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: –

1. 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

2. Credit Administration Officer

Duties and Responsibilities

  • Ensure approval conditions of all facilities are in place before and after draw down.
  • Ensure compliance of all policies, processes and procedures.
  • Identify, manage and monitor all accounts that are problematic and irregular (in grace period, watchlisted, NPL and Loss).
  • Facilitate foreclosure of assets where need be.
  • Managing and actioning all relevant Portfolio Reports.
  • Ensure correct preparation and registration of collateral documents including charges, mortgages etc.
  • Scrutiny of signed documents including offer letters before disbursements.
  • Manage cancellation and withdrawal of guarantees.
  • Manage permanent and temporary release of collateral.
  • Manage renewal of insurance and valuations for the existing facilities.
  • Safe keeping of collateral documents and ensure correct recording and checking of same.
  • Actioning and managing collateral reports.
  • Obtaining from legal documentation/Offer Letters all financial and non financial covenants, diarize, follow through and report in case of breaches.
  • Undertaking periodic and ad hoc visits / spot checks and review of clients operations. Liaising with external agents (amongst them Collateral Managers, Independent Inspectors, Warehouse Managers) on behalf of the MAIIC and supervise on their activities in line with executed service agreements.

Qualifications and Experience

  • Minimum qualification of Bachelor’s Degree in Banking & finance, Accounting, Economics or Business Administration.

Key Competencies

The job holder is required to have 5 years of relevant experience in:

  • Credit Risk Management (evaluation, monitoring, collateral management, and recoveries)
  • Credit control environment.
  • Collection procedures.
  • Kowledge of Bank credit policies and procedures.
  • Knowledge of regulatory framework for Banking and Development Finance Institutions (DFIs).
  • Applicant must have strong negotiation and computer skills.
  • Oral and written communication.

How to apply

If you are interested to apply, please electronically submit your resume and application letter to: recruitment@maiic.mw.  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.