Loans Manager

Description:

Credit Manager responsibilities include creating credit scoring models, setting loan terms and determining interest rates.
Managing the activities and overseeing the performance of the credit function
Developing and implementing credit underwriting policies, procedures and controls.

QUALIFICATIONS:
A minimum QFA qualification (or APA designation)
A minimum of five years ore more relevant lending experience, ideally in a personal lending or commercial lending environment
A minimum of three years people management experience
A track record of achievement in a similar role

KEY REQUIREMENTS & Key Competencies:
Proven work experience as a Credit Manager, Credit Analyst or similar role.
Commercial lending experience.
Ability to assess, critically evaluate and interpret complex information and identify key credit risk drivers
Strong credit analysis and credit underwriting experience
Strong quantitative skills including the development or use of predictive models for credit (e.g. likely default rates) and/or risk (e.g. probability and impact)
Excellent written and oral communication skills
Financial and computer literacy
Ability to work on own initiative and to deliver agreed targets
Negotiation skills

RESPONSIBILITIES (Credit Management):Staff Supervision:
Delegate work to staff engaged in credit underwriting activities.
Supervise staff engaged in credit underwriting activities.
Oversee the work of solicitors employed by the credit union to give legal effect to security for larger and more complex loans

Credit Underwriting

Develop and implement credit underwriting policies and procedures to assess creditworthiness, credit risk and a potential borrowers ability to repay a loan
Ensure adherence to policies and procedures and where necessary, recommend changes
Assess loan applications and approve within limits set by credit committee and approved by the Board of Directors.
Interview members in relation to their loan applications and borrowing capability.
Ensure effective use of ICB Credit Reports and other available data sources for credit assessment
Assess risk categories and exposures (e.g. largest loans, connected borrowers, exposures to loans categories, exposures where borrowers work for a single employer)
Renegotiate and restructure member loan accounts, as appropriate, including dealing with financial and legal representatives
Ensure compliance with consumer credit regulations regarding assessment of creditworthiness / ability to repay (i.e. proof of income / outgoings) and informing the loan applicant where a credit check has taken place, if the loan is rejected
Design and implement a credit rating / scoring system for members / loans