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Afreximbank Vacancy for a Manager, Loan Remediation

Afreximbank Vacancy for a Manager, Loan Remediation

CA Global Headhunters – Our client, Afreximbank – an African focused Trade Finance bank, is recruiting a suitable and qualified candidate to fill the vacant position below:

 

 

Job Title: Manager, Loan Remediation (Risk Management)
Reference Number: PBBLR
Location: Abuja
Duties and Responsibilities

  • Manage an assigned portfolio of distressed credit facilities/ loans to minimize loss and maximize value of recoveries of from the sub and non-performing assets of the bank in line with set targets;
  • Reschedule, restructure credit facilities including repayment terms, as well as develop strategies and plans to better secure collateral, collect and monitor agreed repayments;
  • Define and recommend appropriate loan work-out strategies that reduce the Bank’s credit risk and maximize return;
  • Proactively engage with borrowers, other lenders, Facility Agents, and other departments in the Bank to obtain timely, relevant information and prepare written in-depth analysis and loan work-out strategies that protect the Bank and strengthen its credit risk profile;
  • Ensure that comprehensive and up-to-date information, including customer credit information, correspondences, minutes, work-out memoranda, and such other relevant information is securely maintained and filed for all facilities in the Loan Remediation portfolio;
  • Ensure that the security package for all facilities in the Loan Remediation portfolio is perfected, with the most recent asset valuations as appropriate.
  • Adhere to the Bank’s RMPPs including the mandated collection processes;
  • Support the Finance Department with reliable and timely information necessary for informing the loan loss provisioning process of the Bank;
  • Work closely with legal counsel for the initiation and implementation of legal cases in the implementation of the loan acceleration and enforcement work out plans;
  • Attend and actively contribute to the relevant committees of the Bank including; Pre-Assessment Committee, Business Committee, and Credit Committee to provide timely information necessary in strengthening the Bank’s credit assessment process;
  • Closely interact with key stakeholders in the Bank including Business Development, Credit Assessment, Credit Quality Assurance, and Operations for the timely resolution of sub and non-performing loans;
  • Ensure that non-performing loans are properly risk rated and that relevant Loan Remediation reports are prepared on time;
  • Ensure that the Loan Remediation Unit has comprehensive and updated guidelines, policies and operating procedures that guide the operations of the unit in line with best practice;
  • Provide awareness and guidance to all stakeholders in the Bank with respect to Loan remediation policies, practices, and standards;
  • Develop reporting systems to manage, monitor and report activities related to the Loan Remediation portfolio;
  • Prepare timely and comprehensive Loan Remediation reports to Senior Management and the Board on a monthly and quarterly basis respectively;
  • Attend internal and external Bank meetings from time to time as may be guided by the Senior Manager Loan Remediation;
  • Undertake all such other duties and responsibilities as may be assigned by the Management from time to time.

Skills, Knowledge, and Attitude

  • First degree in a relevant field and a postgraduate degree in Law, Business Administration, Banking or Finance from a recognized University;
  • A professional qualification in Law, Banking or Debt Recovery is an added advantage;
  • Sound experience of minimum 8 years with a leading financial services organization and relevant experience in senior roles in the following areas: loan workout, rescheduling, rehabilitation, acceleration, enforcement, liquidation of assets and collateral, modification and/or implementation of various forms of loan recovery strategies;
  • Proficient in the use of Microsoft Office applications and utilization of various applications for loan collections & recovery;
  • Ability to communicate and function in a culturally diverse and change-oriented setting and therefore knowledge of the workings of the main segments of the trade finance markets and the participants in major regions of Africa;
  • Excellent verbal and written communication skills in English. Knowledge of the Bank’s other working languages is an added advantage (French, Arabic, and Portuguese);
  • Impeccable interpersonal skills and the ability to build and manage senior level interactions with a range of external stakeholders up to executive level;
  • Ability to propose innovative solutions to complex problems which have a significant impact on the function or wider business;
  • Demonstrated knowledge of banking regulations, policies and procedures relating to Loan Workout processes;
  • Demonstrated ability to deal with challenging customers and situations as well as the ability to resolve problems using sound judgment;
  • Knowledge and understanding of the laws, processes, and documentation about foreclosures, legal action, and solvency/bankruptcies, and recovery of delinquent commercial loans;
  • Possesses the highest personal and professional integrity;
  • Willingness to travel extensively and to work long hours where required to achieve the Bank’s objectives;

Contractual Information:

  • All roles offer Tax Free Salaries paid in USD and other benefits.
  • Permanent
  • Willing and able to relocate to Abuja
  • Suitably qualified candidates from all African nationalities are encouraged to apply

How to Apply
Interested and qualified candidates should:
Click here to apply

Note: If you have not had any response in two weeks, please consider your application unsuccessful however your CV will be kept on our database for any other suitable positions.

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