Credit Monitoring Officer at First Bank Nigeria

First Bank Nigeria

Job Title: Credit Monitoring Officer

Job Identification: 544
Location: Lagos
Job Type: Full-time

Job Description

  • Ensure effective performance of credit monitoring functions on Small – medium size loan portfolio with low – mid complexity
  • Conduct and document a quarterly performance review on accounts in assigned portfolio and to highlight management action including classification that may be required on the accounts
  • Review and supervise the activities of the small-medium size loan portfolio
  • Post disbursement review to confirm compliance with approved conditions subsequent to drawdown on facilities and follow up on exceptions on an on-going basis
  • Escalation of observed exceptions on post disbursement review to Business Unit.
  • Execute credit monitoring functions and reporting on the following portfolio categories and make recommendations to Team Lead to correct exceptions
    • Expired & expiring facilities;
    • Accounts in excess of approved limits;
    • Accounts with unauthorized balances and
    • Finnone accounts with overdue loan repayment and interest charges
    • Non-performing Overdrafts
    • Watchlist facilities
    • Impaired Facilities
  • Identify other exceptions and ensure that RMs/GHs regularize these exceptions identified within stipulated timelines.
  • Generate data and present accounts for classification/declassification to Team Lead for further review and analysis.
  • Support in first level remedial activity on Small to Medium accounts designated by management and not yet transferred to RBU
  • Review reports for Criticized Assets Committee meetings for the following category to address portfolio exceptions, follow up on CAC resolutions and make appropriate recommendations for management’s informed decisions.
    • Group Head Level Criticized Assets Committee Meeting
    • Line Executive Criticized Assets Committee Meeting
    • CRO/MD Level Criticized Assets Committee Meeting
  • Work with Information Technology on continuous process improvement.
  • Liaise with relevant stakeholders and other departments (BPM, Legal Services, Internal
  • Audit/Operations/Control etc.) for effective credit monitoring as required by job function
  • Assist to provide update on request from regulators and examiners during periodic review and ongoing basis.
  • Monthly review and follow up on Bonds & Guarantee issued on behalf of customers and Inward BG securing the banks facilities.
  • Review of Warehousing Stock report vis a vis customers exposure to the bank.
  • Resolution of issues on black book managed by Credit Risk Management
  • Preparation of Credit Print out (LADRAM) in format required by CBN/NDIC Auditors incorporating IFRS 9 requirements in terms DPD, LGD, etc.
  • Work at resolving exceptions on account management issues emanating from audit and examinations with relevant stakeholders
  • Implement the Bank’s Account Management Responsibility Policy.

Job Requirements
Minimum Education:   

  • Very good First Degree in any discipline and any additional qualification.

Experience:

  • Minimum experience: 2 years of relevant banking experience with at least 2years in Risk Management, Credit Analysis or Relationship Management function.

Key Competency Requirement:
Knowledge:

  • Knowledge of banking practices and policies, products and processes Statistics
  • Banking structure and procedures.
  • Core Banking Processes and applications such as Finacle
  • Industry knowledge
  • An in-depth knowledge of Credit Management processes
  • Familiarity with Microsoft Office, especially Excel.

Skill/Competencies:

  • Interpersonal skills
  • IT and Computer appreciation
  • Communications skills (written and oral)
  •  Attention to details
  • Analytical and conceptual skills
  • Integrity
  • Ability to communicate technical information to a non-technical audience
  • Reporting skills
  • Must be solution driven, proactive and have acceptable knowledge of the business environment
  • Performance Measurement & Assessment skills
  • Supervisory skills.

Application Closing Date
6th February, 2023.

Method of Application
Interested and qualified candidates should:
Click here to apply online

View All Latest Jobs In Nigeria