Senior Credit Officer (1 Post)

Tanzania Women’s Bank PLC (TWB) is a bank established under the Company Act No. 212 of  2002 for the purpose of providing access to a full range of financial services for its customers, targeting mainly customers with low income comprising of small businesses, small and medium enterprises (SMEs) with special focus and emphasis on women entrepreneurs. We seek to recruit dynamic, honest, result oriented and committed persons to fill the following vacant position

Senior Credit Officer (1 Post)

Job Summary: 
The Job holder reports to the Branch Accountant, responsible for providing leadership in management and administration of credit functions at branch level.

Duties and Responsibilities

•  Performs credit risk management
•  Reviews existing facilities of accounts on renewal dates and prepares recommendations for renewal of facilities on merit.
•  Solicits prospective loan applicants, 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 a report submit to the Managing Director.
•  To process loan applications promptly and put up appropriate recommendations to enable the approving authorities to make objective decisions.  In doing so they shall take into consideration the prospective borrowers’ credit standing, business and financial viability, management competency, industrial situation, collateral support and potential income to the institution.
•  Ensures that disbursement of funds under credit facilities extended is in line with the laid down procedures.
•     Monitoring of credit facility utilization and business performance and compliance to commitments 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 matured credit facilities and reminding borrowers of due dates.
•   Follow up repayment of matured credit and undertakes appropriate measures to recover past due credits.
•   Ensures that all interest and fees from borrowing accounts are collected promptly.
•   Reviews regularly all loans and advances, classify the advances according to the BOT Prudential Guidelines on management or Risk Assets and undertakes necessary measures to avoid deterioration of the quality of the institutions’ overall credit portfolio.
•   Ensures that loans and advances are extended in line with BOT Guidelines.
•   Co-ordinates with the Institution are appointed lawyers for legal action taken to recover overdue facilities.

Educational Qualifications

• Holders of University Degree/ Advanced Diploma in banking, economics, finance accounting or equivalent with a minimum banking experience of 4 years in credit administration.

Experience and Competence required

• Has good knowledge of various bank products, and is aware of customer preferences; is conversant with banking operations manuals and circulars; is computer literate in standard computer applications

Interested and suitably qualified individuals should visit our Website: www.womensbank.co.tz for more details and forward their applications enclosing a detailed CV and copies of professional certificates, name and address of two referees and submit/post hard copied to the below address by 14th Nov, 2012. Applications should be addressed to:

Managing Director;
Tanzania Women’s bank Plc;
Old Post Office, Mkwepu Street;
P.O.Box 72604;
Dar es Salaam.