Company Overview:
\nStargate Finance Limited is a fintech company founded in 2018 and commenced operations in 2019 in Zambia. Initially established as a microcredit provider, the company aims to expand its services to include savings and other financial products, leveraging technology to serve the Zambian market. Stargate Finance is overseen by a competent board of directors and driven by a highly skilled management team and staff.
\nRole Summary:
\nThe Credit Manager will lead the Credit & Risk Department, overseeing the evaluation of creditworthiness, managing credit risk, and ensuring full recovery of all disbursed loans. This role is pivotal in maintaining the financial health, security, and sustainability of the business through effective credit management, risk analysis, and recovery strategies.
\nKey Responsibilities:
\n\u00a0<\/p>\n
Evaluate the creditworthiness of loan applications submitted by team members.
\nSuggest and present evaluated loan applications to various credit committees.
\nReview and verify loan documentation, ensuring completeness and accuracy.
\nConduct fraud checks to prevent and detect irregularities.
\nOversee the timely processing of loan applications within a 24-hour turnaround.
\nEnsure all loan documentation complies with internal policies and regulatory requirements.
\nPrepare and verify Direct Debit and Credit Clearance mandate forms for accuracy and compliance.
\nEngage with external stakeholders, including the Bank of Zambia and other financial institutions, regarding lending policy and regulatory matters.
\nConduct assessments to identify and analyze potential loan recovery risks.
\nDefine and implement strategies to mitigate credit risk and manage loan defaults.
\nCoordinate the tracking and posting of repayments to loan accounts.
\nEnsure consistent collection on off-payroll loans through Direct Debit and Credit Clearance.
\nCollect and analyze financial data to guide lending and investment decisions.
\nMonitor repayment performance and settlement timelines, ensuring compliance with policy.
\nPrepare monthly credit, risk, and portfolio reports by the 10th of the following month.
\nEvaluate strategic credit positions and provide insights for business decisions.
\nTrain and orient new and existing employees on updated credit procedures.
\nDevelop and implement performance monitoring systems for the Credit & Risk team.
\nRecommend and update daily sales and collections reports to enhance operational visibility.
\nConvert and archive loan documents electronically for secure and efficient access.<\/p>\n
Qualifications and Experience:<\/p>\n
Bachelor\u2019s Degree in Economics, Finance, Operations Management, or related field.
\nMinimum of 4 years of work experience, with at least 1 year in the Microfinance sector.
\nProven experience in loan evaluation, collections, credit risk analysis, and recovery.
\nStrong command of Microsoft Office Suite (Word, Excel, PowerPoint, Project).
\nExcellent analytical, planning, organizational, and leadership skills.
\nDemonstrated ability to maintain confidentiality and handle sensitive matters.
\nCapacity to produce high-quality reports, including SWOT analyses.
\nPreferred Attributes:
\nCertification in Credit Management (e.g., CICM, CCMP) is an added advantage.
\nFamiliarity with PayGo industry regulations and standards in Zambia.
\nCollaborative mindset to work effectively with Sales, Marketing, Finance, and Customer Loyalty teams.
\nFlexibility to handle tasks on short notice and with minimal supervision.<\/p>\n
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