Assistant Manager – Credit

Reports to: Head – Credit Review & Control

Job Purpose: The primary responsibility is to control Credit Risk in the loan book of the Bank, which includes review of Credit Assessments (CA), remediation of high-value under-performing accounts, and monitoring and control measures to be adopted with the highest standards.

Duties:

• Review Credit Risk parameters within each Credit Application prior to submission to the Management Credit Committee, identifying credit risk elements and ensuring such elements are minimized, mitigated, and controlled, leading to overall high-standard credit quality of the portfolio.
• Manage high-value under-performing accounts, including renegotiations, restructures, and workouts, with the goal of returning business and retaining the accounts in performing status.
• Undertake close monitoring of the overall portfolio, detect early warning signals and portfolio quality deterioration, and ensure actions are taken by business units accordingly.
• Continuously improve the quality of the credit control framework.
• Provide enhanced supervision on low-rated, stressed, and watchlist accounts, including NPAs.

Remediation activities include:

• Reviewing business viability via examinations of historical performance to identify the root cause of poor performance
• Reviewing projected financials
• Physical visits to clients
• Inspection of collaterals
• Frequent meetings with clients
• Engaging relevant service providers such as lawyers, fund raising agents, valuers, investigators, and auctioneers

Requirements:

• Bachelor’s degree in Accounting, Business Administration, Banking and Finance, Economics, or similar
• Master’s degree or Post Graduate Degree in Business, Commerce, Economics, or related subjects is an added advantage
• At least 5 years of banking experience in the Corporate/Credit Lending units in a leading bank in Tanzania

Personal Attributes:

• Strong evaluation, communication, and reporting skills
• Solid experience in credit analysis
• Excellent negotiation and relationship management skills
• Debt structure and covenant setting skills
• Proficiency in Microsoft applications, Loan Origination Systems (LOS), and Core Banking Systems (CBS)

Application Instructions: Successful candidates will be contacted within 14 days after the deadline of submission. Please send your application letter and CV to: Email: recruitment2025@diamondtrust.co.tz Deadline: 4 June 2025