Job Purpose:

The Senior Manager Special Assets will play a key role in the success of the Group’s management of problem accounts with a specific focus on exposures above $ 500,000 (USD Five hundred thousand only). The role holder ensures that the high-risk portfolio is well managed to mitigate against potential provisions and achieve write backs on where provisions have been booked in the Banks’ books.

They must be well versed on matters pertaining to turning around accounts as well as recovery strategies and processes where customers have defaulted.

Job Responsibilities/ Accountabilities: 

• The Senior Manager Special Assets shall primarily be responsible for strategy setting, financial analysis, review of credit paper preparation and documentation of the department’s loan portfolio.
• Responsible for interpreting and analysing interim and annual financial statements.
• Monitoring account conduct and timely payment of facilities.
• Manage daily, weekly, and monthly reports.
• Completion of credit reference bureau checks.
• Checks and due diligence activities.
• Monitoring covenants and document material financial changes and covenant defaults.
• Liaise with Special Assets Managers to ensure accurate covenant testing and monitoring.
• Responsible for identifying, mitigating, and properly documenting risks and policy exceptions, recommending risk ratings and exposure strategies.
• Interpreting and analysing interim and annual financial statements.
• Ensuring timely submission approval of memos, interim reviews, annual reviews, and Special Assets Board Papers.
• In conjunction with the relationship teams, acts as the primary contact between the Bank and customer.
• Attending customer visits and meeting with third party vendors such as monitoring agents, consultants, and external lawyers.
• Documenting, sending, and archiving hard copy letter communications to the customer.
• Following up on receipt of signed offer letters and other required loan approval documents from the customer.
• Ensuring that all approval conditions are met in a timely manner.
• Attend customer visits and meeting with third party vendors such as monitoring agents, consultants, and external lawyers.
• Responsible for negotiating and communicating the appropriate loan restructure to customers.
• Liaising with internal customers/stakeholders to support timely delivery of the credit process.
• Support the Group Head of Special Assets when necessary.
• Complete special projects when assigned.
• Meet the department’s learning e-learning and training goals.
• Participate in the department’s team building activities.

Qualifications

Key Critical Competencies: 

• Good credit risk skills
• Good relationship management skills
• Strong analytical and numerical skills
• Strong communication and report writing skills
• Good knowledge of Microsoft Excel and other spreadsheet/database applications
• Strong planning, coordination, and time management skills
• Proficiency in use of internal IT systems.
• A minimum of five years of relevant management special assets in the corporate segment is required.
• Knowledge and understanding of Cash flow lending required.
• Ability to manage deals simultaneously.
• Clear and concise communication skills.
• Excellent interpersonal skills
• Ability to coach, mentor, train, and transfer skills to others.
• Experience in engaging senior executives in facilitating decision-making and reporting.
• Strong understanding of overall banking operations, systems, and processes.
• Strong negotiation skills.
• Willingness to travel.

Academic Qualifications and Competencies: 

• A university degree in a Business-related field. A Masters’ Degree will be an added advantage.
• A minimum of five years of banking experience in turning around accounts, recoveries and portfolio management experience.
• Loan approval authority experience.
• Any professional qualifications related to credit, business recovery and turning around accounts.
• Experience in working in banking environment will be an added advantage