ASSOCIATE DIRECTOR OF CREDIT at Urwego Bank PLC: (Deadline )
JOB OPPORTUNITY
POSITION: Associate Director of Credit.
REPORTS TO: Deputy CEO
LOCATION: Head Office
STATUS: Open Ended
JOB SUMMARY/PURPOSE
The Director of Credit Risk Management plays a crucial role in overseeing the credit risk of the Bank. This position requires strong leadership, strategic thinking, and a deep commitment to the organization’s mission of empowering individuals and communities through financial inclusion. The Director of Credit is responsible for managing the credit portfolio, ensuring prudent lending practices, fostering relationships with clients, and promoting the organization’s Christian values.
MAIN RESPONSIBILITIES
- Credit Portfolio Management:
- Develop and implement credit policies, procedures, and guidelines in line with the organization’s mission, vision, and strategic objectives.
- Oversee the credit approval process, ensuring adherence to established lending criteria and risk management practices.
- Monitor the performance of the credit portfolio, analyse trends, and take appropriate measures to mitigate risks and achieve portfolio growth targets.
- Regularly review and update the organization’s loan products and terms to meet the evolving needs of clients.
- Risk Management:
- Establish effective risk management practices to identify, assess, and mitigate credit risks.
- Conduct thorough credit assessments and analysis of loan applications, ensuring the organization’s lending practices are fair, responsible, and compliant with regulatory requirements.
- Develop and implement strategies to minimize loan delinquency rates and manage non-performing loans.
- Collaborate with the finance team to ensure accurate and timely reporting of credit-related information.
- Relationship Management:
- Provide guidance and support to credit analysts, sales officers, ensuring they have the necessary skills and knowledge to effectively serve clients.
- Foster a client-centred approach within the organization, promoting organization, promoting transparency, empathy, and ethical conduct in all interactions.
- Conduct client satisfaction surveys and use the feedback to enhance the organization’s credit products and services.
- Staff Leadership and Development:
- Lead and inspire the credit team, providing clear direction, coaching, and mentorship to achieve individual and team objectives.
- Promote a positive work environment that aligns with Christian values and encourages professional growth and personal development.
- Identify training needs, organize capacity-building programs, and promote a culture of continuous learning among staff members.
- Collaboration and Reporting:
- Collaborate with other departments, such as operations, finance, and marketing, to ensure seamless integration of credit activities with overall organizational goals.
- Prepare and present regular reports to senior management and the board of directors, highlighting key credit performance indicators, trends, and challenges.
- Stay informed about industry trends, best practices, and regulatory changes affecting microfinance and credit operations.
- Coordinate all loan or portfolio related reporting to the regulator of other stakeholders.
- Product Development
REQUIREMENTS OF THE ROLE
- Bachelor’s degree in finance, economics, business administration, or a related field. A master’s degree is preferred.
- Proven experience (typically 7+ years) in microfinance or commercial banking, with a focus on credit operations and risk management.
- Strong understanding of microfinance principles, credit methodologies, and best practices in the industry.
- Familiarity with Christian values and a commitment to integrating those values into the organization’s operations.
- Demonstrated leadership skills, with the ability to motivate and inspire a diverse team.
- Excellent analytical and problem-solving skills, with a keen eye for detail.
- Sound knowledge of financial analysis, credit assessment techniques, and risk management frameworks.
- Familiarity with regulatory requirements and legal aspects of microfinance in Rwanda.
- Excellent communication and interpersonal skills, with the ability to build strong relationships with clients and stakeholders.
- Proficiency in relevant software applications and financial management systems.
How to apply
Interested and eligible applicants should send the following documents to [email protected] not later than 17th /10/ 2023 at 5pm. Applications should be addressed to HR Department and in the subject line indicate Associate Director of Credit.
REQUIRED DOCUMENTS
- Application letter explaining your suitability for the position,
- Curriculum vitae with 2 referee names and Addresses.
- Notarized Academic Documents, and additional certificates if any.
- Recommendation from your Church with a validity of not less than 6 Months
- Your statement of Faith.
- Copy of ID
- Criminal Record Form from Irembo.
Only selected candidates will be contacted for the interviews.
Thank you.
Urwego Bank PLC
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