Purpose of the Job:
To drive the execution of credit risk strategies that optimize the subsidiarys credit portfolios from a reward versus risk perspective while balancing capital constraints and market sensitivity to levels of non-performing debt.
Critical Deliverables /Core Accountabilities and Responsibilities
- Responsible for credit assessment of all lending products within mandated levels.
- Analysis of financial information in preparation of credit application to make a recommendation based on the findings, within the credit parameters, to be presented to a higher mandate
- Credit Assessor will be assessing various products namely but no limited to Home loans; Overdrafts, Personal Individual loans. (Knowledge of these products will be an added advantage)
- Ensure efficient implementation and compliance with Letshegos policies, procedures relating to credit risk
- Oversee the administration of lending products, home loans, personal loans and overdrafts
- Provide recommendations on achieving set loan book performance
- Ensure that all loans and lending procedures comply with applicable regulations.
- Analyze new customers creditworthiness
- Provide training on credit assessment to front-line staff (sales)
- Provide credit reports to the Credit Manager
- Review and confirm the collateral position of the client in preparation of credit applications
- Adhere to agreed turnaround times of credit applications without compromising validity and quality of assessment by complying with policies and procedures.
- Keeping up-to-date with changes in the micro and macro-economic, political, legislative and social environment in order to provide proper lending advice.
Knowledge and Skills Required of the Job Holder:
- Grade 12 certificate with a minimum of 25 points and above.
- A degree in finance / Information Systems /Economics
- Experience in credit management gained in Consumer Finance, retail SME or microfinance environment
- At least 3 years experience in Credit Risk within Banking or Financial Services
- Knowledge of local laws, rules and regulations
- Understanding of credit risk strategies to maximise benefit from opportunities that arise to give some input to upside benefits to the business.
- Hands on experience with credit risk management systems
Knowledge and Skills Required of the Job Holder:
Ability to analyze and monitor country credit risks that face the business.
Ability to devise solutions relevant to a particular situation considering the specific circumstances, country laws and norms
Quality Assurance of all loan portfolios