Job Summary
On behalf of First Multiple Microfinance Bank Limited (FMMFB), BlueBrain Services Ltd is looking to hire an experienced Head of Credit to manage the full credit cycle from Credit Application and Approval to recovery. S/he will maintain a healthy Assets book in quantity and quality and will contribute to the high performance and Profitability of the business.
About the Hiring Organisation
First Multiple Microfinance Bank Limited is a contemporary microfinance bank licensed by the Central Bank of Nigeria in 2009. The bank provides traditional microfinance services to customers as well as support to smallholder farmers through cooperative micro-lending schemes that focus on enhancing smallholder farmer productivity and capacity in the Agribusiness space.
Job Purpose
The Head of Credit is responsible for the overall credit function of the bank. S/he will be part of the top management of the Bank and will be charged with the responsibility of establishing internal controls and processes for the credit desk and assessments, restructuring, monitoring, and recovery.
Job Description
- Own and drive the evaluation of the credit worthiness of potential customers, creating credit scoring models for risk assessments and approving or rejecting loans based on available data.
- Direct analysis and credit policies that target SHF, Micro-traders, MSME and Corporates.
- Own and drive adherence to credit policies, procedures, and regulatory requirements and corporate governance.
- Drive credit department through data guide business direction and credit risk appetites.
- Drive the continuous improvement of internal credit guidelines and policies in response to changing markets or industry outlook.
- Continuously Identify credit opportunities to expand business appetite for more risks.
- Use dashboard indicators that support monitoring of credit exposure levels.
- Recommend and drive credit restructuring options for depressed loan accounts.
- Effectively manage overall loan quantity and quality. Escalate PAR to internal stakeholders for action based on review of credit portfolio. Lead periodic credit reviews and actions taken to ensure exposure to non-performing accounts are managed.
- Establish effective credit risk management frameworks and methodologies.
- Participate in financial budgeting processes to acquire funds for operations.
- Manage staff matters and lead in recruitment and retention efforts.
- Perform any other duties and responsibilities as may be assigned from time to time by the Senior Management.
Competencies Required
- Bachelor’s degree in accounting, business administration, finance, or a similar field.
- Experience working in a similar position in a busy environment.
- Credit Desk Operations.
- Proven work experience as a credit manager.
- Good understanding of Prudential Guidelines.
- Good understanding of lending procedures
Equal Opportunity Employer Clause
BlueBrain Services IS AN EQUAL OPPORTUNITY EMPLOYER. It is our policy to provide equal employment opportunity to all persons, regardless of age, race, religion, color, national origin, gender identity, genetic information, sex, sexual orientation, political affiliation, marital status, non-disqualifying physical or mental disability, membership, or non-membership in an employee organization, or on the basis of personal favouritism or other non-merit factors, except where otherwise provided by law.