Credit Officer

BPI DIRECT BANKO,INC. A SAVINGS BANK; Carigara; On-site; PHP 300,000 - 540,000; Full time

Job summary

The Credit Officer at BPI DIRECT BANKO,INC. A SAVINGS BANK is responsible for quality assessment and underwriting of loan applications, ensuring the overall good quality of the loan portfolio, and guiding staff on policy application.

This role collaborates with compliance to ensure lending practices meet local regulations, may supervise a team of credit analysts, and supports monthly planning and reporting for the commercial area.

Qualifications

• Graduate of a 4-year degree course, preferably in business-related disciplines (Finance / Management / Economics).
• Minimum of 5 years of banking or microfinance experience, including 3 years as a credit analyst.
• At least 2 years of team supervision experience.
• Familiarity with the local branch community, main markets and networks.

Responsibilities

• Monitor correct use of lending methodology.
• Supervise and guide loans assessed by credit analysts.
• Lead credit committee when needed according to lending policies.
• Evaluate and improve underwriting, administration, and recovery processes.
• Analyze loan portfolio to measure results and support business goals.
• Plan monthly activities for assigned credit analysts.
• Hold weekly and monthly meetings with branches to review and validate loan files.

Skills

Field work readiness

Education

4-year degree in Business/Finance/Economics

5+ years banking/microfinance experience

Credit analysis experience (3 years)

Supervisory experience (2+ years)

Job description

Job Description

The Credit Officer is responsible for ensuring quality assessment and underwriting of loan applications, and to ensure the overall good quality of the loan portfolio. This role provides support, direction, and guidance on how loan policies and methodology should be applied for the assessment and underwriting of loans. This role might supervise a team of credit analysts. The role also works closely with compliance department to verify that lending policies and practices are within local regulation.

Duties & Responsibilities

• 1. Monitor the correct use of the organization’s lending methodology.
• 2. Supervise/ provide guidance to those loans assessed by assigned credit analysts
• 3. If necessary, lead the credit committee as per the approval levels established in the lending policies
• 4. Evaluate the lending process and policies on an ongoing basis to recommend improvements for credit underwriting, administration, and recovery
• 5. Analyze the composition of the loan portfolio to measure the results and make recommendations to achieve business goals
• 6. Carry out the planning of the monthly activities of assigned credit analysts according the established goals for the year
• 7. Conduct weekly and monthly meetings with relevant staff of assigned branches for the following purposes:
  • Review credit files of loans already granted
  • Validate information in each file
  • Organize/propose random visits clients to validate information (i.e. about 25% of clients approved during the month should be visited)
  • Provide feedback to the branch commercial team and other related teams on the evolution of the portfolio quality and the quality of the loans originated by the branch(es)
  • Prepare loan productivity reports for the commercial area/branch managers

Secondary Function

Act as Backup for Business Manager. Access of Credit Officer will be activated if the primary (Business Manager) is offsite/not available. System access as approver for account registration, corporate registration, manage customer, and agent registration. Branch operation cash management approver. Monitors loan application status and loan accounts of the clients.

Minimum Skills/Qualifications

• 1. Graduate of a 4-year degree course, preferably in business-related disciplines (Finance / Management/ Economics, etc.)
• 2. Minimum of 5 years of successful working experience in microfinance or banking, 3 of those years in credit analyst role, minimum 2 years of team supervision experience
• 3. Familiarity with the community of the branch (main markets, target segment, local network and connections, etc.).
• 4. Willing to do field work (95% of the time).