Credit Availment Officer
First Bank
lagos, NG
5d ago
source : Mrjobsnaija

First Bank's job vacancy, Career and Recruitment

Job title : Credit Availment Officer jobs in Lagos Job Location : Lagos Deadline : June 27, 2022

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  • Credit Availment :

  • Ensure compliance with conditions precedents to drawdown on all approved credits / Bonds & Guarantees (B&G).
  • Verify Relationship Teams' confirmation of compliance with transaction dynamics for approved credits / Bonds & Guarantees.
  • Recommend loan set-up and availment of lines to Verification and Availment Manager upon confirmation of compliance with stipulated approval limits.
  • Ensure timely communication of approved loan set-up and availment to the BU / CPC / RPC.
  • Analyse and advise Relationship Management, exceptions on confirmation of conditions precedents to drawdown and transaction dynamic in small-large sized transactions
  • Liaise with Business Units on resolution of incomplete documentation or unavailable documents on corporate loan workflow.
  • Monitoring of Deferrals and Waivers :

  • Review approved deferrals and waivers for compliance with policy
  • Maintain database of imminent & expired deferrals
  • Short-dated booking of deferrals
  • Monitor deferrals for regularization
  • Collateral Document Collection :

    Collateral Reviews :

  • Ensure approved collateral documents are received bank-wide for onward delivery to Legal Services Department for perfection and safe keeping of the original at the Collateral Repository.
  • This is to cover all facilities to be booked on Finacle whether appraised by CAP or approved by the GH / RH / GEs under approved product programme.

  • Assess the adequacy of collaterals for transactions consummated at Business Unit levels.
  • Collateral Perfection Tracking :

  • Ensure approved collateral documents are received bankwide for onward delivery to Legal Services Department for perfection and safe keeping of the original at the Collateral Repository.
  • This is to cover all facilities to be booked on Finacle whether appraised by CAP or approved by the GH / RH / GEs under approved product programme.

    It is after this that availment ticket will be issued for CPC to book the loan.

  • Assess the adequacy of collaterals for transactions consummated at Business Unit levels.
  • Follow up with RMs to ensure complete documentation are provided for perfection.
  • Confirmation of collateral documentation adequacy with Legal Services for prompt perfection of collaterals and up stamping of same where necessary.
  • Valuation Report Review :

  • Review of valuation reports of assets for collateral adequacy and ensure no valuation is stale
  • Receive copies and file as appropriate
  • Ensure confirmation of sighting valuation report and collateral inspection form priori to disbursement.
  • Insurance Policy Review :

  • Ensure collateral insurance policy is in place prior to drawdown
  • Escalate insurance policy exceptions where applicable.
  • Education :

  • Minimum Education : First Degree in Law or any field plus additional qualification in business related discipline.
  • Experience :

  • Minimum experience : 2 - 3 years banking experience.
  • Key Competency Requirements :

    Knowledge :

  • Bank's Products dynamics & offerings
  • Banking structure, policies and procedures
  • Banking industry knowledge and trend
  • Basic Financial planning and analysis
  • Use of banking application
  • Core Business Processes
  • Data Gathering and Analysis
  • Regulatory Compliance
  • Banking Operations
  • Extensive knowledge of First Bank's services / products
  • Relationship management
  • Basic Credit knowledge.
  • Skill / Competencies :

  • Excellent Interpersonal skills
  • Effective communications skills (written and oral)
  • Must be self- solution driven, proactive and have acceptable knowledge of the business environment
  • Adequate attention to details
  • Reasoning and analytical skills
  • Customer relationship management
  • Internal customer relationship Management
  • Good knowledge of credit documentation
  • Excellent presentation skill
  • People management & development skill
  • Enjoy networking and alliance building.
  • Accounting / Financial Services jobs in Nigeria *Accounting / Financial Services jobs in Lagos *Credit Availment Officer in Lagos
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