Afreximbank Manager, Loan Remediation Job Vacancy in Nigeria

CA
Global Headhunters – Our client, Afreximbank – an African focused Trade Finance
bank, is recruiting a suitable and qualified candidate to fill the vacant
position below:

Job
Title: Manager,
Loan Remediation (Risk Management)
Reference Number: PBBLR
Location: Abuja

Duties
and Responsibilities

Manage
an assigned portfolio of distressed credit facilities/ loans to minimize
loss and maximize value of recoveries of from the sub and non-performing
assets of the bank in line with set targets;
Reschedule,
restructure credit facilities including repayment terms, as well as
develop strategies and plans to better secure collateral, collect and
monitor agreed repayments;
Define
and recommend appropriate loan work-out strategies that reduce the Bank’s
credit risk and maximize return;
Proactively
engage with borrowers, other lenders, Facility Agents, and other
departments in the Bank to obtain timely, relevant information and prepare
written in-depth analysis and loan work-out strategies that protect the
Bank and strengthen its credit risk profile;
Ensure
that comprehensive and up-to-date information, including customer credit
information, correspondences, minutes, work-out memoranda, and such other relevant
information is securely maintained and filed for all facilities in the
Loan Remediation portfolio;
Ensure
that the security package for all facilities in the Loan Remediation
portfolio is perfected, with the most recent asset valuations as appropriate.
Adhere
to the Bank’s RMPPs including the mandated collection processes;
Support
the Finance Department with reliable and timely information necessary for
informing the loan loss provisioning process of the Bank;
Work
closely with legal counsel for the initiation and implementation of legal
cases in the implementation of the loan acceleration and enforcement work
out plans;
Attend
and actively contribute to the relevant committees of the Bank including;
Pre-Assessment Committee, Business Committee, and Credit Committee to
provide timely information necessary in strengthening the Bank’s credit
assessment process;
Closely
interact with key stakeholders in the Bank including Business Development,
Credit Assessment, Credit Quality Assurance, and Operations for the timely
resolution of sub and non-performing loans;
Ensure
that non-performing loans are properly risk rated and that relevant Loan
Remediation reports are prepared on time;
Ensure
that the Loan Remediation Unit has comprehensive and updated guidelines,
policies and operating procedures that guide the operations of the unit in
line with best practice;
Provide
awareness and guidance to all stakeholders in the Bank with respect to
Loan remediation policies, practices, and standards;
Develop
reporting systems to manage, monitor and report activities related to the
Loan Remediation portfolio;
Prepare
timely and comprehensive Loan Remediation reports to Senior Management and
the Board on a monthly and quarterly basis respectively;
Attend
internal and external Bank meetings from time to time as may be guided by
the Senior Manager Loan Remediation;
Undertake
all such other duties and responsibilities as may be assigned by the
Management from time to time.

Skills,
Knowledge, and Attitude

First
degree in a relevant field and a postgraduate degree in Law, Business
Administration, Banking or Finance from a recognized University;
A
professional qualification in Law, Banking or Debt Recovery is an added
advantage;
Sound
experience of minimum 8 years with a leading financial services
organization and relevant experience in senior roles in the following
areas: loan workout, rescheduling, rehabilitation, acceleration,
enforcement, liquidation of assets and collateral, modification and/or
implementation of various forms of loan recovery strategies;
Proficient
in the use of Microsoft Office applications and utilization of various
applications for loan collections & recovery;
Ability
to communicate and function in a culturally diverse and change-oriented
setting and therefore knowledge of the workings of the main segments of
the trade finance markets and the participants in major regions of Africa;
Excellent
verbal and written communication skills in English. Knowledge of the
Bank’s other working languages is an added advantage (French, Arabic, and
Portuguese);
Impeccable
interpersonal skills and the ability to build and manage senior level
interactions with a range of external stakeholders up to executive level;
Ability
to propose innovative solutions to complex problems which have a
significant impact on the function or wider business;
Demonstrated
knowledge of banking regulations, policies and procedures relating to Loan
Workout processes;
Demonstrated
ability to deal with challenging customers and situations as well as the
ability to resolve problems using sound judgment;
Knowledge
and understanding of the laws, processes, and documentation about
foreclosures, legal action, and solvency/bankruptcies, and recovery of
delinquent commercial loans;
Possesses
the highest personal and professional integrity;
Willingness
to travel extensively and to work long hours where required to achieve the
Bank’s objectives;

Contractual
Information:

All
roles offer Tax Free Salaries paid in USD and other benefits.
Permanent
Willing
and able to relocate to Abuja
Suitably
qualified candidates from all African nationalities are encouraged to
apply

How
to Apply
Interested and qualified candidates should:
Click here to apply

Note: If you have not had
any response in two weeks, please consider your application unsuccessful
however your CV will be kept on our database for any other suitable positions.