Head of Credit Business
Wallstreet Recruitment Services Limited
lagos, NG
2d ago
source : Mrjobsnaija

Wallstreet Recruitment Services Limited's job vacancy, Career and Recruitment

Job title : Head of Credit Business jobs in Lagos Job Location : Lagos Deadline : May 16, 2022

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  • Job Purpose & Main Mission

  • The Head Credit Business will oversee the Company's loan portfolio, loan approvals, loan documentation and credit risk management.
  • The job holder will provide support and direction to team members, and develop loan policies and procedures to ensure efficient operations.
  • Responsibilities

    Policies and Procedures :

  • Set up the Credit Business Department. Identify, draft, develop and implement operational processes, policies and guidelines related to portfolio management, credit and other corresponding functions.
  • Ensure that business development and relationship management is done in accordance with the Company's credit guidelines.
  • Work with senior management on the determination of overall loan portfolio composition and the management of concentrations.
  • Operations :

  • Drive business plans and strategy. Launch new products in the market periodically to deliver on business growth strategy.
  • Exercise oversight of the internal credit risk review process for adequacy of risk ratings, regulatory compliance, loan policy conformance, and recovery of problem loans and the disposition of foreclosed assets.
  • Manage sector / industry specialists to forecast the economic climates, identify niche areas for credit growth,risk mitigation etc.
  • Build a good credit portfolio of corporate advances through high quality appraisal.
  • Take lead in bringing process changes for faster delivery and customer delight.
  • Develop a process to systematically and aggressively follow-up non-performing and unsatisfactory accounts in order to reduce exposure and maintain loss experience to a minimum.
  • Monitor and measure department performance with appropriate metrics.
  • Asset Management :

  • Ensure credit expansion happens retaining the asset quality.
  • Manage underwriters, obtain insight for analyzing the credit condition of the borrower / sponsor and / or project and additional information related to the borrower relationship.
  • Monitor report on the overall portfolio, including and not limited to assessing asset quality, stress testing, industry and market analysis, asset allocation,reserves and non-performing loan analysis. People Management
  • Manage, train, up-skill, motivate and retain team members to ensure a profitable outcome for all. ? Mentor and coach team to ensure the success of Credit Services.
  • Requirements

  • First Degree in a relevant field from a reputable institution
  • Minimum of 10 years commercial lending experience including corporate or commercial account management, credit adjudication experience;
  • underwriting of corporate, SME & retail products and services.

    Personal Qualities Required :

  • In-depth knowledge of end to end credit administration including processing of proposals, credit analysis,restructuring,syndication etc.
  • Strong understanding of operational, legal and credit risk across the full range of industries. ? Strong project appraisal skills and ability to translate desired business concepts to actual processes for implementation.
  • Thorough understanding of local laws and regulator guidelines and procedures for Credit Facilities. ? Entrepreneurial and fearless spirit, with great prospecting skills.
  • Proven ability in developing strong relationships and partnerships with customers and relevant stakeholders.

  • Result-driven with an ability to think strategically and creatively with an innovative mindset that is constantly looking for ways to improve things.
  • Strong interpersonal skills with a collaborative and flexible work style.Willing to travel and engage with our customers at various locations
  • Accounting / Financial Services jobs in Nigeria *Accounting / Financial Services jobs in Lagos *Head of Credit Business in Lagos
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