Head of Credit Control 585 views

Are you a responsible, self-motivated, and reliable person?  We are seeking to fill the following vacant position within the bank.

HEAD OF CREDIT CONTROL

Job Description

The Head of Credit Control is responsible for the entire credit granting process including providing prompt, accurate, and efficient service delivery of the department to ensure excellence.  The post holder will be required to undertake the following:

1. Strategy Development, planning and Reporting Responsibilities

• Responsible to ensure that the day-to-day operations of the Credit functions are effectively and efficiently coordinated, implemented, and conducted within the framework planned by Management and agreed to by the Board, and especially regarding the Credit Policy, procedures and processes
• Contribute to the evaluation and development of operational strategy and performance in collaboration with the management team.
• Prepare the department’s different reports and deliver to the CEO as per laid down schedules and in the appropriate formats required for decision making by the CEO and the Board.
• Prepare and ensure prompt submission of report to the regulator
• In coordination with staff, discuss, develop, implement, measure and report on a strategic plan for the operational management of the Credit Department so as to meet agreed organisational performance plans within agreed budgets and timeframes
• Provide advice and guide Management and the Board on credit matters
• Examine ways of granting new loan products and services to meet client needs and place before Management for discussion and before the Board for approval.
• Carry out research and prepare researched papers and/or periodic reports for presentation to the Credit Committee and /or the Board
• Review, update or come up with new credit policies and procedures.

2. Operational responsibilities

Credit appraisal and monitoring responsibilities

• Provide tailor-made financial, technical, and advisory solutions to viable local enterprises as a catalyst in economic development
• Review of the Bank’s credit proposal and maintain a good balance between returns and risks exposure.
• Lead a team of credit appraisers to ensure high standard credit quality of the portfolio using various credit tools assessments.
• Supervise and monitor to ensure that loan details are being properly recorded and updated in the system and that there are sufficient control in place.
• Supervise and monitor to ensure that loan agreement and security document are properly issued and filed.
• Supervise disbursement of all loans and conduct appropriate site visit to ensure that the terms of sanction are being followed and.
• Oversee the monitoring of first monthly repayment, interest during grace, and the issue of reminder letters
• Supervise the preparation and presentation of all papers to the Credit Committee and to the Board of Directors and ensure that the minutes of these meetings are correctly recorded, distributed, and decisions implemented where these fall under the Credit Department’s portfolio responsibility.

Security and insurance monitoring responsibilities

• Establish clear processes and systems for sound management of the security input in both DBS system and digital registry for moveable assets.
• Supervise, monitor the process, and ensure adequate control in place to update the security value to reflect current market value in the system according to the policy.
• Establish clear processes for updating insurance details of pledged assets and ensure that the assets are insured throughout the loan duration.
• See to the preparation of regular report to brief Management and Board on the status of security, insurance and any breach matters

Management and Administrative Responsibilities

• Within agreed budgets manage and control departmental assets, expenditure, and resources
• Put in place adequate internal controls within the Department and see to compliance to the credit policies and procedures and other applicable law and regulations
• Manage the department’s transaction, ensuring compliance with the Financial Instructions, the DBS Decree and other regulations and applicable laws
• Address and report on queries raised by the Internal and External Auditors, the Audit Committee and other Committee
• Implement government regulations, environmental policies, safety regulations, and staff welfare principles within the functions, as guided or directed by the company.
• Establish and maintain appropriate systems for measuring different aspects of staff performance for their continuous development and improvement of service delivery of the department
• Manage direct reporting staff
• Protect the interest and welfare of the department’s staff and establish suitable communication lines with them
• Determine delegation of authority for all aspects of work activities and put in place the reporting mechanisms and processes
• Direct and determine selections, promotions, demotions, dismissals, staff development and other actions needed in collaboration with Human Resource Manager and in line with the HR policy of the Bank, and may be required to mentor staff in any functions or post in the Bank
• Uphold the Bank’s values and culture in the day-to-day deliverables of duties
• Any other relevant duties as assigned by the Chief Executive Officer

Job Requirements

Qualifications/Experience

• ACCA Professional Level plus 5 years post qualifying banking experience at senior level positions
• Bachelor’s Degree in Business Studies and Management or
• Bachelor’s Degree in Banking and Finance or
• Bachelor’s degree in Risk Management plus 3 years relevant working experience

Competencies

• Excellent customer services skills
• Good analytical skills
• Excellent knowledge in project appraisal
• Excellent Managing people skills
• Proficiency in project management, project appraisal and project monitoring

How to Apply?

Interested candidates should Sign-up or login to apply now or should collect an Application Form at the Reception Desk or download the form from DBS website: www.dbs.sc OR

The following should accompany the application:

• Letter of application with a copy of passport sized photograph
• Completed application form
• Curriculum Vitae
• Copies of certificates and references
• Police Character Certificate

The above should be addressed to:

Development Bank of Seychelles

Independence Avenue

PO Box 217

Victoria

Or email:  [email protected]

Closing Date:  10^th November 2026

Note:

In order to increase your chances of a successful selection, kindly ensure that your application is complete and that all relevant information such as your qualifications have been provided with your application.   Otherwise, the Employer reserves the right not to consider your application for selection.