Credit Administration & Monitoring Officer at I&M Bank (T) Limited

Credit Administration & Monitoring Officer at I&M Bank (T) Limited

Position: Credit Administration & Monitoring Officer

I&M Bank (T) Limited

Dar es Salaam

Job Purpose

Provide support on management and monitoring of corporate and retail portfolio from credit
perspective including booking of all approved facilities in the core banking system and
monitoring their performance.

Key Responsibilities/Tasks

Preparation of Reports:

I&M Bank internal reporting

• List of excess drawings over limits and current accounts without limits.
• List of Term Loan Accounts in arrears.
• List of contingent Liabilities.
• List of all Loans and Overdrafts.
• Change in risk rating and health rating.
• List of all NPA accounts to enable Credit Risk review for provisioning purposes.
• Management of commitment fees.
• Maintenance of Drawdown tracker.
• BCC and Shareholders reports.
• Overview on loan portfolio by quality.
• Overview of loan portfolio by sector, currency and asset classification.
• Overview of NPA accounts.
• Restructured and rescheduled loan portfolio.
• Large exposures in excess of 10% of Core Capital.
• 20 largest NPA account.
• Reports on credit risk indicators.
• Asset classification of large exposures
• Any other reports as may be prescribed.

BOT Reporting:

• Monthly uploads of credit information to the Credit Reference Data Bank with BOT
• Large exposures
• Related partners
• Housing loans
• Letters of guarantees and letters of credit
• Any other report as may be prescribed by BOT

System Maintenance:

• Finacle maintenance for borrowing clients.
• Term Loan disbursement and Overdraft Limit setting including staff loans.
• Renewal and enhancement of Overdraft Limits.
• Marking of temporary Overdraft Limits.
• Interest rate maintenance.
• Loan instalment and interest repayments.
• Marking of Lien.
• Account closure.
• Collection of Commitment fees, advocates fees, insurance renewal premiums, valuation
  fees, attestation expenses, etc.

Skills, Knowledge and Abilities

• Knowledge on Microsoft Applications
• Communication skills
• Report writing skills
• Knowledge of Microsoft applications
• Communication skills

Securities maintenance:

• Coordinate the exercise of obtaining signatures form our directors on our legal
  documents
• Custodian of security documents in the safe custody
• Input of security documents in the safe custody
• Input and removal of security documents from strong room
• Entering documents in the strong room register
• Follow up of insurance policies, valuation reports, land rent receipts
• Custodian of the company seal register
• Preparation of discharge memos
• Preparation of security discharge documents

Risk Management:

• Update and maintain risk procedures and systems with respect to risk identification, risk
  assessment, risk monitoring, risk mitigation strategies and risk reporting
• Ensure effective adoption and utilization of risk management tools
• Drive remediation of risk management exceptions identified during audit or risk reviews
• Promote risk management culture

Other Tasks:

• Preparations and issuance of bank guarantees.
• Preparation of memos for approval of Bank Guarantee.
• Foreign debt registration with BOT.
• Managing the loan portfolio of loans and overdrafts against 100% cash covers.
• Issuance of offer letters for Loans and Overdrafts against 100% cash cover.
• Preparation of loan disbursement memos and to ensure all conditions are met.
• Issuance of balance confirmation letters to external Auditors.
• Monitoring of insurance expiry dates, valuations, land rent receipts and SBLC’s.
• Any other duties as directed by supervisor.

Academic / Professional Qualifications

• Bachelor’s degree in finance, Accounting, Business Administration or any other related
  field

Working Experience Required

• A minimum of 1 year of working experience at Officer leve

How to Apply :

CLICK HERE TO APPLY

Closing Date: 4th October 2024.