Credit Availment Officer at First Bank of Nigeria Limited (FirstBank)

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January 24, 2023 0 Comments

First Bank of Nigeria Limited (FirstBank) is Nigeria’s largest financial services institution by total assets and gross earnings. With more than 10 million customer accounts, FirstBank has over 750 branches providing a comprehensive range of retail and corporate financial services. The Bank has international presence through its subsidiaries, FBN Bank (UK) Limited in London and Paris, FBNBank DRC, FBNBank Ghana, FBNBank Gambia, FBNBank Guinea, FBNBank Sierra-Leone and FBNBank Senegal, as well as its Representative Offices in Johannesburg, Beijing and Abu Dhabi.

We are recruiting to fill the position below:

Job Title: Credit Availment Officer

Job Identification: 546
Location: Lagos
Job Type: Full-time

Job Description
Credit Availment:

  • Ensure compliance with conditions precedents to drawdown on all approved credits/Bonds & Guarantees (B&G).
  • Verify Relationship Teams’ confirmation of compliance with transaction dynamics for approved credits/Bonds & Guarantees.
  • Analyse and advise Relationship Management, exceptions on confirmation of conditions precedents to drawdown and transaction dynamic in small-large sized transactions
  • Liaise with Business Units on resolution of incomplete documentation or unavailable documents on corporate loan workflow.
  • Recommend loan set-up and availment of lines to Verification and Availment Manager upon confirmation of compliance with stipulated approval limits.
  • Ensure timely communication of approved loan set-up and availment to the BU/CPC/RPC.

Monitoring of Deferrals and Waivers:

  • Review approved deferrals and waivers for compliance with policy
  • Maintain database of imminent & expired deferrals
  • Short-dated booking of deferrals
  • Monitor deferrals for regularization

Collateral Document Colection
Collateral Reviews:

  • Ensure approved collateral documents are received bank-wide for onward delivery to Legal Services Department for perfection and safe keeping of the original at the Collateral Repository.  This is to cover all facilities to be booked on Finacle whether appraised by CAP or approved by the GH/RH/GEs under approved product programme.
  • Assess the adequacy of collaterals for transactions consummated at Business Unit levels.

Collateral Perfection Tracking:

  • Ensure approved collateral documents are received bankwide for onward delivery to Legal Services Department for perfection and safe keeping of the original at the Collateral Repository.  This is to cover all facilities to be booked on Finacle whether appraised by CAP or approved by the GH/RH/GEs under approved product programme. It is after this that availment ticket will be issued for CPC to book the loan.
  • Assess the adequacy of collaterals for transactions consummated at Business Unit levels.
  • Follow up with RMs to ensure complete documentation are provided for perfection.
  • Confirmation of collateral documentation adequacy with Legal Services for prompt perfection of collaterals and up stamping of same where necessary.

Valuation Report Review:

  • Review of valuation reports of assets for collateral adequacy and ensure no valuation is stale
  • Receive copies and file as appropriate
  • Ensure confirmation of sighting valuation report and collateral inspection form priori to disbursement

Insurance Policy Review:

  • Ensure collateral insurance policy is in place prior to drawdown
  • Escalate insurance policy exceptions where applicable.

Job Requirements
Minimum Education:

  • First Degree in Law or any field plus additional qualification in business related discipline.

Experience:

  • Minimum experience:  2 – 3 years banking experience.

Key Competency Requirements
Knowledge:

  • Bank’s Products dynamics & offerings
  • Banking structure, policies and procedures
  • Banking industry knowledge and trend
  • Regulatory Compliance
  • Banking Operations
  • Extensive knowledge of First Bank’s services/products
  • Relationship management
  • Basic Credit knowledge
  • Basic Financial planning and analysis
  • Use of banking application
  • Core Business Processes
  • Data Gathering and Analysis

Skill/Competencies:

  • Excellent Interpersonal skills
  • Effective communications skills (written and oral)
  • Internal customer relationship Management
  • Good knowledge of credit documentation
  • Excellent presentation skill
  • People management & development skill
  • Enjoy networking and alliance building.
  • Must be self- solution driven, proactive and have acceptable knowledge of the business environment
  • Adequate attention to details
  • Reasoning and analytical skills
  • Customer relationship management

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

Application Deadline  6th February, 2023.

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