HEAD OF CREDIT
Lesotho Post Bank, a financial services provider of choice in Lesotho is looking for a highly competent Mosotho candidate to fill the vacant position of Head of Credit
REPORTING LINE:
Head of Credit reports to Managing Director.
Head of Credit reports to Managing Director.
JOB PURPOSE:
To manage credit risk and to ensure quality assets are placed and retained in the book.
KEY DUTIES AND RESPONSIBILITIES:
• Review and develop the banks credit policies and guidelines;
• Ensure that Credit Procedure Manual, Local Credit Policy and Risk Acceptance Criteria and manuals are in place and conform to best practice at all times;
• Evaluation of credit proposals and assess whether applications meet sound business criteria and whether counter-party credit risk falls within acceptable parameters which create profit / value as well as the associated risks;
• Proactively drive the review process of existing facilities, ensure a consistent thorough and timely evaluation of all existing facilities;
• Approve draw down of facilities (limit slips) once satisfied that all terms and conditions of sanction and/or covenants that require action prior to draw down have been met and all required security has been obtained and in order.
• Ensure compliance with all legislative, regulatory bodies and as well as Know Your Customer (KYC) and Know Your Process(KYP) requirements;
• Oversee safe custody of all security documentation and sign-off for permanent release of the security documents;
• Oversee timely and quality credit assessment and decision are made;
• Oversee the debt collection and rehabilitation management;
• Assess pay /no-pay motivations and take credit decisions;
• Manage adherence to the service level agreement that have been concluded;
• Manage all staff under his/her supervision
• Ensure that Credit Procedure Manual, Local Credit Policy and Risk Acceptance Criteria and manuals are in place and conform to best practice at all times;
• Evaluation of credit proposals and assess whether applications meet sound business criteria and whether counter-party credit risk falls within acceptable parameters which create profit / value as well as the associated risks;
• Proactively drive the review process of existing facilities, ensure a consistent thorough and timely evaluation of all existing facilities;
• Approve draw down of facilities (limit slips) once satisfied that all terms and conditions of sanction and/or covenants that require action prior to draw down have been met and all required security has been obtained and in order.
• Ensure compliance with all legislative, regulatory bodies and as well as Know Your Customer (KYC) and Know Your Process(KYP) requirements;
• Oversee safe custody of all security documentation and sign-off for permanent release of the security documents;
• Oversee timely and quality credit assessment and decision are made;
• Oversee the debt collection and rehabilitation management;
• Assess pay /no-pay motivations and take credit decisions;
• Manage adherence to the service level agreement that have been concluded;
• Manage all staff under his/her supervision
QUALIFICATIONS AND EXPERIENCE
• Degree in BCom Accounting /Finance/ Financial Management/Banking/Law or equivalent
• Professional qualification; CIS, ACCA, CFA, CFP or and CA will be an added advantage.
• Seven (7) years Credit Management experience and at least three (3) years at senior management level
• Credit evaluation experience with complex credits structuring is key
• Experience in marketing would be an added advantage
SKILLS AND KNOWLEDGE
• An in depth knowledge of advanced lending techniques, bank products, credit rules and procedures
• FIA, banking and Commercial Law
• A good understanding and analysis of financial statements and cash flows.
• Professional qualification; CIS, ACCA, CFA, CFP or and CA will be an added advantage.
• Seven (7) years Credit Management experience and at least three (3) years at senior management level
• Credit evaluation experience with complex credits structuring is key
• Experience in marketing would be an added advantage
SKILLS AND KNOWLEDGE
• An in depth knowledge of advanced lending techniques, bank products, credit rules and procedures
• FIA, banking and Commercial Law
• A good understanding and analysis of financial statements and cash flows.
COMPETENCIES
• Leadership, Ethics Integrity and Trust, Accountability, Communication , Relationship management and negotiation, Teamwork, Ability to plan and prepare strategy and budgets, Problem solving, decision making, competitive, results oriented, strong business acumen.
Interested candidates should submit an application letter accompanied by a detailed Curriculum Vitae, Copies of Educational Certificates, Names and Contact Details of three referees to:
Human Resources Manager
Lesotho Postbank
Oblate House,
Private Bag A121
Maseru
Lesotho Postbank
Oblate House,
Private Bag A121
Maseru
Or email:imatela@lpb.co.ls ; klehloenya@lpb.co.ls; ichaka@lpb.co.ls
The closing date for submission of applications is 20th February 2015.
DISCLAIMER: ONLY SUCCESSFUL CANDIDATES WILL BE CONTACTED
