The position Reporting to the Chief Credit Officer, the Credit Manager proactively directs and administers the credit management process applicable to the bank’s loan portfolio in line with the credit policy and prudent lending practices. The credit manager is accountable for periodic credit reviews of existing clients and the assessment of the credit worthiness of potential customers with the aim of optimizing the mix of company revenues and bad debt losses.
Key responsibilities
1. Management
Management requirements of the Credit Manager include but are not limited to the following high level deliverables:
- Preparing credit reports and keeping management informed on the status of credit portfolio exposure.
- Identifying key lending issues and directing them to the right forum for deliberation, decision and guidance to initiate changes in policy and procedures.
- Enforcing and upholding the bank’s credit policy in supporting business team.
- Keeping abreast of best practice methods and trends and recommend to Chief Credit Officer.
- Managing relationships with credit reference bureaus.
- Managing, training, up-skilling and motivating staff.
2. Operations
Operational requirements of the Credit Manager include but are not limited to the following:
- Maintaining the company’s credit policy.
- Making sure that all credit applications have satisfied the credit approval standards before submission to the bank’s Credit Committee for consideration and approval.
- Administering day to day operations of credit risk analysis and assessment, highlighting areas of risk within the credit operations and the portfolio in general in a timely manner and initiate corrective action to mitigate the risk.
- Streamlining the process of credit operations in coordination with Business to assist the bank in originating high quality assets.
- Instituting systems and procedures to ensure satisfactory credit management processes.
- Analyzing credit data and financial statements to determine the degree of risk involved in extending credit.
- Conducting client visits to develop deeper understanding of businesses.
- Contributing to the development of new credit products so that all new products meet the banks and RBM lending criteria.
- Setting up and maintenance of a reliable Credit Information System to produce a quality and timely MIS to assist portfolio management and decision making process.
Desirable qualities
- Mature, articulate and responsible individual who can work with minimum supervision and goal oriented.
- Sharp analytical skills and capable of carrying out financial analysis to pick up key business and financial risks.
- A professional of good standing and a highly disciplined individual, meticulous and loyal.
- Ability to work in a fast-paced environment, to cope under pressure and deliver assignments in a timely manner.
- Excellent inter- personal skills.
- Must be a motivated self-starter, dynamic and determined.
- Willing to get hands dirty and a long term team player.
Qualification and experience
- Minimum of a first degree in banking, accountancy, finance, economics from a recognized institution of higher learning. Potential candidates with master degree will be preferred.
- At least 10 years’ experience in a similar role in a financial institution.
- Extensive knowledge of the Malawi financial sector, financial Act and RBM directives
Applications with detailed curriculum vitae and names of three traceable referees should be sent to the following address:
The Chief Executive Officer/Managing Director, CDH Investment Bank, CDH House, 5 Independence Drive, P.O. Box 1444, Blantyre.
Email : recruitment@cdh-malawi.com
Closing date for receiving applications is 23rd August 2017. Only shortlisted candidates shall be acknowledged.
