Credit Administration Officer, Registry.
Managing credit documentation, perfection of
securities, loan registries, and compliance, requiring a Business/Finance
Degree, credit administration skills, and 3+ years’ experience.
Job Purpose
The job holder will be
responsible for managing the credit documentation process for facilities
granted to customers by the bank and to ensure that all credit is adequately
secured before disbursement and during the lifetime of the facility. In
addition to this, the role-holder will undertake any other duty as assigned by
the Manager- Credit Administration or Director, Credit Risk Department.
Key Responsibilities
- Securities
Quality Assurance & Administration
- Custodianship
- Customer
Service
- Compliance
& Policy Implementation:
Securities
Quality Assurance & Administration:
- Receive
documents from the disbursement officers and validate the same to ensure
conformity to set standard. Any deficiencies to be highlighted and
communicated to the relevant parties for remedial action to be
taken.
- Maintain
proper diaries to monitor compliance with respect to renewable securities
such as guarantees, valuation reports, insurances, land rent and
rates.
- Follow
up with branches and all business units to ensure 100% compliance with
respect to insurance renewals, payment of rent and rates and revaluation
of securities.
- Facilitate
release of securities in line with the laid down procedures.
- Update
the securities register in T24 with new securities and security release as
well to ensure accurate record of security details in the system.
Custodianship:
- Filing
security documents and other credit related documents in a systematic
manner to ensure ease of retrieval whenever need arises.
- Ensure
safe custody of all securities documentation in the designated holding
areas/strong rooms
- Control
lodgment and withdrawal of securities documentation from the designated
holding areas/strong rooms
- Ensure
adherence to dual control system in accessing the securities vault and
other holding areas
- Maintain
a well updated securities movement register
- Attend
to queries relating to securities and documentation such as request for
copies of documents
Customer
Service:
- Respond
to all queries relating to clearance of facilities for drawdown and
perfection of securities
- Ensure
prompt and precise respond to customer queries via email and phone in line
with set customer service standards
Compliance
& Policy Implementation:
- Ensure
compliance with internal policies and procedures relating to lending and
other areas that touch on day to day operations.
- Actively
participate in all audit processes and ensure the department achieves a
satisfactory rating both in internal and external audits.
Decision
Making Authority
- Decision
making is well guided by the policy
Academic Background
- Bachelor’s
Degree in Business studies or Economics from a recognized university.
Work Experience
- At
least two (2) years’ experience in advances securities, lending, credit
administration, debt management or any other area that involves critical
use of analytical skills within the bank.
- Experience
with NTSA and MPSR will be an added advantage.
Skills & Competencies
- Knowledge
in legislation relating to perfection of securities and requirements by
regulating bodies.
- Good
understanding of the CBK Prudential guidelines
- Good
understanding of Sidian Bank’s Credit risk policy.
Professional
Certification Professional
Banking qualification (ACIB) or Credit Administration
