Position: Manager, Credit Service & Portfolio Division
Place of Work: Head Offices, Addis Ababa
About the Organization:
Kebronhill Microfinance Institution S.C. (KHMFI) pioneers accessible financial services, merging vision with action. Licensed by the National Bank of Ethiopia (MFI/071/2024) under Proclamation No. 626/2009, we champion community upliftment by blending profitability with social impact. Committed to regulatory integrity, we welcome Ethiopians, foreign nationals of Ethiopian origin, and organizations to join our journey. With a focus on innovation and inclusivity, KHMFI leads microfinance excellence, empowering individuals for a brighter future. Join our transformative vision and help shape a better tomorrow with us.
Major Duties and Responsibilities:
- Review the process of customer requests for loans and related services.
- Ensure the appropriateness and completeness of presented documents, collateral, or other assets.
- Interview applicants to assess creditworthiness and visit their business to verify information.
- Gather information on the applicant’s credit exposure with other financial institutions.
- Prepare and forward complete customer applications with supporting documents & due diligence reports to the Chief Operation Officer.
- Draft loan contracts for customer & company signature & prepare disbursement instructions for branches.
- Review financial statements, business plans, & other documents to assess feasibility.
- Analyze macro/microeconomic conditions, capital employed, management capacity, & business experience.
- Ensure proposed loans can generate sufficient funds for repayment within the agreed term.
- Verify that collateral value adequately covers the loan in case of default.
- Interpret analysis results and prepare recommendations for loan approval committees.
- Compile credit-related data for reporting and procedure development.
- Recommend policy and procedural improvements based on analysis and studies.
- Conduct regular follow-up on loan repayments, contacting customers regarding irregularities.
- Closely monitor loans showing signs of difficulty, including “sick” or non-performing loans.
- Assess borrower’s business viability through key performance indicators (profitability, activity level, management effectiveness).
- Advise borrowers on improving business performance and facility utilization.
- Prepare and present periodic reports on borrower performance and loan status.
- Issue notices and arrange meetings with delinquent borrowers; recommend remedial actions such as rescheduling, refinancing, or legal measures.
- Collaborate with legal officers to process foreclosure cases, prepare court documents, attend hearings, and seek property attachments when justified.
- Initiate write-off proposals and follow up on recoveries for written-off cases.
- Develop portfolio concentration limits & set portfolio plans based on market & economic conditions.
- Conduct loan pricing studies & prepare provisioning reports in line with NBE directives.
- Maintain & update the customer credit information database & ensure timely reporting from branches.
- Approve and submit credit data to the National Bank of Ethiopia; address branch and customer queries on credit information.
- Generate and submit regular reports on portfolio concentration, non-performing loans, and loan provisioning.
- Review and recommend revisions to the Credit Risk Classification Manual and credit policies.
- Ensure audit recommendations on credit processing and risk factors are implemented.
- Provide credit management information to Risk and Compliance Management Services, explaining significant variations.
- Performs other duties as assigned by immediate supervisor.
Terms of Employment: Permanent
Salary: As per the Institution’s salary scale