Credit Review Manager

About the Role
This position is responsible for leading the credit review function, focusing on the assessment of customer creditworthiness, monitoring credit exposures, identifying key risks, and ensuring compliance with the company's credit policies and risk appetite. The role provides timely insights and recommendations to support effective risk management and informed business decisions.

Key Accountability Areas
Credit Review and Assessment:

• Lead and oversee the credit review process for customer accounts in accordance with approved credit policies, procedures, and risk appetite.
• Conduct comprehensive reviews of customer creditworthiness, financial position, payment performance, and overall credit exposure.
• Assess the adequacy of credit facilities, limits, terms, and conditions and recommend appropriate actions based on identified risks.
• Identify credit weaknesses, exceptions, and emerging risks and ensure timely escalation to the relevant stakeholders.
• Ensure that credit reviews are conducted consistently, objectively, and within established timelines and standards.

Credit Governance and Risk Oversight:

• Ensure credit review activities are aligned with the company's credit governance framework, risk appetite, and financial policies.
• Monitor compliance with approved credit policies, procedures, delegated authorities, and credit approval requirements.
• Recommend appropriate risk mitigation measures for customers with elevated credit risk or deteriorating financial performance.
• Provide oversight of credit risk exposures and highlight material risks and trends to senior management.
• Support the continuous enhancement of credit review methodologies, controls, and processes.

Credit Data Management and Reporting:

• Maintain accurate and up-to-date credit information to support effective credit review, monitoring, and decision-making.
• Ensure the completeness, accuracy, and integrity of customer credit data and supporting documentation.
• Establish and maintain appropriate records of credit reviews, findings, recommendations, and management actions.
• Prepare periodic credit review and risk reports for management, highlighting key exposures, trends, exceptions, and areas requiring attention.
• Provide management with relevant credit insights and recommendations to support informed credit risk decisions.

Stakeholder Management and Management Reporting:

• Coordinate with relevant business, finance, collections, risk, and other stakeholders to obtain information required for effective credit reviews.
• Communicate credit review findings, risk observations, and recommendations clearly to relevant stakeholders and management.
• Follow up on agreed corrective actions and ensure timely resolution of identified credit risks and exceptions.
• Provide regular updates to senior management on significant credit review findings and portfolio developments.

Role Accountability
HR Proficiency:

• Ability to recruit, recognize and cultivate high performers and expose them in order to create a robust second line of management.
• Ability to recognize low performers and guide them to improve or release them.
• Ability to treat subordinates equally without any discrimination.
• Assessment criteria of subordinates is performance that leads to planned results.
• Ensure availability of a delegation of authority matrix to have sufficient delegations as per company policy.

Responsibility:

• Must take full responsibility for operations as per the job description and required deliverables from this position, considering general company guidelines.
• Able to anticipate problems and take the necessary proactive steps to prevent them.
• Ability to make timely and proper decisions.

Delivery:

• Deliver the required results in a timely manner with the required quality and cost.
• Must make a tangible difference to the area of operation and exceed business expectations.

Business Planning and Performance:

• Able to transform corporate goals into business plans.
• Able to plan, follow up, and execute those plans, whether they are annual or development plans.
• Monitor the performance of plans and initiate actions to strengthen results, taking corrective actions accordingly.
• Provide periodic work progress reports.
• Responsible for monitoring and controlling budgets and expenses to achieve optimum cost efficiency.

Organizational Development:

• Develop the organizational structure according to current requirements, considering future and development plans.
• Ensure availability of job descriptions for all job roles and deployment.

Business Process Improvements:

• Develop and coordinate well-defined written systems, policies, procedures, and seek automation opportunities as much as possible.
• Should be conversant and able to navigate through IT solutions, especially those relevant to the job and business.
• Promote the automated systems and use them fully to spread its culture.

Quality:

• Quality is considered a prime competitive advantage; therefore, managers are expected to act accordingly.

Adaptation:

• Adapt to new techniques, technologies, management structures, and business models.

Health, Safety and Environment:

• Ensure a safe, secure, and legal work environment as per standard regulations.

Academic Qualification

• Bachelor Degree in Accounting and Finance or any relevant field.

Work Experience

• 6 to 10 years of relevant experience.

Technical / Functional Competencies

• Consolidation of Cost Accounts
• Financial Reporting
• Compliance Reporting
• Cost Control
• Cost Variance Analysis