Credit Manager

• Conducts thorough analysis of loan applications; evaluates creditworthiness and financial backgrounds of potential borrowers. Analyses credit reports, income documents, and other relevant information to make informed lending decisions.

• Regularly reviews and analyses the loan portfolio’s performance, credit metrics, and key performance indicators to identify areas for improvement and opportunities for growth.

• Establishes and maintains lending criteria and guidelines for different types of loans. Ensures that loans are underwritten in accordance with established policies and regulatory requirements.

• Leads the credit department and supervisory team. Provides guidance to ensure consistent and accurate credit decisions and exceptional customer service.

• Sets performance goals for staff in the credit department; measures and monitors results and provides productivity results 

• Conducts performance assessments in line with the Performance Management Programme

• Ensures compliance with all relevant laws, regulations and credit union policies pertaining to lending and credit operations.

• Prepares comprehensive reports on the performance of the loan portfolio and credit department.

• Recommends appropriate initiatives to expand the co-operative’s credit offerings; implements measures to improve the efficiency of the performance of the loan portfolio; enhances the member service experience; and collaborates with the Senior leadership to increase the interest income and profitability of the Co-operative.

• Seeks ways to automate processes in the credit department to improve productivity and reduce costs. 

• Analyses market trends to make recommendations for credit terms

• Bachelor’s degree in Banking, Finance, Accounting, Business Administration, Management or a related field

• A minimum of 5-10 years’ experience in credit administration and credit risk management (five of which should be at a senior level).

• Certification in underwriting a plus

• Proven experience in credit analysis, underwriting, and portfolio management in a financial institution of a similar asset size and complexity; including formal training in underwriting.

• In depth understanding of the financial services industry including risk management, compliance and regulatory requirements. 

• Extensive knowledge of digital technology and financial analysis software, spreadsheets and other relevant technology tools.

• Strong analytical skills and the ability to interpret financial data and credit reports effectively

• Advanced interpersonal and communication skills

• Leadership, team management and decision making skills

Applications may be submitted via our website: www.cfccuonline.com/careers