To design, implement, operate and continuously improve the processes that underpin Letshego\u2019s consumer \/MSE lending offering (Programmatic lending), namely underwriting, and loan administration for the Group. Position responsible for leading activities including credit review, credit approvals and monitoring the portfolio to identify credit migration in coordination with the Risk Management team. Responsible for end-to-end responsibility to manage underwriting, portfolio quality dynamics, loss forecasting, identifying and deploying initiation policy changes including line assignment, and stakeholder management<\/p>\n
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Job Title: Group Credit Initiation Manager<\/strong> Job Summary:<\/strong> Requirements:<\/strong>
\nLocation:<\/strong> Gaborone, South East, Botswana
\nReference #:<\/strong> Group Credit Initiation Manager
\nContract Type: <\/strong>Permanent
\nSalary: <\/strong>Market Related<\/p>\n
\nManages budget and controls costs to achieve targeted levels of processing volumes.
\nDevelop a framework for portfolio risk assessment including evaluation of credit assessment across all lending products \/segments and sectors
\nProvides feedback to business units and recommend courses of action.
\nCan exercise independence of judgement and autonomy.
\nActs as SME to senior stakeholders and \/or other team members
\nMaintains activities in accordance with Service Level Agreements (SLAs) with internal departments\/ units to achieve improvements in turn-around time, with respect to corporate credit processing.
\nBuilds and maintains strong and effective relationship with all other related departments and units to achieve the Group’s goals\/objectives.
\nProvides timely and accurate information to the external and internal auditors and the Compliance function as and when required.
\nSets procedures for the timely review of all corporate loan proposals, ensuring staff follow set procedures for receiving, processing, checking and filing loans documentation.
\nCritically reviews all credit documents, ensuring all necessary procedures\/ calculations have been taken with regards loan draw-downs, rollovers, repayments, interest rate fixing, fees collection and payment scheduling, red flag any deficiencies for correction or rejection of corporate credit proposal.
\nEnsures regular updating in the system of various credit-related data to aid in decision-making.
\nSupervises and ensures that all data input in the core system is updated and checked viz. daily reports.
\nParticipate in the loan syndication process as per the delegated authority.
\nMaintains data accurately in Letshego\u2019s systems relating to loan facilities, transactions and corporate customer data.<\/p>\n
\nEducation\u2022Bachelor\u2019s Degree in Business Administration, Commerce, Finance, Accounting, Economics or equivalent
\n\u2022Master\u2019s in Business Administration would be an added advantage
\nExperience \u2022At least 10 years\u2019 experience in in the credit related role, preferably consumer credit underwriting and loan operations with a minimum of 5 years\u2019 experience at a management level preferably with a credit union or other financial institution
\n\u2022Background in Retail & MSE including Housing underwriting
\nCertifications
\nKnowledge\u2022Awareness of current industry trends, technologies and issues that potentially affect organisation\u2019s business
\n\u2022Develop a robust credit risk and underwriting framework
\n\u2022Manage underwriting personnel who execute credit reviews and set credit limits
\n\u2022Reviews financial statements, projection models and all other relevant financial and non- financial data to develop a concise focused analytical foundation for a credit decision.
\n\u2022Accountable for underwriting all business opportunities and launching of new products for the Group
\n\u2022Understanding and interpretation of financial statements
\n\u2022Actively assess new credit opportunities, leading credit analysis and approvals
\n\u2022Ability to understand the economics of the business and appropriately weigh risk\/reward trade-offs.
\n\u2022Comprehensive knowledge of financial products, processes and market practices
\n\u2022Ensures underwriting and structuring decisions reflect commitment to strong asset quality
\n\u2022Good knowledge of key risk classes including credit, market and operational risk
\n\u2022Good knowledge and understanding of the regulatory framework, industry trends and best practice, able to apply knowledge to direct priorities within the business
\nSkills\u2022Ability to partner with senior management across all areas of the business
\n\u2022Ability to collect and synthesize data and information to develop and provide analytical analysis
\n\u2022Strong interpersonal skills, including written and oral communication skills
\n\u2022Ability to analyse and calculate figures and amounts on complex loan transactions.
\n\u2022Excels at collaborating with others at all levels to ensure organizational goals are attained
\n\u2022Excellent organization and communications skills
\n\u2022Excellent decision-making, problem-solving and ability to multi-task in a fast pace environment
\n\u2022Sound financial acumen with credit and financial analysis skills
\n\u2022Proven experience in credit risk assessment and applying a lending delegation<\/p>\n