Head Of Credit
2025-09-29T12:25:20+00:00
LOLC Finance Zambia Limited
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FULL_TIME
Lusaka
Lusaka
10101
Zambia
Financial Services
Accounting & Finance
2025-10-06T17:00:00+00:00
Zambia
8
Overall Objective:
To lead LOLC Zambia’s credit function by establishing and maintaining robust credit policies, ensuring regulatory compliance, and fostering a high-performance credit culture. The role is pivotal in managing credit risk, optimizing portfolio quality, and supporting sustainable business growth.
Key Responsibilities:
- Provide strategic leadership in the development and execution of credit policies, procedures, and risk management frameworks.
- Oversee the end-to-end credit appraisal process, ensuring thorough risk assessment and adherence to internal and regulatory lending standards.
- Review and approve credit proposals, maintaining a prudent balance between risk and return.
- Lead, mentor, and build capacity within the credit team to ensure consistent, high-quality credit decisions.
- Monitor portfolio performance and proactively manage credit risk exposures across all segments.
- Develop and implement credit scoring models and assessment tools to enhance decision-making.
- Ensure compliance with Bank of Zambia regulations and other statutory requirements.
- Drive continuous improvement in credit operations, including automation and system enhancements.
- Prepare and present periodic credit performance reports to senior management and the Board.
- Collaborate with other departments (e.g., Risk, Compliance, Operations) to align credit strategy with overall business objectives.
- Lead internal audits and regulatory inspections related to credit and ensure timely resolution of findings.
Qualifications & Experience:
- Full Grade 12 Certificate with credits in English and Mathematics.
- Bachelor’s Degree in Finance, Banking, Economics, or a related field. A Master’s degree or professional certification (e.g., ZICA, ACCA, CPA, CFA, or Credit Management) is an added advantage.
- Minimum of 8 years’ experience in credit risk management, with at least 3 years in a senior leadership role.
- Experience in a Non-Bank Financial Institution (NBFI) or Microfinance environment is highly desirable.
- Strong knowledge of credit underwriting, portfolio management, and regulatory frameworks.
- Proficiency in credit management systems and lending software.
- Advanced analytical skills, including financial modeling and data interpretation.
- Excellent leadership, communication, and stakeholder management skills.
Provide strategic leadership in the development and execution of credit policies, procedures, and risk management frameworks. Oversee the end-to-end credit appraisal process, ensuring thorough risk assessment and adherence to internal and regulatory lending standards. Review and approve credit proposals, maintaining a prudent balance between risk and return. Lead, mentor, and build capacity within the credit team to ensure consistent, high-quality credit decisions. Monitor portfolio performance and proactively manage credit risk exposures across all segments. Develop and implement credit scoring models and assessment tools to enhance decision-making. Ensure compliance with Bank of Zambia regulations and other statutory requirements. Drive continuous improvement in credit operations, including automation and system enhancements. Prepare and present periodic credit performance reports to senior management and the Board. Collaborate with other departments (e.g., Risk, Compliance, Operations) to align credit strategy with overall business objectives. Lead internal audits and regulatory inspections related to credit and ensure timely resolution of findings.
Full Grade 12 Certificate with credits in English and Mathematics. Bachelor’s Degree in Finance, Banking, Economics, or a related field. A Master’s degree or professional certification (e.g., ZICA, ACCA, CPA, CFA, or Credit Management) is an added advantage. Minimum of 8 years’ experience in credit risk management, with at least 3 years in a senior leadership role. Experience in a Non-Bank Financial Institution (NBFI) or Microfinance environment is highly desirable. Strong knowledge of credit underwriting, portfolio management, and regulatory frameworks. Proficiency in credit management systems and lending software. Advanced analytical skills, including financial modeling and data interpretation. Excellent leadership, communication, and stakeholder management skills.
JOB-68da7ab088981
Vacancy title:
Head Of Credit
[Type: FULL_TIME, Industry: Financial Services, Category: Accounting & Finance]
Jobs at:
LOLC Finance Zambia Limited
Deadline of this Job:
Monday, October 6 2025
Duty Station:
Lusaka | Lusaka | Zambia
Summary
Date Posted: Monday, September 29 2025, Base Salary: Not Disclosed
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JOB DETAILS:
Overall Objective:
To lead LOLC Zambia’s credit function by establishing and maintaining robust credit policies, ensuring regulatory compliance, and fostering a high-performance credit culture. The role is pivotal in managing credit risk, optimizing portfolio quality, and supporting sustainable business growth.
Key Responsibilities:
- Provide strategic leadership in the development and execution of credit policies, procedures, and risk management frameworks.
- Oversee the end-to-end credit appraisal process, ensuring thorough risk assessment and adherence to internal and regulatory lending standards.
- Review and approve credit proposals, maintaining a prudent balance between risk and return.
- Lead, mentor, and build capacity within the credit team to ensure consistent, high-quality credit decisions.
- Monitor portfolio performance and proactively manage credit risk exposures across all segments.
- Develop and implement credit scoring models and assessment tools to enhance decision-making.
- Ensure compliance with Bank of Zambia regulations and other statutory requirements.
- Drive continuous improvement in credit operations, including automation and system enhancements.
- Prepare and present periodic credit performance reports to senior management and the Board.
- Collaborate with other departments (e.g., Risk, Compliance, Operations) to align credit strategy with overall business objectives.
- Lead internal audits and regulatory inspections related to credit and ensure timely resolution of findings.
Qualifications & Experience:
- Full Grade 12 Certificate with credits in English and Mathematics.
- Bachelor’s Degree in Finance, Banking, Economics, or a related field. A Master’s degree or professional certification (e.g., ZICA, ACCA, CPA, CFA, or Credit Management) is an added advantage.
- Minimum of 8 years’ experience in credit risk management, with at least 3 years in a senior leadership role.
- Experience in a Non-Bank Financial Institution (NBFI) or Microfinance environment is highly desirable.
- Strong knowledge of credit underwriting, portfolio management, and regulatory frameworks.
- Proficiency in credit management systems and lending software.
- Advanced analytical skills, including financial modeling and data interpretation.
- Excellent leadership, communication, and stakeholder management skills.
Work Hours: 8
Experience in Months: 36
Level of Education: bachelor degree
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