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Purpose of the Job:

To drive the execution of credit risk strategies that optimize the subsidiary’s credit portfolios from a reward versus risk perspective while balancing capital constraints and market sensitivity to levels of non-performing debt..

Critical Deliverables /Core Accountabilities and Responsibilities:

• Responsible for credit assessment of all lending products within mandated levels.
• Analyze financial information in preparation of credit applications and make recommendations based on findings, within the credit parameters, to be presented to a higher mandate.
• Assess various products including, but not limited to, home loans, overdrafts, and personal individual loans (knowledge of these products is an added advantage).
• Ensure efficient implementation and compliance with Letshego’s policies and procedures related to credit risk.
• Oversee the administration of lending products such as home loans, personal loans, and overdrafts.
• Provide recommendations for achieving set loan book performance targets.
• Ensure all loans and lending procedures comply with applicable regulations.
• Analyze new customers’ creditworthiness.
• Provide training on credit assessment to front-line staff (sales).
• Provide credit reports to the Credit Manager.
• Review and confirm collateral position of the client in preparation of credit applications.
• Adhere to agreed turnaround times for credit applications while maintaining the validity and quality of assessments by complying with policies and procedures.
• Stay informed on changes in the micro and macro-economic, political, legislative, and social environment to provide appropriate lending advice.

Minimum requirements

• Grade 12 certificate with minimum of 25 points.
• A degree in Finance, Information Systems, Economics, or similar field.
• Experience in credit management gained in Consumer Finance, SME, or Microfinance environment.
• At least 3 years’ experience in Credit Risk within Banking or Financial Services.
• Knowledge of local laws, rules, and regulations.
• Understanding of credit risk strategies to maximize benefit from opportunities and provide input to business growth.
• Hands-on experience with credit risk management systems.
• Ability to analyze and monitor country credit risks that face the business.
• Ability to devise solutions relevant to specific situations considering local laws and norms.
• Quality assurance of all loan portfolios.
• The ability to assess business financials is an added advantage.

The company ONLY accept applications via their career portal. Interested candidates can apply via the link below:

Apply online via: Letshego Namibia Career Portal

Closing Date: 27 June 2024