Job Objective
- Oversee the corporate’s lending course of, creating credit score scoring fashions, setting mortgage phrases and figuring out rates of interest; decrease dangerous money owed and improve revenues from loans.
Key Responsibilities
The Job obligations embrace with out limitation, the next:
Debt Recovery:
- Recover dangerous money owed from delinquent debtors.
- Obtain delinquent experiences for all assigned defaulting portfolios and handle the restoration course of.
- Reduce the non-performing loans
- Design work-out cost plans for debtors
- Develop choices and options that assure an efficient restoration course of, by devising custom-made restoration methods on a case by case foundation.
- Respond and implement the agency’s coverage points to purchasers, corresponding to fraud, breach of contract and so on.
- Maintain acceptable and complete data of buyer discussions.
- Manage all belongings (automobiles, income-generating belongings, private belongings and inventories) offered for repossession in step with the agency’s processes and procedures.
- Maintain confidentiality whereas dealing with buyer enquiries and knowledge.
- Deliver prime quality, environment friendly, responsive {and professional} service throughout the restoration course of that portraits the agency’s moral conduct.
Credit Manager Responsibilities:
- Conduct thorough evaluation of monetary statements and evaluation of credit score requests, together with new requests, modified requests, refinancing and annual due diligence.
- Acts as a liaison between monetary establishments, people and companies making use of for loans , in addition to course of mortgage application
- Research and consider purchasers’ creditworthiness
- Present evaluation, findings, and proposals to managers, particularly findings that contain a borrower’s capability to repay
- Create credit score scoring fashions, each mathematical and statistical ones that immediately relate to the chance being measured or predicted danger.
- Approve or reject mortgage requests, primarily based on credibility and potential revenues and losses
- Calculate and set rates of interest
- Monitor funds
Qualifications and Experience
- Graduate (BSc) diploma or HND in any subject.
- Having subject work expertise with minimal 5 years expertise
- Having related expertise is an added benefit.
Functional Competencies and Skills:
- Effective communication / interpersonal abilities with individuals in any respect ranges, together with capability to make use of tact, diplomacy and persuasiveness
- Strong management negotiation and downside fixing abilities
- Detailed information of required documentation and a radical information of Lien Laws that govern the transactional relationship between the Customer and the Company
- Knowledge of contract funds
- Understanding of monetary and debt evaluation
- Knowledge of micro, small and medium enterprise market.
- Attention to particulars and analytic ability
- Effective Time Management abilities
- Effective communication abilities
- Confidentiality and moral attributes
- Working information of Microsoft workplace suite
- Customer relationship administration abilities
- Working information of Business and CRM softwares particularly SugarCRM, Quickbooks.