Credit Manager

Industry: Microfinance

1 open position

Job Summary

The Credit Manager will be responsible for overseeing the credit assessment process, managing loan approvals, and minimizing credit risk. They ensure that loans are issued to creditworthy clients while maintaining compliance with company policies and industry regulations.

Key Responsibilities

1. Develop and implement credit policies and procedures to ensure responsible lending
2. Assess and analyze loan applications to determine creditworthiness
3. Approve or recommend loan applications based on risk assessment
4. Monitor loan portfolio performance and ensure timely repayments
5. Manage and reduce loan defaults through proactive risk management
6. Work closely with sales representatives and loan officers to evaluate clients’ financial needs
7. Ensure compliance with company policies and regulatory requirements
8. Conduct credit risk analysis and provide reports to management
9. Train and guide loan officers on credit evaluation and risk management
10. Build and maintain relationships with clients to enhance loan recovery

Qualifications & Requirements

Education & Experience

1. Bachelor’s degree in Finance, Accounting, Business Administration, or a related field
2. 3 years experience in Managerial position specifically in credit management, risk assessment, or loan processing (preferably in microfinance or banking)

Skills & Competencies

1. Strong analytical and decision-making skills
2. Knowledge of credit risk assessment and loan management
3. Excellent communication and negotiation abilities
4. Leadership and team management skills
5. Proficiency in financial software and Microsoft Office
6. High level of integrity and attention to detail