Purpose

The purpose of the job is execution of the Bank’s growth strategy in terms of Assets growth by monitoring sanctioned facilities to ensure sustenance of high-quality portfolio and compliance with sanction terms and conditions and other approval covenants.

The role holder will support Head of Credit Monitoring, Reporting and Security Documentation in driving end to end monitoring activities within the department, coordinating Credit monitoring operations and ensuring maintenance of quality Assets and compliance with credit policy and CBK prudential guidelines.

Primary Responsibilities

• Review and ensure compliance of the sanctioned financial and non- financial covenants on credit facilities granted by the bank to customers to confirm compliance and ensure there are no breaches.
• Follow up insurance policy renewals and ensure that insurance covers are done in a timely manner to ensure that bank securities are adequately insured and avoid exposing the bank to credit risks.
• Ensure monitoring of up-to-date property valuations, Land rates & rent against securities pledged on customer facilities to ensure Bank securities are adequately valued.
• Review and coordinate review of the collateral value information in the facility letters of offer and confirmation of held security coverage for collateral risk mitigation, monitoring, early warning signs identification and escalation to the relevant stakeholders.
• Monitor deferred securities and policy exceptions sanctioned to through consistent follow up and ensuring they are complied with within the set timelines.
• Review disbursed facilities to ensure accuracy of the booking and compliance with approval terms and conditions and adherence to approval covenants.
• Review performance of all the performing accounts from time to time to ascertain their health, identify any early warning signs for effective and timely remedial action to ensure sustenance of a healthy portfolio.
• Prepare Portfolio Review Reports to CRMC/BCC and during portfolio meetings for all the business segments.
• Review collections comments from time to time and intervene on sensitive accounts in terms of exposure or progression of Days Past Due.
• Maintain good coordination between the Credit Monitoring and other units, credit analysis, credit collections, DRU and business development.
• Review entire portfolio with an emphasis on the following for day-to-day monitoring purposes: arrears amount and days of borrowers, excess on limits, expired and expiring limits, follow-up on restructured loans which are to be kept under cooling period in observation of CBK regulation.
• Perform portfolio risk management by continuous follow-up of sectoral concentrations, Single Obligor Limits, and other limit thresholds as outline in the Risk appetite document.
• Ensure analysis and reporting of Overdrawn accounts reports are carried out.
• Proactively support any Bank project relating to credit monitoring aspects.
• Review and recommend modifications in the credit monitoring guidelines and Procedure manuals to support the Bank where new processes are identified or processes modified.
• Handle internal and external audits.

Person Specifications

• At least 5+ years’ experience in credit monitoring and loan portfolio management.
• A Bachelor’s degree in a business management discipline in either; finance, business and economics or related field.
• A professional qualification in CPA/ ACCA/ AKIB or equivalent.
• Excellent communication and interpersonal skills.
• Demonstrated strong organizational skills and ability to prioritize work.
• Excellent numeric skills, evaluation, and data analytics skills.
• Microsoft Proficiency- Advanced Knowledge in MS Excel (e.g., v-lookups, pivots), Strong Power Point and Outlook skills.
• Good Planning, attention to detail and result oriented.