The Senior Credit Vetting Officer will be responsible for supervising and leading a team of credit vetting professionals to ensure that all credit applications are effectively and efficiently vetted and assessed in accordance with national credit regulations and company policies and procedures. The incumbent will also be responsible for identifying areas of improvement and implementing changes to improve the credit vetting process.
Key Responsibilities:
- Supervise a team of credit vetting professionals and organize their workflow to ensure timely delivery of quality credit decisions.
- Ensure that all credit vetting procedures and policies are being adhered to by the team.
- Conduct regular training sessions for the credit vetting team to ensure that they are up to date with new policies and procedures.
- Evaluate credit applications and ensure that they are thoroughly vetted and assessed before submission to the credit committee.
- Continuously monitor the credit vetting process and identify areas of improvement.
- Work closely with the Head of Department to implement changes to improve the credit vetting process.
- Work closely with the system / technical team to ensure process automation and proficiency.
- Review business partner solutions to adhere to or better industry standards and cost-effectiveness.
- Ensure compliance with all relevant regulatory and legal requirements.
- Liaise with other departments such as sales and customer service to ensure that all credit decisions are aligned with the company’s customer service goals.
- Provide regular reports to the Credit Manager on the performance of the credit vetting team.
- Receive and process credit applications in accordance with company policies and procedures.
- Verify and update customer information to ensure that all data is accurate and up to date.
- Ensure that all required documentation is complete and accurate before submitting to the credit vetting team for assessment.
- Maintain accurate records of all credit applications and ensure that all data is securely stored.
- Communicate with customers regarding the status of their credit applications and provide assistance and guidance where necessary.
- Identify errors and discrepancies in credit applications and communicate these to the credit vetting team for resolution.
- Perform other duties as assigned by the Head of Department.
Qualifications and Experience:
- Bachelor’s degree in business or a related field.
- At least 5 years of experience in credit vetting and assessment.
- At least 2 years of experience in a supervisory role.
- Strong understanding of credit policies and procedures.
- Knowledge of relevant regulations and legal requirements.
- Strong leadership and communication skills.
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