Credit and Compliance manager

Posted : 2024-08-14
Closing : 2024-09-01
Position Scope

Company description

The company is a Kenyan company focused on providing credit to underserved businesses. It was recently founded by local entrepreneurs who saw the struggles that small businesses have in accessing credit and subsequently worked to develop a solution. They aim to have a positive impact in the lives and businesses of our clients through the provision of easily accessible credit.  The company leverages physical assets owned by entrepreneurs or their businesses, chiefly motor vehicles, to provide quick and hassle-free credit endeavouring  to avail credit within 24 hours of request through ubiquitous digital channels.

They are looking to recruit a key member of the team to lead credit assessments and portfolio monitoring while supporting the growth of their client base.

Role description

  • The Credit Analyst will report to the Credit Manager, though initially lines of reporting may be different
  • They will undertake credit assessments of prospective borrowers and ascertain compliance with the company’s policies prior to loan disbursements. In addition, they will lead portfolio monitoring with the support of branch staff
  • He or she will specifically oversee document review, cash flow analysis (where relevant), borrower character checks, assessment and securing of collateral, and confirmation that all other compliance processes have been adhered to.
  • This is an entrepreneurial role in a recently formed company with the opportunity to innovate on credit assessments and significant opportunities for growth

Job Description

Responsibilities

  • Set up and regularly review credit policies on the company’s loan management system
  • Review of all documents submitted by prospective borrowers to confirm accuracy
  • Undertake cash flow analysis of prospective borrowers
  • Coordinating the registrations, charging, and tracking of security assets as necessary
  • Confirmation that all lending policies and national regulations have been adhered to prior to disbursements
  • Monitor loan performance and coordinate responses to any opportunities or challenges that may arise
  • Prepare regular reports on credit activity, risk exposure, and portfolio performance for the management team.
  • Review and advise the Board on the appropriate loan policies as necessary
  • Other responsibilities as may be agreed from time-to-time with the Company

Requirements

Minimum requirements

  • Self-starter who is comfortable working in entrepreneurial environments and dealing with large teams of individuals with varied educational and professional background
  • Bachelors’ degree in Finance, Accounting, Economics, or a related field from a recognised university
  • At least 5 years of experience in a microfinance lending business, with a significant portion spent in credit departments
  • Strong understanding of financial statements, credit risk assessments, and lending processes
  • Understanding of the local market, including trends in micro-lending and the needs of underserved communities.
  • Familiarity with credit scoring systems and methodologies, including the use of alternative data sources relevant to the microfinance sector
  • Excellent analytical, decision-making, and problem-solving skills
  • Strong digital proficiency
  • Ability to work in Kenya without sponsorship (preferably a Kenyan citizen)
  • Proficiency in English and Kiswahili

Skills

microfinance, credit analysis, credit policy, secured loans