Overview

Sterling Bank Plc “Your one-customer bank” is a full service national commercial bank in Nigeria. In over 50 years of operations, Sterling Bank (formerly NAL Bank) has evolved from the nation’s pre-eminent investment banking institution to a fully-fledged commercial bank; and completed a merger with 4 other banks – Indo-Nigeria Merchant Bank, Magnum Trust Bank, NBM Bank and Trust Bank of Africa – as part of the 2006 consolidation of the Nigerian banking industry.

Job Position: Credit Disbursement and Control Officer – SAF

Location: Lagos

Job Summary

  • To manage the bank’s facility booking and disbursement process to ensure adequate documentation of approved facilities prior to disbursement.

Job Description

  1. Ensure proper documentation for all approved facilities and maintain comprehensive and up to date credit files for each borrower
  2. Ensure facility conditions are fully captured on offer letters and conditions precedent satisfied or appropriate sign-off obtained before facility disbursement is done
  3. Ensure facilities booked for obligors are within approved limit and that global exposures do not exceed single obligor limit
  4. Book guarantees and maintenance of register for them
  5. Supervise safe and confidential keeping of credit files and documents with due restriction of unauthorized access
  6. Handle booking of facilities – retail, corporate and investment.
  7. Act as liaison office for BCC and BOD credit approval processing
  8. Provide secretariat services for Management and Board Credit Committees
  9. Maintain mark-up rates on Clients’ accounts in line with management approval
  10. Prepare monthly reports to management on collateral portfolio current status and condition
  11. Follow up on deferrals and restricting further utilization on expiration of approved deferrals
  12. Ensure daily call over of booked facilities to confirm that collaterals were properly captured.
  13. Ensure the existence of valid insurance policies for collaterals and obligors during the life cycle of the credit facilities.
  14. Process the release of security documents for Legal Department.

Job Experience

  • A First Degree.
  • Second degree/Professional qualification is an added advantage.
  • Preferred candidate should be skilled in Credit Administration, Credit Analysis, have good understanding of CBN monetary policies & guidelines, loan monitoring process and delinquency management etc.

Application Deadline
30th November, 2021

How to Apply
Interested and qualified candidates should:
Click here to apply online

Tagged as: Banking, Graduate