The Head of Credit is responsible for planning and coordinating the SACCO’s Credit function. Specifically, the management of credit risk and maintenance of risk appetite levels defined by the Board of directors.
The Head of credit owns and is accountable for all SACCO’s credit risks arising from commercial credit activities and for maintaining risk tolerance levels for each credit portfolio.
Responsibilities
- Lead in the development and implementation of Credit Strategy for the SACCO.
- Provide oversight in credit risk management of the SACCO’S retail, agribusiness, asset-finance and SME loans
- Provide guidance on credit portfolio re-balancing in line with Board approved risk appetite
- Cascade the organizations corporate strategy into a departmental strategy and develop appropriate performance metrics applicable to the credit team
- Provide leadership and management of the credit team supported by a team of portfolio and branch managers
- Review performance of the credit management department
- Monitor and ensure credit quality and help formulate credit policy and procedures
- Develop and maintain controls for underwriting and loan administration
Qualifications
- Have a relevant degree
- Certifications in credit, accountancy etc will be added advantage
- Be between 35-40 years of age.
- At least six (6) years relevant experience in the same or related position in a licensed financial institution.
- Possession of a Certified Credit Professional Certificate will be an added advantage.
DISCLAIMER
The above information on this description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job.
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