by the Chief Executive Officer or the Board of Directors.<\/p>\n
Key Competencies and Qualifications:
\nEducation<\/p>\n
Bachelor\u2019s degree or Postgraduate Diploma or master\u2019s degree in Finance, Business, Accounting, Economics, Statistics, Management, Business Administration, Engineering, MBA, or any other related discipline.<\/p>\n
Experience<\/p>\n
Strong credit management and credit risk management skills.
\nExcellent analytical and problem-solving abilities.
\nSound knowledge of financial principles and banking practices.
\nProven experience in loan portfolio management.
\nStrong communication and interpersonal skills.
\nHigh attention to detail with strong organizational skills.
\nAbility to make sound decisions under pressure.
\nMinimum of 5 years\u2019 experience in credit management with at least 1 year in senior management role.<\/p>\n
Attributes<\/p>\n
Proven track record in managing credit operations within a highly competitive banking environment.
\nDeep expertise in credit analysis, deal structuring, risk mitigation, and post-disbursement loan management.
\nBroad and detailed technical knowledge of general and wholesale banking practices and procedures.
\nStrong understanding of banking business models, market management, and customer segmentation.
\nAbility to quickly understand the Bank\u2019s strategy, operating structure, and inter-departmental interfaces.
\nPreferable knowledge of competitor activities and local market dynamics.<\/p>\n
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