Reports to: Chief Executive Officer
Job role and purpose: The incumbent will be responsible for all issues of credit origination and monitoring. This includes marketing and business development to make sure the Company's portfolio grows and performs well.
Job Description
• Develops the credit policy of TMRC which amongst others include, collateral eligibility guidelihes, over-collateralization requirements for different types of collateral and borrower and procedures for managing and acquiring collateral (in the event of borrower default).
• Undertakes underwriting/inspections of client loans and pertfolio.
• Undertakes regular reviews of credit limits of clients.
• Analysis of banks' operations under mortgage lending such as mortgage rates offered, tenure of loans, defaults etc.
• Prepares suggested amendments to the eligibility criteria for refinancing and assessment of clients' credit limits.
• Prepares suggested amendments in the processes and procedures for TMRC's refinancing or mortgages in line with market needs.
• Conducts TMRC's operations to refinance mortgage loans.
• Processes applications for mortgage refinancing.
• Computes payments and funds transfer.
• Oversees arrears and defaults management.
• Coordinates with Legal Department on defaults.
• Responsible for safekeeping and collateral administration.
• Liaison with TMRC's business clients.
• Classification of potential borrowers of TMRC.
• Promotes TMRC's products arid services.
• Reviews market conditions/needs and recommends changes to the products of TMRC in accordance with market needs/demands.
Qualification and Experience
1. Degree in Economi~s/Banking. MBA preferred
2. Strong background in banking operations, credit underwriting and analysis
3. Experience in setup and implementing credit policies and procedures
4. Experience in retail credit preferably including mortgage lending
5. Experience in implementing bank operations policies and procedures .
6. Experience in loan servicing and arrears management
7. Understand financial instruments and be able to explain to potential clients
Remuneration:
Tanzania Mortgage Refinance Company Limited offers an attractive remuneration package and an excellent working environment.
Mode of application: .
Qualifying candidates should apply in writing to or lodge their applications at the address below, enclosing the following:
1. An application letter showing how they meet the post's requirements
2. Comprehensive Curriculum Vitae
3. Copies of original certificates and awards
4. Contact address including telephone number(s) and/or e-mail address(s)
5. Names and fuU address of three (3) referees
Closing date: Applications should reach at the address below before or by 24th September 2010.
Chairman, Tanzania Mortgage Refinance Company Limited, C/O CRDB Bank PLC, Azikiwe Street, P.O. Box 268, Dar Es Salaam Tanzania
Email: kimeic@crdbbank.com
Job role and purpose: The incumbent will be responsible for all issues of credit origination and monitoring. This includes marketing and business development to make sure the Company's portfolio grows and performs well.
Job Description
• Develops the credit policy of TMRC which amongst others include, collateral eligibility guidelihes, over-collateralization requirements for different types of collateral and borrower and procedures for managing and acquiring collateral (in the event of borrower default).
• Undertakes underwriting/inspections of client loans and pertfolio.
• Undertakes regular reviews of credit limits of clients.
• Analysis of banks' operations under mortgage lending such as mortgage rates offered, tenure of loans, defaults etc.
• Prepares suggested amendments to the eligibility criteria for refinancing and assessment of clients' credit limits.
• Prepares suggested amendments in the processes and procedures for TMRC's refinancing or mortgages in line with market needs.
• Conducts TMRC's operations to refinance mortgage loans.
• Processes applications for mortgage refinancing.
• Computes payments and funds transfer.
• Oversees arrears and defaults management.
• Coordinates with Legal Department on defaults.
• Responsible for safekeeping and collateral administration.
• Liaison with TMRC's business clients.
• Classification of potential borrowers of TMRC.
• Promotes TMRC's products arid services.
• Reviews market conditions/needs and recommends changes to the products of TMRC in accordance with market needs/demands.
Qualification and Experience
1. Degree in Economi~s/Banking. MBA preferred
2. Strong background in banking operations, credit underwriting and analysis
3. Experience in setup and implementing credit policies and procedures
4. Experience in retail credit preferably including mortgage lending
5. Experience in implementing bank operations policies and procedures .
6. Experience in loan servicing and arrears management
7. Understand financial instruments and be able to explain to potential clients
Remuneration:
Tanzania Mortgage Refinance Company Limited offers an attractive remuneration package and an excellent working environment.
Mode of application: .
Qualifying candidates should apply in writing to or lodge their applications at the address below, enclosing the following:
1. An application letter showing how they meet the post's requirements
2. Comprehensive Curriculum Vitae
3. Copies of original certificates and awards
4. Contact address including telephone number(s) and/or e-mail address(s)
5. Names and fuU address of three (3) referees
Closing date: Applications should reach at the address below before or by 24th September 2010.
Chairman, Tanzania Mortgage Refinance Company Limited, C/O CRDB Bank PLC, Azikiwe Street, P.O. Box 268, Dar Es Salaam Tanzania
Email: kimeic@crdbbank.com
