Credit Manager at VisionFund 

VisionFund Microfinance

Arusha

VISIONFUND TANZANIA MICROFINANCE BANK LTD

VisionFund Tanzania Microfinance Bank Ltd (VFT MFB) formerly known as SEDA is a fast growing and reputable Micro Finance Bank (MFB), has a loan book of more than TZs. 40 billion and more than 50,000 customer base, more that 5,000 of them being small holder farmers. VFT-MFB is seeking to employ a dynamic and committed Tanzanian young men & women who have passion for people’s economic development to fill in the vacant position detailed here below; detailed here below;

Work Reference No. 02/24

Position: Credit Manager

Reporting to: Head of Credit and Operations

Job Purpose

The Credit Manager will be pivotal in supervising the Independent Credit Function of VisionFund Tanzania Microfinance Bank. The primary focus is on managing credit risk through overseeing the quality origination and structuring of loans in alignment with the VFT’s risk appetite. As an integral part of the independent credit function, the Credit Manager will assist the Chairperson and supervise the centralized loan processing hub, ensuring strict adherence to credit policies and procedures. Responsibilities also encompass in-depth analysis of portfolio performance, proactive monitoring of credit risks, and collaboration with credit analysts and loan administration officers for efficient loan assessments. Furthermore, the role entails coordinating credit reference bureau activities, ensuring regulatory compliance, and delivering comprehensive reports on credit portfolio performance.

Main tasks

Implement and enhance credit underwriting policies, ensuring compliance with regulatory and IFRS requirements.
Independently compute loan loss provisions and analyze portfolio performance metrics, managing credit risk exposures.
Supervise the centralized loan processing hub, oversee disbursements, and implement corrective measures for credit risks.
Actively participate in organizing the Head Office Credit and Portfolio Performance Committee, assisting the Head Office Credit Committee Chairperson.
Prepare comprehensive monthly credit risk reports, providing recommendations for policy enhancement.
Daily supervision and training of credit analysts, focusing on cash flow analysis and projections.
Conduct training for various managerial levels, addressing weaknesses identified in the loan appraisal process.
Ensure timely submission of regulatory reports, closure of audit findings, and accuracy in credit information for regulatory submissions.
Coordinate credit reference bureau activities, resolve customer complaints within 15 days, and submit VFT portfolio information accurately and on time.
Consistently ensure update of the online collateral register for all loans submitted to hub operations.
Follow up on post-disbursement site visits for individual loan customers and ensure documentation compliance.
Undertake any other duties as assigned.

Qualifications:

A bachelor’s degree in Banking and Finance, Accounting, Finance, or a related field. A Master’s Degree would be considered an added advantage.
Certification as an Accountant or credit underwriter from a recognized institution is required.
A minimum of 5 years of progressive experience in credit risk assessment, financial analysis, portfolio management, loan structuring and re-structuring, and regulatory compliance, with at least 2 years at a managerial level.
Demonstrated expertise in driving performance and ensuring excellence in credit-related functions.
Familiarity with regulatory reporting requirements and a keen eye for ensuring correctness and timeliness in submissions.

Experience:

Demonstrated proficiency in financial procedures and applications, showcasing a strong working knowledge of key financial principles and practices.
In-depth understanding of banking practices, along with a keen awareness of related policy issues, their implications, and practical applications within the microfinance sector.
Proven track record in credit operations and management, including hands-on experience in overseeing the origination and structuring of loans, aligning with the organization’s risk appetite.
Expertise in formulating and implementing credit policies and regulations, with a focus on driving adherence and continuous improvement based on industry best practices.
Substantial experience in credit administration and supervision, ensuring rigorous oversight of loan processing hubs and adherence to established credit policies and procedures.
Proficient in payment systems methodologies and their practical implementation, contributing to the efficient disbursement and management of loans.
Comprehensive understanding of Credit Bureau strategies and functions, with hands-on experience in coordinating credit reference bureau activities to ensure regulatory compliance and data accuracy.

Other attributes.

Committed Christian
Good communication and writing skills
Competent in Microsoft word, excel and power Point
Knowledge in social media marketing V. Excellent analytical skills.
Determined personality with initiative, perseverance, self-motivated and ability to work with very minimal supervision.

About our working environment & remuneration.

VisionFund Tanzania Microfinance Bank has a calm and harmonious working environment where staffs are highly valued. Good work is recognized and rewarded accordingly and there is an opportunity to grow professionally and spiritually.

Mode of Application:

Interested and suitably qualified individuals should forward their application letter, attaching certified copies of their academic and professional certificates; detailed CV’s with three referees and also a copy of NIDA ID to [email protected]

The Chief Executive Officer,

VisionFund Tanzania Microfinance Bank Limited P.O. Box 1546,

Arusha, TANZANIA.

The position should be the subject of the email application and deadline for the application is on 29th February, 2024.

N.B. Only short-listed candidates will be contacted.

Disclaimer

VisionFund Tanzania Microfinance Bank would like to inform the general public that it has not engaged any consultant/agent to conduct recruitment on its behalf.