Manager, Credit Assessment (Project and Asset Based Finance) at African Export Import Bank (Afreximbank)

    African Export-Import Bank (Afreximbank) was founded in Abuja, Nigeria, in October 1993 by the founding African governments, private and institutional investors, as well as non-African financial institutions and private investors. Its purpose is to finance, promote, and expand intra-African and extra-African trade.

    The Bank, headquartered in Cairo, Egypt, began operations on the 30th day of September, 1994, after signing a Headquarters Agreement with the host government. Afreximbank has branch offices in Harare, Abuja, and Abidjan, with plans to open a branch office in East Africa soon.

    We are hiring for:

    Job Title: Manager, Credit Assessment (Project and Asset Based Finance).

    Job ID: JABLR0023.
    Location: Cairo, Egypt.
    Contract Type: Full-Time.

     

    Job Summary

    • This role is to support the Bank to achieve its mission of “stimulating a consistent expansion of and the diversification of African trade” in order to rapidly increase Africa’s share of global trade, while operating as a first class, profit oriented, socially responsible financial institution and a centre of excellence in African manufacturing matters” by finding and developing opportunities for business development in project finance across all member and participating states.

     

    Nature & Scope

    The position holder will be responsible for the large Corporates and  Asset Based Lending and associated portfolio as follows:

    • The primary role of the position holder will be to support the business development team(s) by managing the entire credit review process, including the consistent application of the Bank’s risk management guidelines through the assessment of the creditworthiness of potential brown field and green field projects, with the goal of minimizing bad loans.
    • The position holder will be expected to implement a best practice project finance  credit risk assessment project finance transactions (green field and brown field). This will entail a good grasp of how these markets operate and therefore what criteria is relevant and critical for assessment.
    • The position holder will also be able to demonstrate a sound competence in understanding the risk profiles conferred by different types and levels of security and will be able to constructively suggest mitigants to protect the interests of the bank.
    • The position holder will work closely with Origination and Product teams in originating and structuring bespoke transaction structure transactions to ensure a common understanding of the request and its risks and to verify that the PAM and CAM submitted reflect a true and accurate account of the proposal under consideration.

     

    Responsibilities

    Credit Management:

    • Assessment of project finance transactions across a spectrum of specializations (Project Finance Asset Based Finance, Large Manufacturing …etc)  and a range of Afreximbank’s product offerings.
    • Review of creditworthiness and risks associated with potential business transactions with appropriate tools and models, with a view to providing mitigants to identified risks;
    • Preparation of appropriate credit memos with recommendations on the creditworthiness of given transactions, bearing in mind the Bank’s laid out credit policy and procedures;
    • Presentation and defense of credit memos to the Credit Committee and incorporation of amendments that may be suggested thereto;
    • Participate in the preparation of annual business development plans impacting project finance transactions, covering all aspects of the Bank’s business cycle as espoused in the Bank’s strategic plan;
    • Periodic review of the Bank’s project finance  loan portfolio in line with the requirements of the Bank’s credit policies and procedures;
    • Prepare regular reports for Management as may be required; and
    • Any other duties which may be assigned by senior management.

     

    Requirements

    Qualifications and Skills:

    • Master’s Degree in Business Administration, Banking or Finance from a recognized university.
    • A professional qualification in Banking or Finance will be an added advantage; Relevant experience of at least 8 years within organisations familiar with project-related financing and the associated risk participation structures suitable for project related financing;
    • Ability to communicate and operate in a culturally diverse and change oriented environment;
    • Ability to engage with senior officials of banks, corporations and governments as required;
    • Excellent verbal and written communication skills in English and French – both languages are required.
    • Knowledge of the Bank’s other working languages (Arabic and Portuguese) is an added advantage;
    • Proven experience in project finance solutions, as the candidate must demonstrate experience and knowledge of structuring, negotiating and pitching project finance solutions and interventions;
    • Willingness to travel extensively and to work long hours where required in order to achieve the Bank’s objectives;
    • Demonstrated leadership capabilities, including ability to organize and manage human resources to attain goals.

     

    Application Closing Date

    21st July, 2024.

     

    Method of Application

    Qualified candidates who are interested should email their CV to Jamie Adams via: jadams@caglobalint.com using the Job Title as the subject.

     

    Contractual information

    • Permanent.
    • Willing and able to relocate to Cairo, Egypt.
    • Suitably qualified candidates are encouraged to apply.

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