Head of Credit at Ultraviolet Microfinance Bank

At Ultraviolet Microfinance Bank, we offer a comprehensive suite of tools and features that cater to every aspect of your lending business, from origination to repayment. Small businesses, cooperative societies and leading players in the financial services have trusted our digital products to help configure customizable loan products and term, manage risk and compliance with ease, provide a seamless borrower experience and scale lending operations efficiently. We have fused all these capabilities together to be a brand that helps you streamline your lending process, reduce complexity, and increase productivity. Our goal is to empower you to focus on what matters most - growing your business and serving your customers.

We are recruiting to fill the position below:

Job Title: Head of Credit

Location: Abuja (FCT)

Job Description

• The Head of Credit is responsible for overseeing the credit operations of the microfinance bank, ensuring sound credit risk management, and maintaining a high-quality loan portfolio.
• This role involves developing credit policies, leading the credit team, and ensuring compliance with regulatory requirements and internal policies.

Key Responsibilities
Credit Policy Development:

• Develop and implement credit policies and procedures to ensure prudent lending practices.
• Regularly review and update credit policies to align with regulatory changes and market conditions.
• Ensure policies are effectively communicated and adhered to across the bank.

Credit Risk Management:

• Assess and manage credit risk, ensuring the bank maintains a balanced and high-quality loan portfolio.
• Establish and monitor credit limits and exposure levels to minimize risk.
• Conduct regular portfolio reviews to identify and address potential risks.

Loan Approval and Evaluation:

• Oversee the loan approval process, ensuring timely and accurate credit assessments.
• Evaluate complex credit applications and provide recommendations to the credit committee.
• Ensure that credit assessments are thorough and compliant with established policies.

Portfolio Management:

• Monitor the performance of the loan portfolio, ensuring timely collections and addressing delinquent accounts.
• Develop strategies to enhance portfolio performance and reduce non-performing loans.
• Prepare regular reports on portfolio quality and performance for senior management.

Team Leadership:

• Lead, mentor, and develop the credit team to achieve performance goals.
• Conduct performance evaluations and identify training and development needs.
• Foster a positive and productive work environment that encourages teamwork and professional growth.

Customer Relations:

• Build and maintain strong relationships with key clients and stakeholders.
• Provide guidance and support to relationship managers in structuring and negotiating loan terms.
• Address customer queries and issues related to credit applications and approvals.

Regulatory Compliance:

• Ensure compliance with all relevant regulatory requirements and internal policies.
• Liaise with regulatory bodies and ensure timely submission of required reports.
• Conduct regular audits and reviews to ensure adherence to credit policies.

Qualifications

• Bachelor’s Degree in Finance, Economics, Business Administration, or a related field. A Master's degree or professional certification is an advantage.
• 8 - 10 years of experience in credit management, with at least 5 years in a managerial role.
• Strong knowledge of microfinance banking credit operations and regulatory requirements.
• Excellent leadership, communication, and interpersonal skills.
• Proven ability to manage and lead a diverse team.
• Strong analytical and problem-solving skills, with a focus on risk management.
• Ability to work under pressure and meet tight deadlines.

Key Competencies:

• Credit analysis and assessment
• Risk management
• Strategic thinking and planning
• Customer focus
• Team leadership and development
• Financial acumen.

Application Closing Date
Not Specified.