Head of credit

13 Oct 2016 | 09:01 | 25 Oct 2016 Closed

Kazi service limited

  • Africa , Tanzania , Dar es Salaam
  • From 7 year(s)
  • Business & Finance

Job Description

We are looking for Head of credit



Holder of a degree in banking, economics, finance, accounting or equivalent Not less than 7 years minimum working experience in the Credit Administration in a Senior Position.

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 credit operations manual that is in line with bank operations information system; Provide leadership in the preparation of the Banks' Microflnance and SM Es business strategy; Provide leadership in preparation of the credit annual plan and budget; Monitor implementation of the credit management plan on a quarterly basis and implement measures to enhance performance where necessary; Oversee recruitment, training, performance appraisal and discipline of Credit unit 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. Conducts credit investigation and makes inspection visits to borrowing customers business premises a report submits to the Managing Ditector. 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. 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. 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 lhstitution are appointed lawyers for legal action taken to recover overdue facilities. To prepare credit performance reports and present to the board To perfonn any other relevant duties as may be assigned by the Managing Director

Company Profile

Kazi service limited

KSL vision is to be the most preferred training and HR Consulting firm in Africa. We work with our esteemed clients to create effective people process management as a foundation for creating a winning culture. We connect job seekers to right employers.



+255022 277 1558

Contact for any query

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