Sponsor Wire

Liberian Bank for Development and Investment
(Monrovia)

LBDI (Liberian Bank for Development & Investment) - Job Vacancy Announcement

19 June 2009

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SPONSOR WIRE

LBDI (Liberian Bank for Development & Investment): Job Vacancy Announcement

Position: Executive Vice President Credit & Marketing

The EVP Credit & Marketing is an executive management position responsible for leadership and pro-active assistance with the strategic and tactical direction of the bank. The EVP Credit & Marketing is responsible for management, supervision, and direction of all credit activities within the bank, develops credit policies and procedures to ensure the overall quality of the bank's credit portfolio.

The EVP Credit & Marketing provides effective and articulate communication and vital credit risk management information together with credit leadership, direction and credibility with the management team and the Board of Directors.

The position reports directly to the CEO and has regular interactions with the Board of Directors.

Job Title: Executive Vice President Credit & Marketing

Grade Level: Executive

Reports To: President / CEO

Direct Reports: VP Credit

Key Responsibilities:

• To pro-actively contribute, as a member of the Executive Management team, to the formulation of the Bank's overall strategic objectives and plans in consultation with the Board of Directors.

• To work closely with the Executive  Management team and the Board to review and monitor and recommend changes where necessary to the credit strategy of the bank; and to communicate the credit strategy of the bank to all staff involved in the credit risk management process

• To convey a clear understanding of the status of the risk asset portfolio through provision of clear, current, concise and accurate information flow. Including ensuring the correct classification of all credit facilities as per the regulatory requirements and the policies of the Board as directed.

• To ensure that the Bank's credit policies, procedures and processes are implemented and effective. To take responsibility for the effective exercise of the bank's credit judgment. To oversee effective relationship management, loan review and loan administration. To ensure appropriate action is taken to ensure the overall quality of the credit portfolio is acceptable. To ensure the training, coaching and appraisal requirements of the credit department are effectively and promptly addressed.

• To oversee the  research and analysis for the identification of appropriate target markets and products and to develop the strategies for communicating to and reaching those markets and serving them profitably.

• To meet loan growth targets whilst ensuring that the Bank's loan asset portfolio is of the required quality and that NPL (Non-Performing Loans) levels are acceptable to the Board and in line with best practices and international standards;

Key Duties:

Credit

• Ensure that all resolutions and directives of the Board, Management and Regulatory Authority are implemented in a timely and efficient manner.

• Perform the full range of supervisory/managerial duties of the Credit Department, including production of bi-annual target market studies and Risk Asset Acceptance Criteria (RAAC) for the Sectors identified.

• Implementation of a system of credit analysis and control of quality for all loans made as required by the policy approved by the Board of Directors; and the application of credit ratings based on independent assessments.

• Ensure systematic review of loan files for adequacy of credit and collateral documentation, regulatory compliance, and loan policy conformance; reviews technical exceptions and deficiencies; reports continued exceptions to the Board of Directors.

• Identify problem loans, make recommendation for assignment of loans to the "watch  loan list"  that is reviewed periodically with the Board Credit Committee; make recommendations regarding the future credit information needs; identify loans meeting non-accrual  or charge-off criteria.

• Design and prepare appropriate monthly/ quarterly/ annual Management and Board Credit Reports, which are accurate and timely.

• Analyze monthly the adequacy of the provision for loan losses.

• Prepare periodic studies of various portions of the loan portfolio including past due reports, concentration of credit, and other credit risk reports
  

• Based on compliance or loan reviews and the dissemination of other pertinent materials evaluate and recommend credit policy or procedure changes.
  

• Establish and monitor realistic marketing plans for Credit Relationship Officers.
  

• Keep informed on developments in the market and competition in the provision of credit products to meet or exceed the budgeted objectives for asset growth.
  

• Develop new credit products and services to meet market demands.
  

Marketing Credit

• Determine, prepare and direct overall PR and marketing strategy
  

• Develop PR, marketing, and advertising program with quantifiable objectives to measure results.
  

• Analyze marketing trends; recommend and implement marketing and business development and branding strategies based on trend analysis and feedback.
  

• Prepare and manage the overall marketing and business development budget.
  

• Develop and implement business plans and strategies designed to identify business opportunities with existing and prospective customers and clients.
  

• Develop and manage high performance PR, marketing and advertising culture through effective performance management and communication.
  

• Oversee design and production of all aspects of audio and visual marketing needs, including print ads, publications, television and radio advertisement, and web-site development.
  

General

• Ensure that all Executive, Board and Regulatory directives are implemented.
  

• Assist in the development of manuals and supporting documentation to accomplish tasks/duties inherent in this position
  

• Fair and objective evaluation of subordinate staff performance.
  

• Enhance staff capacities and quality of work.
  

• Assist in the interviewing, hiring and training of staff; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.

Key Performance Indicators:  

• Growth in the loan portfolio

• Reduction in % NPL
  

• New credit products and markets

• Improvements in the Bank's image

• Increase in market share of key variables eg loans, total assets
  

Education & Experience:

• University degree, preferably with MBA or equivalent in relevant discipline

• 10 years related experience gained in banking and reputable financial institutions

• 3 years proven supervisory experience and demonstrated leadership ability.

• At least five (5) years at a senior credit managerial level in a financial or similar institution.

• Experience in regulatory compliance      

Skills:

• Strong independent thinking

• Demonstrated ability to exercise sound judgment and act independently in a multi-tasked environment

• Good oral and written communication and interpersonal skills with strong leadership

• Formal bank credit training and experience

• Use of project evaluation tools eg CONFAR III and Financial Modeling     

Interested Applicants should send their applications by e-mail to ALL of the following contact persons. The deadline for the receipt of all applications is July 31st 2009:

Contact:

Mr. Paarock VanPercy (Director, LBDI)

Email: paavp@yahoo.co.uk; and

Contact:

Dr. Richard V. Tolbert (Chairman of the Board, LBDI)

Email: bentol333@yahoo.com ; and

Contact: Mrs. Johnette Hoff Nelson (AVP HR, LBDI)

Email: jhoffnelson@yahoo.com

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