Credit Manager (1Post)
Job Summary: Reporting to the Managing Director, the job holder is responsible for managing other staff, providing leadership in prepare Annual/Strategic Plan, Targets on Loan Facilities Utilization, Designing and Implementing Short, Medium and Long Term Loans. Responsible for Capacity Building and Loan Delivery on Microfinance and SMEs products strategy; Follow up payment, prepare reports, deliver quality services to TWB customers, increase profitability and growth, while minimizing Credit risk. Knowledge in Excel, PowerPoint and Microcredit is an added advantage. 4
Job Summary: Reporting to the Managing Director, the job holder is responsible for managing other staff, providing leadership in prepare Annual/Strategic Plan, Targets on Loan Facilities Utilization, Designing and Implementing Short, Medium and Long Term Loans. Responsible for Capacity Building and Loan Delivery on Microfinance and SMEs products strategy; Follow up payment, prepare reports, deliver quality services to TWB customers, increase profitability and growth, while minimizing Credit risk. Knowledge in Excel, PowerPoint and Microcredit is an added advantage. 4
Application Deadline
2011-05-19
Job Details
Duties and Responsibilities
Provide leadership in credit risk management and underwriting procedures to ensure that the monthly recovery rate corresponds to business targets;
Provide leadership in the design and implementation of banking operations manual that is in line with bank operations information system;
Provide leadership in the preparation of the TWB Microfinance and SMEs business strategy;
Provide leadership in preparation of the credit annual plan and budget;
Monitor implementation of the banking operations plan on a quarterly basis and implement measures to enhance performance where necessary;
Provide leadership in designing and implementing a service delivery strategy to ensure efficient banking services to clients;
Oversee recruitment, training, performance appraisal and discipline of Credit Officers
Prepares annual plan and targets on loan facility utilization, estimated income from credit facilities, new borrowing customers.
• Reviews existing facilities of accounts on renewal dates and prepares recommendations for renewal of facilities on merit.
• Solicits prospective loan applicants, conducts interviews with existing and prospective borrower on credit relationship, and collects loan application and other credit documents from borrowers.
• Conducts credit investigation and makes inspection visits to borrowing customers business premises a report submit to the Managing Director.
• To process loan applications promptly and put up appropriate recommendations to enable the approving authorities make objective decisions. In doing so they shall take into consideration the prospective borrowers’ credit standing, business and financial viability, management competency, industrial situation, collateral support and potential income to the institution.
• Ensures that disbursement of funds under credit facilities extended is in line with the laid down procedures. 5
• Monitoring or credit facility utilization and business performance and compliance to commitments made, terms and conditions prescribed on the credit facilities extended.
• Encourages borrowers to utilize other products and services available at the institution.
• Ensures that all securities and documents are in order and registered with relevant authorities.
• Prepares all required credit returns and reports both internal as well as those for submission to the Bank of Tanzania.
• Calls up expired or matured credit facilities and reminding borrowers of due dates.
• Follow up repayment of matured credit and undertakes appropriate measures to recover past due credits.
• Ensures that all interest and fees from borrowing accounts are collected promptly.
• Reviews regularly all loans and advances, classify the advances according to the BOT Prudential Guidelines on management or Risk Assets and undertakes necessary measures to avoid deterioration of the quality of the institutions’ overall credit portfolio.
• Ensures that loans and advances are extended in line with BOT Guidelines.
• Co-ordinates with the Institution are appointed lawyers for legal action taken to recover overdue facilities.
• To perform any other duties as may be assigned by the Managing Director from time to time.
Required Knowledge and skills: Excellent knowledge of business management in a financial institution; excellent knowledge of the financial services industry in a developing or emerging 6
market; good communications and interpersonal skills; computer literate in standard computer applications.
Qualifications: Degree in Economics or Finance or Banking or accounting or equivalent with at least 7 years experience working at senior level in a bank or financial institution.
Provide leadership in credit risk management and underwriting procedures to ensure that the monthly recovery rate corresponds to business targets;
Provide leadership in the design and implementation of banking operations manual that is in line with bank operations information system;
Provide leadership in the preparation of the TWB Microfinance and SMEs business strategy;
Provide leadership in preparation of the credit annual plan and budget;
Monitor implementation of the banking operations plan on a quarterly basis and implement measures to enhance performance where necessary;
Provide leadership in designing and implementing a service delivery strategy to ensure efficient banking services to clients;
Oversee recruitment, training, performance appraisal and discipline of Credit Officers
Prepares annual plan and targets on loan facility utilization, estimated income from credit facilities, new borrowing customers.
• Reviews existing facilities of accounts on renewal dates and prepares recommendations for renewal of facilities on merit.
• Solicits prospective loan applicants, conducts interviews with existing and prospective borrower on credit relationship, and collects loan application and other credit documents from borrowers.
• Conducts credit investigation and makes inspection visits to borrowing customers business premises a report submit to the Managing Director.
• To process loan applications promptly and put up appropriate recommendations to enable the approving authorities make objective decisions. In doing so they shall take into consideration the prospective borrowers’ credit standing, business and financial viability, management competency, industrial situation, collateral support and potential income to the institution.
• Ensures that disbursement of funds under credit facilities extended is in line with the laid down procedures. 5
• Monitoring or credit facility utilization and business performance and compliance to commitments made, terms and conditions prescribed on the credit facilities extended.
• Encourages borrowers to utilize other products and services available at the institution.
• Ensures that all securities and documents are in order and registered with relevant authorities.
• Prepares all required credit returns and reports both internal as well as those for submission to the Bank of Tanzania.
• Calls up expired or matured credit facilities and reminding borrowers of due dates.
• Follow up repayment of matured credit and undertakes appropriate measures to recover past due credits.
• Ensures that all interest and fees from borrowing accounts are collected promptly.
• Reviews regularly all loans and advances, classify the advances according to the BOT Prudential Guidelines on management or Risk Assets and undertakes necessary measures to avoid deterioration of the quality of the institutions’ overall credit portfolio.
• Ensures that loans and advances are extended in line with BOT Guidelines.
• Co-ordinates with the Institution are appointed lawyers for legal action taken to recover overdue facilities.
• To perform any other duties as may be assigned by the Managing Director from time to time.
Required Knowledge and skills: Excellent knowledge of business management in a financial institution; excellent knowledge of the financial services industry in a developing or emerging 6
market; good communications and interpersonal skills; computer literate in standard computer applications.
Qualifications: Degree in Economics or Finance or Banking or accounting or equivalent with at least 7 years experience working at senior level in a bank or financial institution.
Interested and suitably qualified individuals should visit our Website Link Below for more details and forward their applications enclosing a detailed CV and copies of professional certificates, name and address of two referees and submit/post hard copied by post to
Managing Director
Tanzania Women’s bank Limited
Old Post Office, Mkwepu Street
P.O.Box 72604
Dar es Salaam.Managing Director
Tanzania Women’s bank Limited
Old Post Office, Mkwepu Street
P.O.Box 72604
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