Job Description

The Malawi Agricultural and Industrial Investment Corporation (MAIIC) is a private sector-led development finance institution (DFI) incorporated in November 2018 under the Company’s Act. It was established to bridge the long-term financing gap in Malawi and spearhead private sector development. As a commercially oriented DFI, MAIIC plays a leading role in socio-economic development of the country in line with the Malawi Growth and Development Strategy III.

Applications are invited for the following: –

Post;Credit Risk Manager

Duties and Responsibilities

Ensure quality asset book growth

• Make sound credit risk assessment.
• Make timeous and sound and pragmatic recommendations and decisions.
• Facilitate, manage and recommend for approval facilities within credit risk appetite and authority.
• Facilitate continous improvements of facility approval processes and tools.

• Ensuring approvals are in line with policy, guidelines and schedule of authority.

Management of Credit Strategy;

• Implement, monitor and maintain a strategic plan for credit function together with an execution framework to support MAIIC’s vision.
• Manage and control  the unit strategies and campaigns within the team.
• Assist in preparation, implementation and awareness of new policies and review of existing policies.

Management of MAIIC Customer Portfolio;

• Timely facility renewals and reviews.
• Ownership and understanding of the risk profile of the overall portfolio.
• Coordinate and ensure that the post implementation of facilities and legal documentation is in accordance with the conditions.
• Articulate credit appetite and give guidance to structure of deals and documents required.

Team Management;

• Establish an effective team, ensuring that all the required functions are adequately and timely addressed.
• Ensure capacity and succession planning is in place.
• Assist with the implementation of HR policies and people management practices.
• Ensure that the team is competent, trained and that the correct structure, culture and leadership qualities are introduced and maintained.
• Increase awareness of any applicable statutory governance or legislation.

Monitoring of irregular accounts;

• Daily management,escalation and control of portfolio irregularities.
• Monitoring of conditions of sanction.
• Make timeous, sound and pragmatic recommendations and decisions in managing accounts within portfolio.
• Managing Watchlist and NPL proceses.

Budgeting and Management of Cost and Revenue;

• Making budgets for the unit, including provisions, administration and training.
• Managing costs and revenues within set budgets.
• Effective offfice administration.

Qualifications and experience;

• Minimum qualification of Bachelor’s Degree in Banking & finance, Accounting, Economics or Business Administration.
• Those with a Master’s in business administration will have added advantage.

Key Competencies;

The job holder is required to have 7 years of relevant experience in:

• Credit Risk Management (analysis and evaluation, monitoring, collateral management, and recoveries)
• Banking and Finance
• Accounting
• Knowledge of Bank credit policies and procedures
• Knowledge of regulatory framework for Banking and Development Finance Institutions (DFIs).
• Oral and written communication

How to apply;

If you are interested to apply, please electronically submit your resume and application letter to: [email protected].

All Applications should be clearly marked with the respective position being applied. The application letter should be addressed to:

The Managing Director
Malawi Agricultural and Industrial Investment Officer
Gowa House
African Unity Avenue
Lilongwe

Deadline for receiving applications is 12th February 2021. Only shortlisted candidates will be acknowledged.