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HEAD OF CREDIT - Twiga Bancorp Vacancies

Twiga Bancorp


Twiga Bancorp Limited (TBCL) is a fast growing Non Bank Institution established under the Banking and financial Institutions Act (1991) to carry out all banking with exception of taking deposits on Current Accounts. The Institutions has four branches, two in Dar es Salaam and one each in Arusha and Mwanza, and a sub-Branch at the Julius Nyerere international Academy kigamboni, Dar es salaam, Dar es Salaam. The Institution is in p [rocess of managing change by reengineering structure introcing new products and reinforcing efficiency and professionalism in its operations.

In order to effect envirosaged changes the institution invites suitably qualified Tanzanians to fill the following vacancy.

HEAD OF CREDIT

QUALIFICATIONS AND EXPERIENCE Applicants must posses:

First Degree in Banking Economics, finance or Accountancy or equivalent. Masters Degree is an added advantage.

Wide experience in the Credit Administration with at least 10 years five years be at senior Managerial Level.

Computer literate

Strong Interpersonal relationship capable of enhancing the image of the Institution. DUTIES AND RESPONSIBILITIES:

Prepares annual plan and targets on loan facility utilization estimated income me from credit facilities new borrowing customers.

Review existing facilities of accounts on renewal dates and recommendations for renewal of facilities new borrowing customers.

Solicits prospective loan applications conducts interviews with existing and prospective borrower on credit relationship and collects loan application and other credit documents from borrowers. Conducts credit investigation and makes inspection visits to borrowing customers’ business premises and report to be submitted to the chief Executive officer.

To process loan applications promptly and put up appropriate recommendations to enable the

Borrowers’ credit standing business and financial viability management competency industrition collateral support and potential to the institution.

Ensure that disbursement of fund under credit facilities extended is in line with the institution. Monitoring of credit facility utilization and business performance and compliance made terms and conditions prescribed on the credit facilities extended.

Encourages borrowers to utilize other products and services available at the institution. Ensures that all securities and documents are in order and registered with relevant authorities.

Prepares all required credit returns and reports both internal as well as those for submission to the bank of Tanzania.

Calls up expired or matures credit facilities and reminding borrowers of due dates

Follow up repayment of matured credit and undertakes appropriate measures to recover past due credit Ensures that all interest and fees from borrowing accounts are collected promptly.

Reviews repayment all loans and advances classify the advances according to the BOT Prudential guidelines on management or risk Assets and undertakes necessary measures to avoid determination of the quality of the institutions’ overall credit portfolio.

Ensures that loans and advances are extending in line with BOT Guidelines.

Co-ordinates with the Institution are appointed lawyers for action takes to recover overdue facilities. To perform any other duties as may be assigned by the chief Executive officer from time to time.

MODE OF APPLICATION:

Applications should include the following

Typed letter of application signed by the applicant

Detailed CV’s of the applicant

Photocopies of relevant certificates

Two recent passport sized photographs of the applicant

Name of at least two referees with complete contact details including office and residential address, fax number, telephone/mobile telephone numbers and e-mail address.
REMUNERATION

Attractive remuneration package will be offered to the successful candidate only short listed will be contacted for interview.

Applications should be address to:

The chief Executive Officer,
Twiga Bancorp limited,

P.O.Box 10119.
Dar es Salaam

To reach him not later than 15th February, 2011.