Senior Credit Unit Officer

 Job Summary:

Duties and Responsibilities of Senior Credit Unit Officer:

1)  Perform Operations Support function for VITHEY Microfinance

Key Responsibilities

Credit Assessment and Approval:

• Evaluate credit applications and conduct thorough credit analyses.
• Approve or recommend loans within the established credit limits and guidelines.
• Ensure timely and accurate processing of credit applications.

Risk Management:

• Monitor and manage the credit portfolio to minimize risk and ensure high-quality assets.
• Implement and enforce credit policies and procedures.
• Conduct periodic reviews of existing credit facilities to identify and mitigate potential risks.

Team Leadership:

• Mentor and provide guidance to junior credit unit officers.
• Conduct training sessions to enhance the skills and knowledge of the credit team.
• Lead by example in maintaining high standards of professionalism and integrity.

Customer Relationship Management:

• Maintain strong relationships with clients to understand their financial needs and provide appropriate credit solutions.
• Address and resolve customer inquiries and issues promptly.

Reporting and Compliance:

• Prepare and present detailed credit reports and analysis to the Operations/Credit Unit Manager.
• Ensure compliance with all regulatory requirements and internal policies.
• Conduct regular audits of credit files to ensure accuracy and completeness.

Strategic Contribution:

• Contribute to the development and implementation of the credit strategy.
• Identify opportunities for process improvements and efficiency gains.
• Stay updated on industry trends and best practices in microfinance credit management.

Portfolio Management:

• Regularly review and analyze the performance of the credit portfolio.
• Develop and implement strategies to manage and improve the quality of the credit portfolio.
• Identify and manage non-performing loans (NPLs) to minimize losses.

Client Assessment and Monitoring:

• Conduct field visits to assess the business operations and repayment capacity of potential and existing clients.
• Monitor the financial health and repayment behavior of clients through periodic reviews and visits.

Policy Development:

• Participate in the development and updating of credit policies and procedures of VITHEY Co., Ltd,
• Ensure that all credit policies are in line with Vithey MFI's objectives and regulatory requirements.

Technology and Innovation:

• Leverage technology to streamline credit processes and enhance efficiency.
• Stay abreast of technological advancements in credit management of VTM’s microfinance.

Stakeholder Engagement:

• Collaborate with other departments such as operations, finance, and legal & Compliance, IT&MIS, HR Department to ensure a cohesive approach to credit management.
• Engage with external stakeholders such as auditors, regulators, and industry bodies to stay informed on best practices and regulatory changes.

Training and Capacity Building:

• Develop training materials and programs for credit staff.
• Conduct workshops and seminars to build the capacity of the credit team and other relevant staff.

Strategic Planning and Execution:

• Assit in the formulation of the credit unt's strategic plans and objectives.
• Execute strategic initiatives and projects related to credit management.

Reporting and Documentation:

• Ensure all credit files and documentation are maintained accruately and in compliance with regulatory standards.
• Prepared details monthly, quartely, and annual reports on credit activities and performance metrics.

Customer Service Excellence:

• Promote a customer-centric culture within the credit unit.
• Ensure that all interactions with clients are conducted professionally and ethically.

Market Research and Analysis:

• Conduct market research to identify new opportunities for credit products and services.
• Analyze market trends and competitor acivities to inform credit strategies.

Compliance and Audit:

• Coordinate market research to identify new opportunities for credit products and services.
• Implement audit recommendations and corrective actions promptly.

2) Qualifications:

• Bachelor's degree
• Minimum of 4 years of experience in  credit analysis, underwirting, or related roles in microfinance sector.
• Strong understanding of credit risk management principles and practices.
• Excellent analytical, problem-solving, and decision-making skills.
• Proficient in financial analysis.
• Strong leadership and team management abilities.
• Excellent communicaiton and interpersonal skills.
• High level of integrity and ethical standards.
• Computer Skill: Microsoft Office
• Being good at English is and additional advantage

 Interested, please submit your CV and supporting documents to the address below:

Address: # 1192A, Corner of Yaza Htarni Road & Padauk Street, Pyimana Township, Naypyitaw.
Email to: recruitment@vitheymfi.com.
Phone: +95 98 837 44 874
Deadline for receiving application: 31 Oct 2024

Note: Shortlisted candidates will be contacted for writing test or interview.

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