Job Purpose 

Support the CMU Manager in ensuring that the Bank’s need to provide adequate controls over the risks encountered in the pre- and post-credit granting stage of the credit process are satisfied by verifying key documents and maintaining tight control over Building Loans & warehousing inspection and monitoring in line with approved parameters.

Key Deliverables 

• Validate the accuracy and completeness of bills of quantities, drawings, construction contracts and related documentation provided for building loans.
• Monitor construction projects from start to finish, monitoring progress according to predetermined schedules.
• Liaise with all parties involved in construction projects including Architects, Quantity Surveyors, Engineers, Project Managers & Contractors.
• Periodic inspections of construction sites and preparation of site visit & loan monitoring call report.
• Undertake a comprehensive and robust monitoring, stock count and other activities of customers related to CMU in line with approved sanction and various distributorship schemes.
• Undertake a comprehensive and robust monitoring, stock count and other activities of customers related to CMU in line with approved sanction and various distributorship schemes.
• Undertake periodic and ad-hoc visits / spot checks to review clients’ operations and provide a comprehensive status report as stated in approved sanctions, which must include identification of potential structural weakness in clients’ operations.
• Liaise with external agents, e.g., warehousing/collateral agents etc. on behalf of the Bank and act as a checker on their activities in line with executed service agreements. Reports will be duly provided for such activities.
• Provide guidance and input in applications requiring monitoring from CMU prior to submission to Credit while simultaneously proceeding with validation of information and documentation provided by the customer.
• Ensure CMU SharePoint is updated with relevant reports and documentation as required.
• Track collections from key distributors under the various approved schemes to forestall any possible diversion of sales proceeds.
• Review account performance vis-a-vis terms and conditions of approval and ensure strict adherence.
• Verify documents and information in day-to-day work as delegated by Account Management or Credit Evaluation in line with approved turnaround time.
• Diarise and follow up on conditions of sanction/covenants as relates to the CMU function.
• Refer/escalate / flag up problematic or irregular accounts (inappropriate payment patterns, failure to meet specific covenants etc.) to Credit Evaluation and Account Management for inclusion in monthly watch list.
• Maintain a proper monitoring system and ensure that the data set is complete and accurate.
• Design reports that address the tracking and measurement of agreed account performance criteria.
• Co-ordinate monthly transaction status report to Management.
• Establish and maintain close working relationships with internal and external service providers.
• Ensure adherence and compliance to all policies, processes, and procedures.
• Any other roles or tasks to be assigned by Manager, Collateral Management Unit.

Qualifications

Knowledge

• First degree in Building Economics, Quantity Surveying or equivalent, including valid regulator accreditation.
• Sound knowledge and understanding of credit criteria, credit policies, risk and financial analysis, credit control and the application thereof
• Thorough understanding of all the bank’s product and facilities that give rise to counterparty credit risk.
• Understanding terms of the facilities and any conditions and covenants that will need to be complied with over the duration of the facility’s life.
• Understanding of the bank’s systems, policies, and procedures to optimally draw on the available information to manage and control the post-credit granting processes.

Experience

• Minimum of 3 years’ experience in a banking &/or construction environment preferably with a risk management background.

Additional Information

Behavioral Competencies:

• Checking Details
• Directing People
• Empowering Individuals
• Following Procedures
• Interpreting Data
• Making Decisions
• Meeting Timescales
• Producing Output
• Pursuing Goals
• Resolving Conflict
• Understanding People
• Upholding Standards

Technical Competencies:

• Asset Based Lending
• Contract Management
• Loan Assessment & Approval
• Loan Processing
• Mortgage Lending
• Risk Acceptance
• Risk Identification
• Risk Measurement