Officer; Credit Administration job at NMB Bank

The primary responsibility of this role is to Oversee and Manage the loan documentation process for credit facilities, ensuring accuracy, compliance, and efficiency throughout the entire Credit lifecycle.

Main Responsibilities:

• Review and process loan documents (offer letter and terms of reference) timely and accurately as per the approvals.
• Coordinate, support, guide business unit on security documents submission to the legal department for security documents preparation and perfection at relevant authorities within the agreed TAT.
• Review all the condition precedents as per the approval. Ensure that no booking is affected into the system prior to meeting all the conditions present unless there is an approval to do otherwise.
• Assist in reviewing drawdown memos by ensuring that Conditions Precedent (CP's) have been complied with, and legal opinions are in place before sending drawdown memos to Credit Operations.
• Participate in tracking and follow up of the exceptions approved by relevant authority and ensure no long pending outstanding security documents without being finalized/closed.
• Review all the conditions subsequent as per the credit approval. This includes, among others, timely payment of land rent on properties held as security and timely renewal of insurance covers to safeguard bank collateral.
• Test all the financial covenants as per the approved thresholds and testing frequencies.
• Review portfolio status and communicate to business any facilities that are due for renewal of credit facilities to avoid unnecessary extensions.
• Monitor and identify signs of deterioration on individual names with a view to commence early remedial management of these accounts and thereby minimize loan losses thus directly contributing to the bottom line.
• Update all the collaterals timely and accurately into the Collateral Management tool (CMT).
• Facilitate loan collateral discharge and release for facilities which have been fully paid off.
• Perform all the annual reviews assigned by the Manager/Senior manager.
• Maintain accurate records and documentation for all loan transactions.
• Provide support to branches and customers inquiries/queries. Ensure timely response to the queries raised, track them and diarize on action taken and resolution.
• Stay updated on industry regulations and best practices related to loan documentation.
• Maintain accurate records and documentation for all loan transactions.
• Conduct audits and quality checks to ensure compliance with internal procedures and regulatory guidelines.
• Perform any other duties as assigned by Senior Managers, and Head of Department.

Knowledge and Skills:

• Business Administration, Corporate Management, Corporate Law, Banking and Finance, Land Law, solid understanding of relationships between the laws and furthering business interests.
• Technical Banking, legal and lending procedures, and policies, guarantee schemes, corporate lending, market best practices in lending procedures.
• Behavioral Attention to detail.

Qualifications and Experience:

• Bachelor's degree in Banking, Business Administration, Finance, Accounting, Commerce, Law, Economics or related fields.
• 1 year working experience in Banking preferably in credit Functions.