Credit Administration Officer Job at NMB Bank

Credit Administration Officer Job Vacancy at NMB Bank – April 2025

Position: Credit Administration Officer
Company: NMB Bank PLC
Location: Dar es Salaam, Tanzania
Working Hours: Full-time

About NMB Bank

NMB Bank Plc is a commercial bank in Tanzania and one of the largest financial institutions in the country. It is licensed by the Bank of Tanzania and provides a wide range of financial services.

Job Purpose

The primary responsibility of this role is to oversee and manage the loan documentation process for credit facilities, ensuring accuracy, compliance, and efficiency throughout the entire credit lifecycle.

Main Responsibilities

Review and process loan documents (offer letters and terms of reference) timely and accurately as per the approvals.
Coordinate, support, and guide business units on security documents submission to the legal department for security documents preparation and perfection at relevant authorities within the agreed turnaround time.
Review all the condition precedents as per the approval and ensure no booking is affected into the system prior to meeting all conditions unless approved otherwise.
Assist in reviewing drawdown memos by ensuring that Conditions Precedent (CPs) have been complied with and legal opinions are in place before sending drawdown memos to Credit Operations.
Track and follow up on exceptions approved by relevant authorities to ensure no long-pending outstanding security documents remain unresolved.
Ensure timely renewal of insurance covers and payment of land rent on properties held as security.
Test all financial covenants as per the approved thresholds and testing frequencies.
Monitor portfolio status and communicate to business units regarding facilities due for renewal to prevent unnecessary extensions.
Identify early warning signs of deterioration on individual accounts to initiate early remedial management and minimize loan losses.
Maintain accurate records and documentation for all loan transactions.
Facilitate loan collateral discharge and release for fully paid-off facilities.
Provide support to branches and customers by responding to inquiries and tracking resolutions.
Stay updated on industry regulations and best practices related to loan documentation.
Conduct audits and quality checks to ensure compliance with internal procedures and regulatory guidelines.

Knowledge and Skills

Strong understanding of business administration, corporate management, corporate law, banking and finance, and land law.
Technical knowledge of banking, legal and lending procedures, guarantee schemes, and corporate lending.
Attention to detail and strong analytical skills.

Qualifications and Experience

Bachelor’s degree in Banking, Business Administration, Finance, Accounting, Commerce, Law, Economics, or related fields.
Minimum 1 year of working experience in banking, preferably in credit functions.

Equal Opportunity Employer

NMB Bank Plc is an Equal Opportunity Employer committed to diversity and gender balance. Female candidates and people living with disabilities are strongly encouraged to apply.

⚠️ NMB Bank does not charge any fee in connection with the application or recruitment process. If you receive a solicitation for payment, please disregard it.