Job Title: Credit Manager (CM) – Contract Position

Company: Elegance Finance Limited

Deadline: Friday, July 5, 2024

About Elegance Finance Limited:

Elegance Finance Limited is a privately owned microfinance institution dedicated to delivering the benefits of financial services tailored to individuals, groups, and SMEs that find it challenging to access services from mainstream banks. Our investment goes beyond providing capital, creating innovative solutions tailored towards the financial needs of a growing private equity. We opened our doors in May 2012 and have since expanded to several branches with our headquarters in Entebbe.

Job Description:

Position Location: Head Office
Department: Credit
Position Reports To: Managing Director
Direct Reports: Regional Managers
Key Relationships: The Credit Manager (CM) is a senior manager reporting to the MD, and is responsible for credit operations for the Company.

Job Summary:

This role is designed to ensure EFL maintains competitive credit products that can respond quickly to market changes and meet the needs of our clients and target market (low-income entrepreneurs). The job holder is responsible for continuous review, improvement, and development of products, credit analysis, delinquency management, and credit training. The jobholder will ensure that team members have the capacity to deliver credit products efficiently and profitably, in a market-led and mission-driven approach. The CM will strive to ensure that the company presents characteristics consistent with a credit ethos that will win community trust, respond to client needs, and raise client awareness regarding the opportunities that EFL credit products can provide.

Key Responsibility Areas:

Specific Responsibilities:

  • Cultivating a corporate credit culture which drives the growth of the loan portfolio, delivers high customer satisfaction, follows customer protection principles, and enables EFL to meet its mission of improving livelihoods for low-income micro-entrepreneurs.
  • Providing leadership and clear focus for EFL employees engaged in the delivery of credit products and services.
  • Developing strategies (staffing, product, process, marketing, etc.) to enable portfolio growth and client outreach in existing and new regions.
  • Ensuring strong portfolio quality for group and individual loans, balanced alongside the need to reach the unbanked or financially excluded with unconventional methodologies.
  • Implementing and continuously updating processes and methodologies for core credit products to ensure they remain client attractive and market-focused, coordinating with the Marketing Department to incorporate research findings as needed.
  • Identifying staffing needs and actively participating in the recruitment process for credit staff.
  • Building credit staff competency, providing coaching, designing courses, and conducting training where required.
  • Working directly with staff to ensure strong quality of credit operations, and implementation of credit policies and procedures.
  • Participating in the evaluation process for branch staff, especially Regional Managers.


Education & Certifications:

  • A Bachelor’s degree in business administration, commerce, Economics, Microfinance, Development Economics, or any other relevant business-related course from a reputable university.
  • MBA is an added advantage.

Essential Knowledge and Experience:

  • 6 years of relevant experience, with 3 in banking or credit (retail development-focused).
  • Strong credit analysis skills and experience.
  • Experienced in the development of credit growth strategies, policies, and procedures at a senior level.
  • Exposure to microfinance is desired.
  • Excellent communication and negotiation skills.
  • Candidates must be knowledgeable in computer applications, especially MS Office, and should be aged below 35 years.

Other Required Skills & Competencies:

  • Should be honest, well organized, results-oriented, and reliable.
  • Should be a team player and a self-starter.
  • Should be self-motivated, innovative with a passion to achieve steep targets.
  • Should possess a strong personality and dynamism.
  • Should be able to work effectively in a fast-paced environment and under pressure.
  • Should demonstrate commercial awareness and ability to manage costs and maximize income for the organization.
  • Should have the ability to plan, organize, and prioritize work.
  • Possess a work ethic that includes neatness, punctuality, attention to detail, and accuracy.
  • Excellent interpersonal skills to facilitate interaction with the clients and other staff.

How To Apply:

All interested candidates should submit their CV and Cover Letter, NOT later than Friday, July 5, 2024.



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By Daniel

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