Portfolio Management Officer

IMMEDIATE INTERNAL/EXTERNAL VACANCY ANNOUNCEMENT? ? ? ? ?? About the Organization: VisionFund Micro Finance Institution (S.C) is an Institution established according to proclamation No. 40/96 to provide financial services to the productive poor in the rural and urban areas of Ethiopia. VisionFund is currently operating in four of the Regional States of the country. VisionFund MFI is currently looking for candidates for Portfolio Management Officer. The successful candidates will have skills and experience that meet the following requirements: Major Responsibilities SPECIFIC DUTIES AND RESPONSIBILITIES ?? Ensures recovery of loans through loan follow-up on a case by case basis; ?? Undertakes close follow-up of the sick loans transferred to him/her to confirm repayment of currently maturing debts; ?? Ensures continuity of the repayment for the loan duration; ?? Carries out assessment of the borrower?s business viability by preparing key performance indicators such as profitability, activity level of the business, management of the business, etc.; Identifies non-performing loans that need special attention for further? follow?up and appropriate remedial action; Prepares and presents periodical reports on the borrower?s business performance to respective supervision for the overall Company considerations; Contacts borrowers , visits their business and provides advice to settle the arrears, overdue amount, improve utilization of the facility within mutually agreed time or gets better business management and performance; Writes a? notice to borrowers who don?t respond positively to advise them to make immediate repayment and arranges meetings with them to discuss the matter; Seeks remedial actions for loans unable to rehabilitate; prepares proposal and presents the case with? relevant documents to supervisor to decide on the issue; Forwards loans unable to rehabilitate to the Legal Officer to take legal action; Initiates write off proposal to the supervisor for conducting past write off to follow up any attachable property for the write off case in collaboration with the legal Officer. 2: Portfolio Management Prepares portfolio concentration limit manual based on the market and economic situations; Sets portfolio plans of the Company and prepares relevant ongoing activity reports to the management; Conducts loan pricing studies based on the credit risk classification of the Company; Presents provisioning reports of the Company in line with the NBE directives; Corresponds with branches and other credit originating organs on the subject of credit risk rating; Reviews and presents comments on the Credit Risk classification Manual of the Company; Conducts studies on financial ratios of different industries and determines industry average; Reviews and presents issues for revision on the credit policy and procedure of the Co