Recruitment: Apply For Bosak Microfinance Bank Limited Recruitment 2024

Credit and Risk Officer

Job Specifications:

• Full Time
• Required Qualifications: BA/BSC/HND
• Location: Gombe | Nigeria.

Job Description:

• Work with Unit Head in Planning, designing implementing & managing the overall risk management process for the bank by developing the risk management framework, policies, processes, procedures and reporting standards that define the bank’s risk strategy and appetite in line with its overall business objectives
• Monitor the business development for emerging risks and recommend policies and procedures to improve the risk management process
• Developing methods to generate a robust system to identify, monitor, manage and control credit, market and operational risks.
• Facilitate the identification, assessment, measurement, monitoring, controlling and reporting the level of risk.
• Work with Unit Head to provide support, education and training to staff in order to create and increase risk awareness
• Ensures proper documentation of credits by adhering to set documentation standards and procedures
• Ensure the approved credit framework and recommend credit approval limits in line with banks’ policy is adhered
• Analysis and appraisal of Individual credit requests in accordance with approved policies and procedures to ensure that credit exposures are created subject to stipulated guidelines
• Conduct periodic stress tests and scenario analysis, assessing the impact to the Bank’s credit portfolio and make appropriate recommendations to senior management for appropriate action
• Review and analyse the delinquent portfolio to identify key causal factors, make recommendations and track them to ensure adequate and timely closure
• Responsible for loan recovery, such as negotiating work out plans and strategies for delinquent customers and provide additional support with respect to exposures requiring collection agencies or legal action
• Monitor violations of credit policies, provide analysis, conclusion and recommendations, present findings to senior management and suggest actions/penalties to be taken when appropriate
• Prepare timely, comprehensive and reliable credit risk reports to senior management and board on a regular basis
• Carry out any other task as required from time to time.
• Monitor NPL and ensure proper follow-up.
• Review and track department risk exposure and make recommendations

Job Role

• The primary purpose of this position centres on ensuring the Bank’s operations are properly designed, documented and managed. The positions covers:
• Risk Management (credit risk Analysis)
• Debt Repayment
• Asset/Collateral Recovery and Maintenance
• PAR (Portfolio at Risk) and Credit Monitoring
• NPL (Non Performing Loans) and PDO (Past due Obligations) review and recovery
• In-depth knowledge of Debt/Asset Recovery Policies.

Qualifications and Requirements:

• Minimum of HND or Degree in Finance, Accounting, Economics, Business Administration etc. from a reputable University or Polytechnic.
• Minimum of 3-4 years working experience in Credit, Loan and Asset Recovery activities.
• Hands-on experience working in a Microfinance and/or FINTECH space
• Strong planning, organizational and time management abilities
• Experience in database Management.
• Experience is recovery.
• Post graduate degree or MCIB is an added advantage
• Minimum of two (2) years’ experience in a similar role at a MFB or Financial institution
• Awareness of emerging and innovative credit risk assessment specifically social scoring, alternative credit scoring and big data analytics tools.

Benefits:

• HMO
• Constant Training and Development
• Leave & Passage Allowance
• Performance Induced Pay
• 13th Month

Area Manager

Job Specifications:

• Full Time
• Required Qualifications: BA/BSC/HND
• Location: Cross River | Nigeria.

Job Description:

Management of Area:

• In collaboration with the Human Resources Dept., hire, train, support, and motivate Area staff.
• Maintain a high standard of cleanliness and discipline within the Area and ensure that all staff members are performing according to expectation.
• Ensure the Area work flow is efficient and well-defined on a weekly and monthly basis.

Build community rapport:

• Become knowledgeable and known in the Area’s geographic zone.
• Build rapport with community and business associations and leaders;
• Be known and visible in the community/area;
• Develop goodwill of community towards Bosak Microfinance Bank Limited.

Financial Planning and Management:

• Develop annual plans and budgets for the Area, paying particular attention to the creation of efficiencies and reduction of the Area costs.
• Approve Area expenses within the budget parameters.

Supervision and Monitoring:

• Ensure that all Area staff follow and implement policies and procedures.
• Spot-check approved applications.
• Set performance goals with Area staff and monitor performance per procedures for all Area staff.
• Implement the performance management system at the Area level.

Area Administration:

• Ensure that the Area maintains neat, up-to-date and accurate client records.
• Organize and maintain neat, up-to-date and accurate files regarding performance of each Area staff member.
• Ensure that all approved loans in the Area are disbursed timeously and accurately.
• Ensure that all savings accounts are promptly opened with proper documents
• Ensure that all assets of the Area are protected at all times and that the Area ambience is within the acceptable standard.

Area Reporting:

• Prepare and submit Area portfolio and other financial reports timeously on a regular basis.
• Complete summary Area reports of supervision and monitoring activities and findings timeously on a regular basis.

Loan Approvals:

• Coordinate the activities of the credit committee for loan applications pertaining to his/her Area.
• Chair the credit committee for loan applications pertaining to his/her Area within his/her authority level.
• Ensure all documentation and requirements are complete prior to loan approvals.
• Ensure quality of analysis by all Branch Managers/Account Officers in the Area.

Business Development:

• Ensure that the loans and savings portfolio growth matches the Area Budget.
• In cases where the rate of growth is below the Budget, the Area Manager should provide adequate explanation for the deviations and advise the Chief Commercial Officer on the most appropriate corrective measures.
• Meet and build rapport with all Area staff, business/market associations and other relevant organizations in the area’s zone on a regular basis.
• Monitor business progress, provide assistance, demonstrate concern, and build loyalty among the business/market associations and clients.
• Keep abreast of the economic developments in the Area’s zone.

Debt Recovery:

• Review the daily repayment reports and other relevant reports per Account Officer and for the entire Area as soon as they are available.
• Ensure that debt recovery strategy and procedures are adhered to.
• Assist with late repayment recovery where necessary, in accordance with Bosak MfB Limited policies and procedures.

Qualifications and Requirements:

• Candidates should have 6 years work experience

Method Of Application

Interested and qualified candidates for “Bank Teller Needed at Bosak Microfinance Bank Limited” should send their CV to: recruitment@bosakmfb.com using the job title as the subject of the mail.

Deadline: September 9, 2024

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