HFC Limited, an integrated property and financial solutions provider has an exciting opportunity in our Credit Division. We are seeking for talented, dynamic, self-driven and results oriented individual who is committed to performance excellence and participating in our growth strategy.
Senior Credit Evaluation Manager
Reporting To: Head of Credit
Overall Job Purpose
The Senior
Credit Evaluation Manager will provide effective
value adding risk management to assist Retail & Business Banking in
achieving their asset growth targets, whilst maintaining a quality-lending
book, through judicious and effective management thereof.He/She will deliver professional
service to the business units, by assessing and evaluating credit facilities
(new and/or existing) based on sound credit & financial principles, which
support the minimising of risk to the bank. This also includes training
& guidance with the provision of alternatives to maximize the required
growth of the debtor book with sound & intuitive lending as well as to take
timely corrective action, minimising the probability of default and/or
write-off where deterioration of circumstances has been identified.
Principle Accountabilities
- Ensure
that the Credit Standards, Credit Policy, Procedure Manual, Risk
Acceptance Criteria and Rehabilitations and Recoveries Processes are in
place and that they conform to best practice at all times.
- Evaluate
whether Credit proposals meet sound business criteria and credit risk
falls within acceptable parameters, approve and recommend appropriate
credit facilities including terms or conditions of facilities. Delegated
Authority Limit of upto Kes. 30M.
- Ensure
accuracy and reliability of approvals within advised DA, or referrals to
higher authority, on credit applications reviewed.
- Approve
draw-down of facilities (limit slips) once satisfied that all terms and
conditions of sanction and/or covenants that require action prior to draw-down
have been met and all the required security is in order.
- Identify,
quantify and evaluate sources of risk in relation to profitability of
business proposals and financial viability of Retail & Business
Banking clients as a whole, interrogates/probe.
- Utilize
Industry risk analysis available to identify and understand contextual
threats to existing and potential clients.
- Ensure
timely and quality credit assessment and decisions are made.
- Manage
adherence to the service level agreements that have been concluded.Detect
and evaluate shifts or changes in key risk parameters and evaluate the
implications of such changes on continued banking relationship.
- Issuing
of sanction letters, clearly stating the conditions and requirements of
the lending.
- Actively
hind sighting lending decisions to ensure that correct procedures are
being followed in the approval of facilities, which will prevent new
Non-performing loans.
- Regular
perusal of relevant internal & external communication, such as
circulars, economic reviews on industries, & financial or industry
publications to ensure that any development, new requirements or external
risks are properly taken cognisance off in lending decisions or conditions
of lending.
- Staff
training internally (credit staff) and externally by supporting frontline
staff with the emphasis on the requirements to make a meaningful
assessment of the credit risks involved.
- Manage
the implementation of Credit processing systems and software including,
but not limited to, Personal Application Scoring (PAS), Workflow System
(Iapply), Risk Grading (BBRS), Spreading tool; and monitor performance of
same.
- Participate
in Management Lending Committee, EXCO, Risk Management Committee and other
relevant committees as required. Present Reports and address issues
relating to the Retail and Business Banking Credit Portfolio.
- Ensure
that accounts identified as problematic are taken up with the Director of
Retail Banking to ensure that remedial action is taken to regularise the
exposure and/or downgraded to Collections & Customer
- Debt
Management or assigned to Special Assets.
- Ensure
that such accounts are placed on the watchlist in the first instance.
Minimum Qualifications,
Knowledge and Experience
- Bachelor’s
degree in Commerce, Economics, Finance,Business Administration, Education
or Social Sciencesfrom a recognized university.
- Professional
Accounting e.g., CPA, ACCA, CFA ora qualification in Analytics will be an
added advantage
- Have
atleast 5 to 7 years experience.
- Extensive
knowledge and expertise in in financial solutions within the financial
services industry.
- In
depth understanding of Credit Origination, Business Analysis, Advanced
Credit Evaluation, Credit Portfolio Management and Sanctioning of
Facilities.
- Must
have exercised a Delegated Authority Mandate.
Key Competencies and
Skills
- Evaluation
of Credit Applications
- Management
of Risk in Existing Accounts
- Problem
solving skills
- Planning
and Decision Making
How to Apply
Application Deadline
19 November 2022
Subsidiary
HFC
Job Category
Credit Risk Management