Job Title: Credit Administration and Control Specialist
Department: Credit Administration and Control
Report to: Head of Credit
Location: BDB Head Quarter
Maintains credit control policies and guidelines to ensure compliance with all applicable rules and regulations.
Review and validate proposals prior to release of credits to ensure that the security, support and control conditions are complete, and where applicable follow up with the Banking Team to update the documents and necessary information.
Prepare / Review of offer letter and all loan agreements to ensure compliance with stipulated covenants accordance with the Banks policy & procedures.
Review drawdowns / payment requests within the Delegated Authority limits and ensure compliance with credit terms & conditions.
Ensure that the customers have delivered the identity and legal company documents confirming that the company or institution legally listed and has the right to enter into contracts with the Bank for the financial obligation.
Ensure mortgages / pledge over shares are executed and registered with the Ministry / Land Registration Authority and acknowledgement are held in Banks file prior to processing loan transaction.
Monitors all parties’ compliance with loan pre-loan disbursal conditions and other loan covenants throughout the tenor of the loan.
Assists in and ensures periodic collateral valuation and verification and updates the Head - Credit Control & Administration on any current and forecasted major changes in the value.
Laise with Legal Dept. to ensure loan documentation executed “whereby this is not part of the standards” is carefully reviewed to ensure optimum protection of the Banks interest are adhered to.
Supervises maintenance of credit files, documentation files, credit checking and collaterals.
Prepare timely and accurate preparation of reports by the department including’ CBB reports, customer credit reports, management information reports and any other requirement of statutory auditors.
Continuously propose recommendations to enhance the turnaround time while maintaining adequate credit control processes.
Keeps records of and highlights to the Head of Depts in respect of all credit related exceptions and special cases.
Prepare / Review audit confirmations balances.
Review and confirm loan closures to release contingency reserve and required collateral.
Perform other duties that may be assigned by the Unit / Department Head from time to time.
QUALIFICATIONS, EXPERIENCE AND SKILLS
Bachelor’s degree in Finance, Accounting, Economics or any other related field is mandatory
Years of experience
2-5 years of experience
Job Specific Skills:
Good knowledge of the banks policies and procedures
Good knowledge of credit administration, loan documentation, syndicated loan structures, as well as credit and banking terminology
Good knowledge of BDB’s products and services
Working knowledge of different systems, theories and practices relevant to the function.
Consistently demonstrates clear and concise written and verbal communication.
Report writing skills
Computer skills (mainly word and excel).
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