SALARY: Very Competitive
About
the Job
The
LENDING COMPANY has built a mobile super app and loan products that have the
potential to transform users’ lives, uplifting them from poverty and out of
harm’s way. Our charter is to drive innovation by building products that will
significantly impact the accessibility and scalable administration of student
loans for vulnerable young people worldwide while safeguarding and empowering
them professionally and emotionally. You will be the one who has the
responsibility of ensuring the growth of the LENDING COMPANY loan book in Kenya
while minimizing risks.
You
will be working in a diverse team, and bridging the many cultural differences
requires a tenacious positive attitude and willingness to go the extra mile to
ensure COMPANY’s and THE LENDING COMPANY’s financial stakeholders are
comfortable with the app’s progress. If needed, you will be highly comfortable
communicating and coordinating progress with our team and even leading
sub-projects.
You will have frequent meetings with COMPANY’s C-Suite and interact with the LENDING COMPANY Loan Committee, where you will be the at least once a quarter/investors/partners where it is necessary to demo the app’s progress. You will be able to contribute meaningfully to the creative and technical discussions in the build process. Collaborate with all the other COMPANY teams and partners. Finally, you will be responsible to manage and mentor the LENDING COMPANY ambassadors tasked with facilitating the borrower onboarding experience in support of the credit team.
We’re
looking for a pro in credit management, someone who knows their stuff and can
handle the complexities of diverse cultures with ease. The job is a big deal,
involving both strategic planning and day-to-day management of the Lender’s
credit function. The perfect fit will be in charge of guiding our credit
operations, making sure they match up with the big goals of the organization.
Responsibilities
- Take strategic and operational ownership of the LENDING
COMPANY’s credit function, including policies, systems and processes to
achieve quality growth in accordance with the bank’s strategic plan.
- Provide overall leadership and management to at least three
loan officer direct reports and other junior staff (THE LENDING COMPANY
ambassadors) and maintain a high-performing and motivated team that meets
clearly established targets.
- Provide prompt guidance, mentoring and coaching to all credit
staff and junior staff across the LENDING COMPANY.
- Identify staff training needs of credit teams and ambassadors
in the LENDING COMPANY and implement appropriate credit upskilling.
- Undertake performance planning, monitoring and review for the
credit team.
- Review processes and procedures-regulatory reviews and
strengthen the LENDING COMPANY’s credit processes, including credit risk
assessment and portfolio risk management and reporting.
- Grow a quality loan book-quality and assess with prudent
decision in all loan applications within the discretionary lending limits
while minimizing risk.
- Ensure that the credit team complies with Turn Around Times
and Service Level Agreements as agreed with partners.
- Provide technical support on developing new and reviewing
existing credit products.
- Increase efficiencies in the credit processes to minimize
manual interventions.
- Understand Credit Administration and Portfolio Performance
Management of the LENDING COMPANY loan book using quantitative and
qualitative tools.
- Ensure compliance with established/approved credit risk policies
and procedures, the LENDING COMPANY’s credit policy, the Kenyan Data
Protection Act and all digital credit regulations.
- Ensure correct classification of the loan book in accordance
with prudential guidelines and IFRS.
- Continually adjust to changing market dynamics by adjusting
risk rating, NPLs, risk acceptance criteria and credit risk matrices.
- Be responsible for quality assessment and prudent
decision-making for all the LENDING COMPANY loan applications within
discretionary lending limits.
- Provide technical support on developing new and reviewing
existing credit products.
- Monitor loan performance of loan facilities, grading and
provisioning in line with prudential guidelines and IFRS.
- Ensure timely generation of reports for credit portfolio
analysis, and provide timely reports to the regulator, internal auditors
and comptroller.
- Ensure collections and recoveries are made promptly according
to the LENDING COMPANY policy.
- Manage relations with collections agencies.
Minimum
Qualifications
- University degree in Economics, Mathematics or a
business-related degree from an accredited university.
- Professional qualifications in banking such as AKIB,
Accredited Credit Courses, and ACIB. ACCA.
- Master’s degree in business or a related field will be an
added advantage.
- A minimum experience of 10 years in a busy financial
institution, five of which must be in senior management.
Minimum
Experience Requirements
- Knowledge of credit processes.
- Knowledge of digital lending regulations.
- Good underwriting and credit management skills.
- Analytical skills.
- Working knowledge of the business operating environment,
banking, local and world economic environment.
Personal
Attributes
- Self-driven, flexible, and detail-oriented.
- Adept at high-stakes decision-making and negotiation.
- Highly motivated and dedicated to the project, willing to go
the extra mile to meet deadlines.
- Comfortable with working across multiple geographies and in
cross-cultural environments.
- Highly motivated and dedicated to the project.
- Comfortable with working across multiple geographies and in
cross-cultural environments.
- Committed to working for THE LENDING COMPANY in the long term.
Preferred
Experience
- Experience in leading high-performing teams.
- Proven track record of managing a well-performing book.
- Ability to make timely decisions that are in the best interest
of the COMPANY.
- A great team player who will embrace the COMPANY’s vision and
run with it.
- Take ownership of all matters of credit at THE LENDING
COMPANY.
Our
Virtues
Before
joining any team, a candidate should consider whether they would be a fit for
the culture we have built among our team. Below are our five core virtues.
- We’re passionate. We passionately believe in our goals and are
impatient to reach them.
- We’re courageous. We’re comfortable being uncomfortable
because our mission is uncomfortable.
- We pay attention to details. We demand excellence in whatever
we create; we achieve it through collective responsibility and generous
support for each other in all our work areas.
- We honor our word. We make deliberate commitments, document
them impeccably internally and externally, and constantly plan for risks
to ensure we don’t break them.
- We think critically. We encourage dissent within our team; our
mission requires us to be vocally reflective to iterate better solutions.
How
to apply:
Send
your application and updated CV to recruitment@sheerlogicltd.com –
to be received on or before 21/05/2024. Kindly indicate
the job title in the subject line: HEAD OF CREDIT
