Commercial Loan Monitoring Officer

About the Role

We are looking for a detail-oriented Commercial Loan Monitoring Officer to join our Finance (Business Support and Collections) team. The successful candidate will ensure that all commercial loan conditions are met and executed while identifying, monitoring, and communicating credit risks to mitigate risk exposure.

Key Responsibilities

Disbursement Verification

• Review all transaction documents provided by the Juristic team and verify against credit committee approval.
• Ensure all disbursement conditions have been met before processing.
• Complete and submit instruction forms for Corporate Finance team approval.

Loan Monitoring & Risk Management

• Review Terms of Conditions (ToC) to ensure transactions meet required conditions.
• Escalate breaches or deterioration in credit quality to the Head of Department (HOD).
• Monitor the commercial credit portfolio to identify risks and recommend mitigation strategies.
• Ensure compliance with statutory regulations, internal policies, and procedures.
• Provide regular reporting to credit governance forums.

Collections & Recovery

• Track periodic collections against loan agreements and escalate missed payments to the HOD.
• Compile and submit a watchlist of distressed clients for review.
• Recommend actionable outcomes to improve collections and loan performance.
• Analyze distressed customers to determine appropriate recovery actions.

Compliance & Process Improvement

• Review and analyze credit policies and recommend improvements.
• Ensure adherence to organizational and regulatory requirements.
• Support internal documentation and process improvement initiatives.

Learning & Development

• Participate in professional development opportunities.
• Engage in team learning initiatives to enhance skills and knowledge.

 Qualifications & Experience

• Education: Bachelor’s degree in finance or a related field (Essential).
• Experience: Minimum of 3 years in finance or a related field (Essential).
• Regulatory Knowledge: Understanding of FICA, NCA (Advantageous).

Skills & Competencies

• Financial analysis and risk management
• Strong analytical and problem-solving skills
• Client relations and negotiation skills
• Ability to work under pressure and handle conflicts effectively
• Proficiency in MS Word, Excel, and PowerPoint (Intermediate level)
• Business acumen and strong interpersonal communication skills
• Valid Code B motor vehicle license (Essential)