Manager, Loan Remediation at African Export-Import Bank (Afreximbank)

Afreximbank – an African focused Trade Finance bank – is recruiting for this role and various others.  Should you meet the minimum requirements, kindly apply for the position.Job Title: Manager, Loan RemediationLocation: Abuja, NigeriaReference No: PABResponsibilities: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;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 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;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.

Apply at