Job Opportunity: Credit Manager at VisionFund

Job Opportunity: Credit Manager at VisionFund

Are you a dynamic and committed individual with a passion for driving economic development? VisionFund Tanzania Microfinance Bank Ltd is seeking a Credit Manager to join our team and play a pivotal role in managing the independent credit function of our organization. If you have a strong background in credit risk assessment, portfolio management, and regulatory compliance, we encourage you to apply.

Position: Credit Manager
Location: Arusha, Tanzania
Reference No.: 02/24

Job Purpose:
As the Credit Manager, you will supervise the independent credit function of VisionFund Tanzania Microfinance Bank. Your primary focus will be on managing credit risk by overseeing loan origination and structuring in alignment with our risk appetite. You will also be responsible for analyzing portfolio performance, monitoring credit risks, and ensuring compliance with credit policies and procedures.

Main Tasks:

• Develop and enhance credit underwriting policies to ensure compliance with regulatory requirements.
• Compute loan loss provisions and analyze portfolio performance metrics to manage credit risk exposures.
• Supervise the centralized loan processing hub and oversee disbursements.
• Assist in organizing the Head Office Credit and Portfolio Performance Committee.
• Prepare comprehensive monthly credit risk reports and provide recommendations for policy enhancement.
• Supervise and train credit analysts on cash flow analysis and projections.
• Ensure timely submission of regulatory reports and accuracy in credit information.
• Coordinate credit reference bureau activities and resolve customer complaints.
• Follow up on post-disbursement site visits and ensure documentation compliance.
• Undertake any other duties as assigned.

Qualifications:

• Bachelor’s degree in Banking and Finance, Accounting, Finance, or a related field (Master’s degree preferred).
• Certification as an Accountant or credit underwriter from a recognized institution.
• Minimum of 5 years of progressive experience in credit risk assessment and portfolio management, with at least 2 years at a managerial level.
• Proficiency in financial procedures and applications, regulatory reporting requirements, and credit administration.
• Strong analytical skills and ability to work with minimal supervision.

Experience:

• Demonstrated expertise in credit operations and management within the microfinance sector.
• Proven track record in overseeing loan origination and structuring, aligning with risk appetite.
• Experience in formulating and implementing credit policies and regulations.
• Proficiency in payment systems methodologies and credit bureau strategies.

Other Attributes:

• Committed Christian.
• Excellent communication and writing skills.
• Proficient in Microsoft Word, Excel, and PowerPoint.
• Knowledge in social media marketing is a plus.

Remuneration:
We offer a calm and harmonious working environment where good work is recognized and rewarded accordingly. There is an opportunity for professional and spiritual growth.

How to Apply:
Interested and qualified individuals should email their application letter, CV, certified copies of academic and professional certificates, and a copy of NIDA ID to vftHRstaff@vftz.co.tz. Please indicate the position in the subject line. The deadline for applications is February 29, 2024.

Disclaimer:
VisionFund Tanzania Microfinance Bank has not engaged any consultant/agent to conduct recruitment on its behalf.

Only short-listed candidates will be contacted.