Credit Analyst Full Time

Caritas Microfinance Bank is the fastest growing Microfinance Bank in Kenya whose vision is ‘The Household Bank that Adds Value to All’. As part of our expansion strategy, we are seeking competent and qualified staff to fill the following position.

CREDIT ANALYST JOB PURPOSE

Reporting to the Credit Manager and assists in overseeing and implementing the Bank’s
Risk Management & Compliance framework

KEY RESPONSIBILITIES AND ACCOUNTABILITIES

On-boarding good quality credit facilities to support business growth
Ensuring adherence to the Bank’s credit policy and the CBK prudential guidelines in lending
Responsible for timely, error & fraud-free review of customer facility requests
Ensuring adherence to the SLAs relating to completion and progression of credit applications; Ensuring the correct securities are stated in all the credit applications and any gaps on securities are escalated to the Head of Credit Risk Management, and Legal for corrective
Effective organization and follow up on action points of various Credit Risk Committee
Ensuring the unit SOP is up to date and
Monitoring conditions of approval of
Ensuring proper filing and archiving of all documentation generated from processing transactions within the unit
Ensure critical risk monitoring for compliance with all statutory requirements and monitor the entire Company’s Portfolio, highlighting specific action points for accounts in excess/over approved limits, and loans in arrears
With the help of periodical diaries from the Credit Administration unit, monitor and control pre-&post-approval -financial and non–financial covenants/conditions and compliance therein
In conjunction with the Credit Administration unit, provide the relevant input information & coordinate the updating of the Bank’s Core Banking System for purposes of compiling periodic Corporate Credit Risk Management Reports as per CBK &the Bank’s Credit Risk policies/requirements
Review and propose risk rating grades and ensure the pricing mirrors the inherent risks in all application proposals
Filing of all credit approvals with the relevant supporting documents
Preparation of letters of offer and ensuring they incorporate all approval conditions/covenants and security documents as stated therein, before final sign off
Manage the disbursement process to ensure it is as per the parameters set out in the approval
Handle credit related customer queries to their satisfaction
To perform any other duty as assigned in line with the organization goals and objective

Qualifications & Experience

A Bachelor’s degree in a business-related field
Professional accounting/banking accreditation e. CCP, CFA, ACCA or CPA will be an added advantage
3-5 years’ experience in the Banking sector Competencies & Skills
Ability to critically analyze financial data
Knowledge of banking operations, products, processes, and regulations
Excellent judgment and fact-based decision-making abilities
Ability to maintain composure under high-pressure situations and deliver results in a timely manner
Excellent written and verbal communication
Strong interpersonal skills

How to Apply

If you are up for the challenge, possess the necessary qualifications and experience; kindly send your applications and detailed CVs quoting the job title on email subject to recruitment@caritas-mfb.co.ke on or before 6th September 2021.

Only shortlisted candidates will be contacted. For more information please visit: http://www.caritas-mfb.co.ke