Head of Credit - Strategy & Business Development of the Loan/Credit Services

Recruiter:

Merand Corbett & Associates

Job Ref:

CPT000944/CW

Date posted:

Friday, November 25, 2022

Location:

Capetown, South Africa

JOB SUMMARY:
Head of Credit - Strategy & Business Development of the loan/credit services

An exciting opportunity has become available for the Head of Credit.
To be the business owner responsible for the development and management of the loans/credit product portfolio. The role is accountable to manage the overall functioning and profitability of loan products.

JOB DESCRIPTION:

The Head of Credit reports directly to the Head of Product Incubation. This position is responsible for strategically ensuring the profitability, development and management of loan/credit services. The Head of Credit will be responsible for the planning and managing of projects for implementation of loan products and monitoring of overall product performance. The role will be responsible to ensure systems, processes and controls are in place and legally compliant to different country regulatory requirements. They will be responsible for stakeholder engagement and sustainability across various departments and countries.

Duties and Responsibilities (Include but is not limited to):

Contribute to development of loan services across existing and new markets where the Company operates
Identify opportunities to expand product and service offerings
Ensure opportunities are strategically and legally viable
Create and execute strategies to maximise loan services profits in sustainable way
Carry out market analysis and monitoring of micro and macro influences
Conduct competitor analysis as well as gap analysis
Develop people, processes, and the tech solutions for loan/credit services in collaboration with different stakeholders internally and externally
Collaborate with in-country representatives with regards to projects and partnerships
Managing loan/credit products and underlying infrastructure across multiple territories
Take full responsibility for the P&L of the credit products
Observe trends and manage resource allocated to loan services
Monitor the usage of the product and implement recommendations for increasing current usage
Manage the scalability of the product
Replicate loan services to other countries
Actively manage and reduce the risk of the loan/credit portfolio
Monitor current service levels of the product
Identify improvements to current service
Identify ways to optimize current processes and procedures
Liaise with relevant stakeholders to implement changes and improvements
Act as contact person for the loan services
Build beneficial relationships with the relevant financial services boards and suppliers
Ensure all licenses are in place for the loan’s services
Monitor expiry dates and ensure no license expires
Ensure all compliance aspects are covered by liaising with the compliance team
Manage customer risk profiling to mitigate undue business risk
Work closely with Marketing to create/update card promotional material, design and run advertising campaigns
Work closely with Agents to promote utilisation of loan services
Ensure the relevant teams are driving adoption as well as improving usage
Resolve escalated service queries timeously
Investigate technical queries and refer to IT when required
Provide input into fraud cases
Design and manage collections services to reduce bad debtors
Review loan/credit services systems and support systems
Identify areas which are not efficient or effective
Propose recommendations to strategically improve systems and processes
Implement and monitor improvements
Gather accurate information regarding loan services performance statistics
Ensure all information is included on monthly operational reports

Key Requirements:

Bachelors degree or Advanced Diploma
License, Certificate, Registration Required (Relevant certifications & Professional memberships)

Additional Skills:

Knowledge of product development & management
Knowledge of commercial agreements
Knowledge of technology development
Knowledge of business and team management
Knowledge of operating and financial license requirements
Knowledge of NCR, FICA and FIAS regulations
Knowledge of banking regulations
Knowledge of compliance regulations
Networking skills
Verbal and written communications skills
Business proposal writing skill
Business and financial acumen
Interpersonal skills
Analytical skills

NB! This job is now closed. You can apply for other jobs by uploading your CV.

Similar jobs you might be interested in:

Regional Manager (Cape Town)
Location: Cape Town
Salary:
A Vacancy exists for a Regional Manager in the Technical Division based in Cape Town. the suitable candidate’s main responsibilities and duties include, but are not limited to, the following:
35 days ago

Imports Manager - Woodstock, Cape Town
Location: Capetown
Salary: Market Related
Calling all Imports Managers in Cape Town!
Today

Group Finance Manager
Location: Capetown
Salary: R70 000 per month
We are looking for a robust and commercially minded Group Finance Manager to take full ownership of the finance function across the group.
1 day ago

Sales Executive: New Business (Asset Finance)
Location: Cape Town
Salary: 38000 Monthly
This role is all about originating new business, closing quality deals, and building long-term client relationships within established credit, risk, and compliance frameworks.
2 days ago

Home Loan Consultant - Tygervalley
Location: Capetown
Salary: R15 000.00 pm + Commission + Benefits
Home Loan Consultant - Tygervalley
3 days ago

Home Loan Consultant - Kenilworth
Location: Capetown
Salary: R15 000.00 pm + Commission + Benefits
Home Loan Consultant - Kenilworth
3 days ago

Home Loan Consultant - JHB
Location: Capetown
Salary: R15 000.00 pm + Benefits + Commission
Home Loan Consultant - JHB
9 days ago

Home Loan Consultant - CPT
Location: Capetown
Salary: R15 000.00 pm + Benefits + Commission
Home Loan Consultant - CPT
9 days ago

Credit Control Manager / Debtors Manager (Temporary Contract)
Location: Capetown
Salary: R55 000.00 - R60 000.00per month
credit Control Manager / Debtors Manager (Temporary Contract)
14 days ago

Credit Analyst
Location: Cape Town
Salary:
35 days ago

Head of Credit - Strategy & Business Development of the Loan/Credit Services

Similar jobs you might be interested in:

Create a free job alert for Head of Credit - Strategy & Business Development of the Loan/Credit Services in Capetown