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CREDIT MANAGER POSITION


China Commercial Bank LTD is a private Commercial bank in Tanzania which started operation in July 2015. The bank currently operates in Dar es Salaam with one initial branch, but with aggressive plans of expanding nationwide, regionally across Africa, and the rest of the world.
The bank hereby invites applications from suitable, qualified and skilled persons ~ fill the following available vacancies

2. Credit Manager

Job Purpose
A management position that carries full responsibility for the credit approval and management process in respect of a portfolio. Develep and maintain co-operative
relationships between all stakeholders in the credit value chain. This position will likely include leadership responsibility for a team of Credit Analysts I Officers.
To safeguard and implement credit controls, by ensuring all security documents patterning to various credit facilities are properly executed and maintained in safe custody.

Key Responsibilities

• Analysis of credit applications to assess whether the credit risk is in line with the Bank's Credit Appetite, Central Bank Guidelines and relative to the profitability of the transaction
• Define and recommend to Head of Credit through close liaison with business units, realistic and acceptable parameters of the Bank's risk appetite in terms of business activities and products, size and nature of clients, industry.
• Effective provision of analyses and recommendations where applications require referral
• Responsible for the day-to-day management of credit risks arising from exposures booked
• To complete independent risk assessments and management process within tile Bank, monitoring compliance with risk related requirements and. limits imposed by regulators and the Bank
• To ensure that credit facilities are prepared and approved in compliance with established policies and exposure limits set by regulators and the Bank.
• To identify, evaluate and recommend mitigation of risks associated with credit proposals/corporate finance deals and report risk exposures arising from business units
• To make recommendations on necessary implements/amendments to credit policies and procedures and ensure that these are implemented as and when approved.
• Submit well prepared, well researched and well-reasoned recommendations on Credit Proposals in accordance with the Bank's Credit Policy.
Documentation:
• Joint effort in preparation and supervision of offer letters for approved facilities.
• Instructing Lawyers to prepare legal documents for customers pledged securities.
• Close follow up with law firms on the whole issue of preparation and registration of security documents to ensure firm control and ownership of security properties during entire lending period.
• Issuance and update of progress trading report of security documents to ensure proper perfection so as to mitigate risks in terms of losses that may result from impertection of securities.
• Ensure disbursements of approved facilities in strict adherence to set bank's credit policies and prudential guidelines.

Qualifications

• University degree in Finance, Accounting or a related course.
• Not less than 4 years of banking experience and 3 years lending/credit related activities specifically in managerial position.
• Credit evaluation experience with complex credit and structured financing.

Other Requirements

• Proven successful track record of accuracy, efficiency and commitment, with the drive and determination to meet and exceed targets.
Excellent customer service skills with an honest and trustworthy manner
• Good sales and negotiation skills
• Knowledge of, and interest in financial products and markets
• Analytical skills, computer literacy, numerical skills and statistical skills with accuracy and attention to detail.
• Excellent communication and interpersonal skills, being both a good listener and able to explain complex issues in clear and simple terms.
• Good team player skills
• Strong problem solving and decision making skills
• High level of credibility in respect of recommendations and decisions made.
• The ability to deal with new business requests and understand complex transactions and products.
• The ability to coordinate and manage the credit origination and approval process across various jurisdictions.

APPLICATION INSTRUCTIONS:

Qualifying candidates should apply in writing to or lodge their applications at the address below enclosing:

1. Application letter showing how they meet the post's requirements.
2. Comprehensive Curriculum Vitae.
3. Certified copies of relevant certificates
4. Names and contacts of three (3) work-related referees

Closing date: Applications should reach the undersigned not later than 4.00pm on
29th April 2016

Chief Executive Officer, China Commercial Bank,
9th Floor IT Plaza,
Ohio Street/Garden Avenue
P.O.Box 8189
Dar es Salaam. Tel: +255768982719
Email: info@ccbank.co.tz
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