Credit Risk and Monitoring Officer at Transkredit Finance Limited

Transkredit Finance Limited was founded to fill a financial inclusion gap in accordance with the Maya Declaration, a worldwide campaign for responsible and sustainable financial inclusion that strives to eradicate poverty and maintain financial stability for the benefit of all. We have made it our mission to give simple access to credit for every eligible adult and respectable organization in Nigeria and beyond, using innovation and a diverse range of products customized to their specific requirements.

Title: Credit Risk and Monitoring Officer

Location: Wuse 2, Abuja (FCT)

Employment Type: Full-time

Roles and Responsibilities:

• Provide comprehensive guidelines for monitoring and managing information related to existing exposures to facilitate well-informed decision-making.
• Review customer files meticulously to ensure the completeness of all required documentation and security documents before granting credit availment.
• Track and compile credit information for all involved parties in the credit creation process, enabling effective monitoring of credit exposure and credit portfolio performance.
• Evaluate the credit quality and performance of existing exposures, categorizing them according to the organization’s guidelines.
• Continuously monitor borrowers’ adherence to credit terms following disbursement.
• Develop and implement an early warning system to identify and report signs of deterioration, irregularities, and non-performance in credit facilities.
• Establish and maintain a system for identifying loans due for repayment and promptly communicate this information to relevant business units for customer follow-up.
• Monitor and track loan repayments.
• Generate reports on credit exposure categorized by risk grade.
• Ensure that problematic credits undergo regular review and monitoring, submitting progress reports on such credits to senior management in a timely manner.

Credit Applications:

• Process credit applications and provide recommendations, highlighting any pertinent risk issues related to the credit decision.
• Justify credit decisions through both verbal and written communication.
• Provide initial feedback on prospective and existing customer requests to dealers and Account Relationship Managers.
• Offer constructive feedback on the work produced by fellow Credit Risk Analysis team members.
• Ensure swift processing of credit requests and maintain an updated Credit Application Status Log on a daily basis.

Compliance and Audit Readiness:

16. Contribute to the compliance and audit readiness of the Credit Risk Analysis team by ensuring:

• All customer and internal correspondence meets high-quality standards.
• Files, paperwork, and systems are maintained in accordance with organizational requirements, formats, and standards.
• Adherence to a clear desk policy and familiarity with GDPR regulations.
• Preparation of annual credit reviews and review date extension requests before expiry.
• Comprehensive product and portfolio knowledge is acquired and maintained.
• Strict adherence to credit and other relevant policies and procedures.
• Diligent handling and timely response to regulatory and audit requests/queries.

Credit Portfolios:

• Develop and maintain a comprehensive understanding of your client portfolio from every angle.
• Monitor the risk associated with client portfolios to ensure they align with the Credit Policy and the Risk Appetite Statement.

Skills and Abilities:

• Candidates should possess at least a Bachelor’s Degree, and a Master’s Degree in relevant fields is preferred.
• Demonstrated ability to think creatively and find innovative solutions.
• Strong teamwork skills, with the ability to work effectively in a collaborative environment.
• Proficiency in presenting information and managing relationships with senior stakeholders.
• Excellent communication skills, including experience in communicating with senior leadership.
• Attention to detail, commitment to quality, and accuracy in work.
• A drive for continuous improvement and a proactive approach.
• Demonstrated interest and proficiency in financial modeling.

Technical Skills:

• Excellent proficiency in Microsoft Excel, Word, PowerPoint, and Outlook.
• Experience using Credit Risk Management systems/packages.

Deadline: 12th October, 2023.

How to Apply: Interested and qualified candidates should send their Applications to: [email protected] using the Job Title as the subject of the mail.