Saturday, November 14, 2015

Manager, Credit Administration - Mwalimu Commercial Bank PLC

Mwalimu Commercial Bank PLC (MCB) (In-Formation) is a newly licensed commercial bank by the Bank of Tanzania, and is in its 'final stages of setting up operations. The major shareholders of the bank include Tanzania Teachers' Union (TTU), Public Service Pension Funds (PSPF) and National Health Insurance Fund (NHIF). MCB is looking to recruit experienced, self-driven, dynamic and result oriented individuals who are keen to develop a career in a dynamic, passionate and challenging environment.

Manager, Credit Administration( 1 Post)
Job Summary:

Reporting to the Head of Credit Administration, the Manager is accountable for the entire credit granting process, including the consistent application of a credit policy, perfection of customers' securities, and periodic credit reviews of existing customers.

Key Responsibilities:
Shall include but not. limited to the following;

Handle a team in managing the daily administration for loan documentation in full compliance with the internal standards and external regulatory requirements;
Maintaining strong coordination with the business and legal units;
Review loan documents and liaise with internal and external parties to ensure proper and efficient delivery of credit administration duties;
Prepare and review risk management reports and ensure limit excesses, exception and non-compliances are promptly addressed;
Conduct periodical review on loan administration policy and procedures to streamline workflow;
Control the recording, deposit and withdrawal of the security documentations properly;
Ensure all lending documentation is complete as per the Bank's Policy and Procedures;
Ensure that there is a robust process for the safe custody and control of all security documents;
Ensure compliance with the internal policy, credit approval terms and conditions, regulatory ratios/policies etc.,
Responsible for collateral valuation, collateral monitoring and collateral reconciliation with original documents;
Ensuring post disbursement compliance with approved terms and conditions, review expiry of credits, progress payment insurance and post fact mortgage;
Perform any other duties as assigned by the CEO/Head of Credit
Administration from time to time.

Minimum Qualifications:
University Degree or equivalent qualifications in Business Administration,
Financial Accounting, Banking or related field;
Professional Certification in CPA (T), ACCA and others is an added advantage.
Possession of at least eight (8) years' work experience in a banking sector, five (5) of which, must be in a senior position and familiar with credit and loan management.
APPLICATION INSTRUCTIONS:

If you meet the above requirements, please send your cover letter (clearly indicating preferable position) and latest detailed Curriculum Vitae (do not attach copies of certificates or transcripts)  by post office mentioned below to reach us by Wednesday, 25th November 2015.

Only shortlisted candidates will be contacted.

Write to: The Chief Executive Officer, Mwalimu Commercial Bank PLC
(In-Formation), P. O. Box 61002, Dar es Salaam, Tel. +255 222775131.

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