Credit Administrator at Phillips Outsourcing Limited Full Time

Job Title: Credit Administrator

Location: Abuja (FCT)
Employment Type: Full-time

Job Summary

• The Credit Administrator will be responsible for overseeing the credit approval process, maintaining credit files, and ensuring compliance with the Bank’s credit policies.
• This role involves working closely with the Credit analyst, relationship officers, and other team members to facilitate credit decisions and manage credit risks.

Key Responsibilities
Credit analysis:

• Assist in conducting credit analysis and evaluations to assess the creditworthiness of customers.
• Prepare reports on credit analysis and make recommendations to the credit manager.

Monitoring loan performance:

• Track and monitor loan repayments to ensure timely collections.
• Identify early warning signs of potential defaults or delinquencies.

Customer account management:

• Maintain regular communication with borrowers to address any issues related to repayments.
• Update customer records with any changes to contact information, repayment terms, or other relevant data.

Covenant compliance checks:

• Ensure that borrowers adhere to the loan covenants and conditions stipulated in the loan agreement.
• Review financial statements and other documents periodically to verify compliance.

Collateral monitoring:

• Regularly review and verify the condition and value of collateral pledged against loans.
• Ensure that collateral documentation remains valid and is renewed as necessary (e.g., insurance policies).

Loan restructuring and rescheduling:

• Evaluate requests for loan restructuring or rescheduling due to financial difficulties faced by the borrower.
• Work with the credit team to develop alternative repayment plans that minimize risk to the bank.

Repayment reconciliation:

• Reconcile loan repayments with customer accounts to ensure accuracy.
• Address any discrepancies between the bank’s records and the borrower’s payment records.

Delinquency management:

• Identify overdue accounts and take appropriate action, such as sending reminders or notices.
• Engage in early intervention strategies to work with borrowers who are experiencing financial difficulties.

Non-performing loan (NPL) management:

• Classify and manage non-performing loans in line with regulatory guidelines.
• Work with the recovery team to initiate recovery actions, including legal proceedings if necessary.

Job Qualifications

• Bachelor’s Degree in Finance, Accounting, Business Administration, or a related field.
• Minimum of 2-3 years of experience in credit administration role.
• Strong understanding of credit risk management and regulatory requirements.
• Excellent analytical skills with attention to detail.
• Proficiency in credit management software and Microsoft Office Suite (Excel, Word, PowerPoint).
• Strong communication and interpersonal skills.
• Ability to work independently and as part of a team.

Application Closing Date
18th October, 2024.

How to Apply
Interested and qualified candidates should send their CV to: [email protected] using the job title as the subject of the mail.