Masloc Microfinance Job Vacancy For Head Of Credit - March 2019

Job Title: Head Of Credit - Masloc Microfinance & Small Loans Centre

Job Purpose

To reduce loss of loan assets through effective assessment of the risks associated with credit, developing strategies to manage them, and mitigating the risks, using managerial resources.

Specific Functions, Duties and Responsibilities:

Responsible for coordinating the tasks of subordinates in credit risk management, which entails the credit risk identification, measurement, monitoring, reporting, control and mitigation framework. The mitigation framework shall comprise all strategies that can reduce the risk (chances /probability) of loss of principal or loss of a financial reward stemming from borrowers' failure to repay their credit facilities.

• Adopt a systematic approach to managing the uncertainty of credit repayment, which often leads to reduction in the quality, or loss, of loan assets;
• Undertake effective assessment of the credit- related risks;
• Develop appropriate strategies, including the under mentioned, to manage the risks associated with credits extended to clients:
  
  • transferring the risk to another party;
  • avoiding the risk;
  • reducing the negative effect of the risk;
    and
  • accepting some or all of the consequences of a particular risk.
• Mitigate credit-related risks, by efficiently and effectively employing managerial resources.
• Undertake Credit Risk Management duties, including the responsibility for coordinating activities of the Credit Risk Department and also being part of the Credit Approval Committee.
• Use MASLOC's Credit Policies in ensuring compliance and recovery of the old outstanding loans.
• Ensure that the Credit Risk Department updates and provides relevant data/information on beneficiaries of the "old loans" that will facilitate
  verification and validation of their loan balances on regular periodic basis, thus assisting individuals, third party and any debt recovery companies in performing their contract effectively. 

   

• Advise management on all cases Of arrears including decisions on/ approving applications of clients for the following:

• Rescheduling of overdue loan facilities;

• Waiver/ reduction of excess memorandum interest;

• Write-offs; and refinancing/granting supplementary
  loans.

• Recommend steps/actions to be taken by Credit Offcers/ Regional Managers to improve recoveries and reduce exposure/ arrest deterioration of loan
  portfolio/ assets.

• Prepare ageing schedule of loans using Bank of Ghana's acceptable loan portfolio standards and indicators, including classification of the "old loans"
  into Current, Substandard, Doubtful, and Ioss categories, when necessary.

• Project portfolio performance scenarios, including the computation of delinquency ratios and determining the quality of loan portfolios.

• Periodically review the following policy documents as and when required by Management:

• Policies on Interest Risks, based on inflation rate and Bank of Ghana Prime Rate movements as well as fixing of penal interest rates; and

• Policies on Liquidity Risks, focusing on strategies of holding enough liquid assets to enhance sustainable operations when fresh resources from
  government/development partners are cut off.

• Liaise with CEO to ensure that an active Credit Risk Committee (CRC) is instituted and sustained at Head Office and Regional Offices, and ensure that
  regular monthly CRC meetings are held to discuss loan portfolios and other credit risk-related issues, and recommend necessary actions that will improve the health of the Centre's loan portfolio.

• Undertake visits to Regional Offices, upon Head Office CRC recommendations, to participate in Regional Credit Risk Committee (RCRC) meetings to discuss each Credit Officer's loan portfolio onone-on-one and c/ient/case by case basis, and recommend necessary actions such as legal demand letters and legal actions that will improve recovery performance.

• Prepare and give monthly reports to the CEO on all activities related to the assigned duties as outlined in the Job Description.

• Any other functions that may be assigned from time to time.

Knowledge / Technical Competencies

• 
  Prospective candidate should have relevant experience and exposure in credit risk or general risk management with a minimum of 10 years in
  similar position in a lending institution
• A minimum of first degree in Banking, Banking and Finance, Business Administration and Economics plus 10 years Of experience in a similar position in a
  reputable financial institution or commercial/industrial firm;
• A master's degree with five years post-qualification experience in the above-mentioned disciplines;
• A PhD with three years post-qualification experience in the above-mentioned disciplines;
• Must be computer literate

Skills/Core Behavioural Competencies

• Good analytical skills
• Excellent leadership skills
• Integrity
• Team working /good interpersonal skills
• Good spoken and written communication skills