Working closely with the Head of Credit he /she will ensure all consumer loan applications are verified with the employers to confirm the authenticity and ability, consumer MOU reviews, relationship and PAR management
Qualifications
4 years’ experience in credit analysis in a Consumer Lending environment, debt collection and recovery
Knowledge of alternative credit appraisal mechanisms and substitute securities like chattels mortgages , guarantors , stock , livestock etc
Knowledge in accountancy is an added advantage.
Business related degree.
KEY MEASURABLE GOALS
Management of credit risks on consumer loans through verification with the employers to confirm the authenticity and ability.
Adherence to internal credit policies and loan administration procedures
Ensure that the PAR of the Consumer Portfolio is within target.
Relationship management of the designated portfolio.
Ensure high turnaround time (TAT) for all consumer proposals at the employers.
Ensuring all consumer employer relationships are maintained for prompt receipt of loan payments.
Responsibilities
Ensure all consumer loan applications are verified with the employers to confirm the authenticity and ability.
Ensure that deduction data advice forms are submitted to the relevant employers and that all loans are fully recovered in order to maintain a quality portfolio.
Ensure that payment schedules are collected from relevant employers in time to facilitate loan recovery for all disbursed loans.
Ensure that reconciliation of payment received and the expected installments is up to date for all consumer loans.
Ensure that all posting schedules for payments have been received and handed over to Credit MIS for processing.
Ensure that all consumer relations are well maintained for smooth process flow
Review all existing consumer relationships and making recommendations to the management to aid quality consumer lending.
Follow up with the branches to ensure fulfillment of ALL Consumer MOU sanction conditions and other covenants prior to disbursement of the facilities
Recommend policy reviews for customer service and risk management improvement based on experiences and industry trends
Ensure that the quality of consumer loan book is maintained within set targets.
Prepare periodic reports on performance of the consumer loan book
Ensure the team cohesively works to deliver expected objectives
Do any other duties that may be assigned by the Management.
