Senior Credit Analyst at Umwalimu SACCO:(Deadline:16-08-2022)

JOB TITLE

KNOWLEDGE, SKILLS AND EXPERIENCE REQUIRED

Key Result Areas

SENIOR CREDIT ANALYST

Reports to: Credit Analyst Manager 

Department:

Credit

Age Limit: 35

• Be a Rwandan by Nationality
• Business degree or equivalent Degree;
• MBA or Qualification in loan Management
• At least 4 years’ experience in all aspects of lending i.e. risk assessment, documentation, securitization, monitoring and control of loans.

Knowledge and Skills

• Advanced knowledge in marketing and credit risk management,
• Accounting knowledge
• Excellent problem solving and decision-making skills.
• A wide knowledge in the micro finance performance
• Business growth and development
• Strong customer focus
• Ability to constantly deliver quality and value

Key responsibilities

• Continually asses the adequacy of and adherence to internal credit policies and loan administration procedures
• Thorough business assessment and proper recommendations
• Ensuring proper securitization
• Project relevant trends that affect the collectibles of the portfolio and isolate potential problem areas
• Provide management with accurate and timely information relating to credit quality that can be used for financial and regulatory reporting
• Ensuring consistent application of the internal credit policies and loan administration procedures
• Assessing credit risks on business and making the necessary recommending with regards to possible exposure
• Ensure a thorough and accurate process of analysis for loan applications that are beyond the approval of branch office limits in accordance with the Cooperative’s lending policies;
• Preliminary check of loan application for completeness;
• Improve loan applications and documentation by informing applicant of additional requirements;
• Explain to customers the different types of loans and credit options that are available, as well as the terms of those services;
• Stay abreast of new types of loans and other financial services and products in order to better meet client’s needs;
• Meet with applicants to obtain information for loan applications and to answer questions about the process;
• Obtain and compile copies of loan applicants’ credit histories, financial statements, and other financial information;
• Analyze applicants’ financial status, credit, and property evaluations to determine feasibility of granting loans and determine the degree of risk involved in lending money to them;
• Conferring with credit references to exchange credit information on clients;
• Evaluates loan applications and documentation by confirming credit worthiness;
• Approve loans within specified limits, and refer loan applications outside those limits to management for approval;
• Ensuring professional relationships are established and maintained with members;
• Maintains customer confidence by keeping loan information confidential;
• Understanding the underlying causes of default and taking proactive action to minimize default
• Closely follow up the loan repayment status, identify early changes in payment patterns and propose action to avert indebtedness;
• Perform any other duties as may be assigned by the supervisor (s)

• Acceptable credit risk ratios
• Enforce adherence to set credit policies.
• Efficiency in loan repayments
• Reduced incidence of bad and doubtful debt