Sterling Bank Plc Recruitment for Credit Disbursement and Control Officer – SAF


Sterling Bank Plc “Your one-customer bank” is a full service national commercial bank in Nigeria. In over 50 years of operations, Sterling Bank (formerly NAL Bank) has evolved from the nation’s pre-eminent investment banking institution to a fully-fledged commercial bank; and completed a merger with 4 other banks – Indo-Nigeria Merchant Bank, Magnum Trust Bank, NBM Bank and Trust Bank of Africa – as part of the 2006 consolidation of the Nigerian banking industry.

We are recruiting to fill the position below:

Job Title: Credit Disbursement and Control Officer – SAF

Location: Lagos
Job Type: Full-time
Specialization(s): Others

Job Summary

  • To manage the bank’s facility booking and disbursement process to ensure adequate documentation of approved facilities prior to disbursement.

Job Description

  • Ensure proper documentation for all approved facilities and maintain comprehensive and up to date credit files for each borrower
  • Ensure facility conditions are fully captured on offer letters and conditions precedent satisfied or appropriate sign-off obtained before facility disbursement is done
  • Ensure facilities booked for obligors are within approved limit and that global exposures do not exceed single obligor limit
  • Book guarantees and maintenance of register for them
  • Supervise safe and confidential keeping of credit files and documents with due restriction of unauthorized access
  • Handle booking of facilities – retail, corporate and investment.
  • Act as liaison office for BCC and BOD credit approval processing
  • Provide secretariat services for Management and Board Credit Committees
  • Maintain mark-up rates on Clients’ accounts in line with management approval
  • Prepare monthly reports to management on collateral portfolio current status and condition
  • Follow up on deferrals and restricting further utilization on expiration of approved deferrals
  • Ensure daily call over of booked facilities to confirm that collaterals were properly captured.
  • Ensure the existence of valid insurance policies for collaterals and obligors during the life cycle of the credit facilities.
  • Process the release of security documents for Legal Department.

Job Experience

  • A First Degree.
  • Second degree/Professional qualification is an added advantage.
  • Preferred candidate should be skilled in Credit Administration, Credit Analysis, have good understanding of CBN monetary policies & guidelines, loan monitoring process and delinquency management etc.

Deadline: 30th November, 2021.

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