Recruitment, apply for Wema Bank Plc recruitment 2023 below.
Gatekeepers News reports that Wema Bank Plc is widely reputed as the longest-surviving and most resilient indigenous bank in Nigeria, Wema Bank Plc has over the years, diligently offered a fully-fledged range of value-adding banking and financial advisory services to the Nigerian public.
Loan Review Officer
Job Specifications:
Full Time
Required Qualifications: BA/BSC/HND
Location: Lagos | Nigeria.
Job Description:
- To objectively appraise loans and to ensure compliance with established Credit Policies and Procedures as well as extant Government laws and regulations.
- To also proactively identify early warning signals of would be delinquent credits for quick remediation.
JOB RESPONSIBILITIES
- Performs regular loan portfolio reviews based on risk and/or size of all credit types.
- Ensures acceptable credit standards are maintained (verifies lien perfection, repayment capacity and collateral adequacy etc.)
- Ensures Risk Asset creation conforms to the bank’s lending policies and procedures. Also, ensure compliance with relevant State and Federal laws and regulations
- Ensures the creditworthiness of the loan portfolio, identify and report anomalies/ emerging risks that merit the review of the lending practices and/or adverse asset classification.
- Identify problem loans and work to ensure quick remediation
- Reviews bank’s processes (loan approvals, policy exception reporting, supervisory loan to value limits, underwriting, covenants, reporting, etc.)
- Determines if proper approval procedures and loan authorities were adhered to before disbursement
- Do periodic performance review to ascertain that loans are meeting expectations
- Verify the quality, completeness and accuracy of supporting loan documentation and analysis
- Periodically reviews files for appraisals, deeds of trust, UCC filings, perfection on liens, collateral evaluations and valuations etc.
- Aid Relationship Management and other SBU (Credit administration, FINCON, Account officers) on loan related accounts.
Qualifications and Requirements:
Below are qualifications required to work as a Loan Review Officer
- Bachelor’s degree in Business related field with emphasis in quantitative background e.g. finance, accounting, Business Administration or Statistics
- Professional qualifications such as ACA, ACCA, ACIB, CFA etc. will be added advantage
- A minimum of two-year experience in Loan Review or Credit and marketing functions.
- Good knowledge of Core Banking Application – Finacle and Windows based PC (MS Word/Excel/PowerPoint/Outlook/ Power BI) Working Conditions.
- Knowledge of Credit/Lending laws and regulations
- Strong analytical, technical and statistical skills
- Sound working knowledge of accounting principles and financial statements
- Strong report writing skills
- Capability to effectively present information and respond to enquiries.
- Strong integrity in all areas, adhering to policies, regulations and utmost ethical and legal standards
- Uphold confidentiality and privacy of findings in all situations
- Interact and communicate effectively with personnel at various levels of the organization
Others
- Duties are performed in an office/ remote environment in a professional business setting.
- Position involves occasional travel to bank’s locations outside the Headquarter for credits examination reviews.
- It also entails routine visits to obligors’ offices and warehouses; projects being financed and on the spot assessment of collaterals.
Deadline: Not Specified
Disclaimer: Gatekeepers News gets job vacancies from advertising agencies and other sources to inform the public about employment opportunities. Gatekeepers News or any agent does not seek any payment in whatever form for prospective candidates to apply. We, therefore, implore you not to pay for any job vacancies because they are not for sale, and we are not responsible for any loss that may arise as a result of this.
