Senior Manager; Credit Administration – Loan Documentation at NMB Bank

Senior Manager; Credit Administration – Loan Documentation at NMB Bank

NMB Bank

Dar es Salaam

Senior Manager; Credit Administration – Loan Documentation (1 Position(s))
Job Location :Head Office

Job Purpose:

Responsible for overseeing all aspects of the loan documentation process, ensuring accuracy, efficiency, and compliance with regulatory requirements. S/he will lead a team of professionals in managing the end-to-end documentation process for all business segments. Her/his leadership, strategic vision, and attention to detail will be instrumental in driving operational excellence and mitigating risk in our lending business.
S/he will assist Head of Credit Administration, strategically, in all Credit Administration Tasks.

Main Responsibilities:

Gather and review all necessary documentation required to prepare loan and security documents ensuring accuracy and completeness.
Oversee the preparation, review, and execution of loan documents, offer letters and terms and conditions ensuring accuracy and completeness as per the approval.
Verify the drawdown requests to ensure all the conditions precedent are fulfilled as per the approval, prior to disbursement.
Lead and manage a team of Senior Officers and Officers, providing guidance, coaching, and support to ensure the effective execution of loan documentation processes.
Develop and maintain policies, procedures, and best practices for loan documentation, ensuring alignment with regulatory requirements, industry standards, and internal guidelines.
Monitor changes in regulatory requirements and industry trends related to loan documentation and implement updates to policies and procedures as necessary to ensure compliance.
Conduct regular audits and quality assurance reviews of loan files to identify errors, discrepancies, and areas for improvement, and implement corrective actions as needed.
To develop and maintain strong relationships with the business segments, legal department, Credit Risk Department, and other stakeholders to facilitate smooth coordination and communication throughout the loan documentation process.
Serve as a subject matter expert on loan documentation matters, providing guidance, training, and support to staff members and internal stakeholders as needed.
Collaborate with technology teams to identify opportunities for process automation and efficiency improvements in loan documentation workflows.
Prepare and present regular reports and updates on loan documentation activities, metrics, and performance to senior management and other stakeholders.
Ensure that all the credit committees (watchlist forum, watchlist and SAM committee, retail credit committee, wholesale credit committee, Loan Portfolio Quality Committee and IFRS 9 committee) are conducted as per the terms of reference. This involves agenda development, compiling all the documents, minutes taking, follow up on action items, communication with all stakeholders, record keeping etc.
Ensure Turn-Around-Times (TATs) are as per the agreed Service Level Agreements (SLAs) for all the tasks under the Credit Administration unit.
Ensure policy breaches/ exemptions, if any, are properly authorized at the correct level and tracked for closure.
Participate fully in various departmental projects.
Ensure that all queries and enquiries for wholesale are closed on a timely basis.
Perform any other duties as may be assigned by the CCO and Head of Credit Administration.

Knowledge and Skills:

In-depth knowledge of loan documentation, Understanding of BOT regulations, Credit Policies, Overall knowledge in Credit.
Technical Credit Administration, Credit Monitoring and Secretariat Duties,
Behavioral Proactiveness, Attention to detail, effective communication, and interpersonal skills, with the ability to inspire and motivate team members and collaborate effectively with internal and external stakeholders.

Qualifications and Experience:

Bachelor’s degree in Business Administration, Finance, Accounting, or a related field.
Master’s degree or professional certification is an added advantage.
Minimum of 5 years’ experience in loan documentation, credit administration, or related roles within the financial services industry, 3 years of it being in a Managerial role.
NMB Bank Plc is an Equal Opportunity Employer. We are committed to creating a diverse environment and achieving a gender balanced workforce.
Female candidates and people living with disabilities are strongly encouraged to apply for this position.

NMB Bank Plc does not charge any fee in connection with the application or recruitment process. Should you receive a solicitation for the payment of a fee, please disregard it.

Only shortlisted candidates will be contacted.

Job opening date : 16-May-2024Job closing date : 30-May-2024

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