Portfolio Management Officer

Job Description

                       IMMEDIATE INTERNAL/EXTERNAL

                 VACANCY ANNOUNCEMENT               

About the Organization:

VisionFund Micro Finance Institution (S.C) is an Institution established according to proclamation No. 40/96 to provide financial services to the productive poor in the rural and urban areas of Ethiopia. VisionFund is currently operating in four of the Regional States of the country. VisionFund MFI is currently looking for candidates for Portfolio Management Officer. The successful candidates will have skills and experience that meet the following requirements:

1. SPECIFIC DUTIES AND RESPONSIBILITIES

Job Responsibility #1: Loan Work Out & Rehabilitation

§  Ensures recovery of loans through loan follow-up on a case by case basis;

§  Undertakes close follow-up of the sick loans transferred to him/her to confirm repayment of currently maturing debts;

§  Ensures continuity of the repayment for the loan duration;

§  Carries out assessment of the borrower’s business viability by preparing key performance indicators such as profitability, activity level of the business, management of the business, etc.;

• Identifies non-performing loans that need special attention for further  follow–up and appropriate remedial action;
• Prepares and presents periodical reports on the borrower’s business performance to respective supervision for the overall Company considerations;
• Contacts borrowers , visits their business and provides advice to settle the arrears, overdue amount, improve utilization of the facility within mutually agreed time or gets better business management and performance;
• Writes a  notice to borrowers who don’t respond positively to advise them to make immediate repayment and arranges meetings with them to discuss the matter;
• Seeks remedial actions for loans unable to rehabilitate; prepares proposal and presents the case with  relevant documents to supervisor to decide on the issue;
• Forwards loans unable to rehabilitate to the Legal Officer to take legal action;
• Initiates write off proposal to the supervisor for conducting past write off to follow up any attachable property for the write off case in collaboration with the legal Officer.

 Job Responsibility #2: Portfolio Management

• Prepares portfolio concentration limit manual based on the market and economic situations;
• Sets portfolio plans of the Company and prepares relevant ongoing activity reports to the management;
• Conducts loan pricing studies based on the credit risk classification of the Company;
• Presents provisioning reports of the Company in line with the NBE directives;
• Corresponds with branches and other credit originating organs on the subject of credit risk rating;
• Reviews and presents comments on the Credit Risk classification Manual of the Company;
• Conducts studies on financial ratios of different industries and determines industry average;
• Reviews and presents issues for revision on the credit policy and procedure of the Company;
• Follows-up proper rectification of audit reports on credit processing and credit risk factors;
• Ensures the collection /storage and compilation of credit information of customers;
• Ensures the timely receipt of regular credit reports from Area and Branch Offices;
• Ensures the updating of the “data base” from the monthly loan returns;
• Approves and reports credit information data of customers to the National Bank of Ethiopia;
• Entertains customer and/or branch’s queries pertaining to credit information;
• Provides monthly credit management information to the Risk and Compliance Management Services in a prescribed format along with explanation for variations;
• Generates information on portfolio concentration of branch on monthly and quarterly basis;
• Reports on non- performing loans by age, economic sector, branch and type on quarterly basis;
• Reports on loan provisioning on quarterly, bi-annual and annual basis;
• Works out on the remedial action for problem loans which could be rehabilitated through  rescheduling, refinancing, legal action…. etc.; and report to supervisors,
• Follows-up the progress of the cases assigned to legal officers;
• Handles and processes foreclosure case;
• prepares statements of claim and defenses declaration or affidavit and memorandum of appeal;
• Seeks attachment on properties to recover the loan loss before judgment when circumstances justify;
• Attends to court cases to which the Company is a party;
• Prepares periodic performance reports;
• Performs other duties as assigned by the supervisor.

Job Requirement

2. Qualification and Technical Skill Required

A) EDUCATION/TRAINING

§  BA Degree in Banking and Finance, Accounting or equivalent or related.

B) EXPERIENCE:

§  A minimum of 4 years of relevant work experience.

C) TECHNICAL AND OTHER SKILLS

§  Good teamwork;

§  Demonstrated technical ability to interact and work effectively with others at all levels;

§  Basic computer skills and excellent written and oral communication skills;

§  Self-starter and perseverance in character;

§  Be proficient in Microsoft with excellent excel spreadsheet skills;

§  Very good communicator.

D)WORKING CONDITIONS AND LEVEL OF TRAVEL REQUIRED

§ Office environment: typical office based but there could be occasional field travel. Travels to field up to ……. % of her/his time.