Multiple Jobs

JOB OPPORTUNITY
LOLC Finance Zambia Limited is a regulated and registered Deposit taking Non-Bank Financial Institution with a Housing Finance License. The Company currently operates from eleven locations, namely Head Office in Lusaka, Main Branch in Central Lusaka, Kitwe, Solwezi, Chingola, Ndola, Kalumbila, Kabwe, Chipata, Mansa, Choma, Mongu and Livingstone.

LOLC Finance Zambia Limited is a subsidiary of LOLC Holdings Plc which is the largest diversified and most profitable Group in Sri Lanka and is listed on the Colombo Stock Exchange. The Group has a presence in over twenty-five countries worldwide including nine countries in Africa.

To support the LOLC Finance Zambia vision, we are recruiting qualified and experienced individuals for the following position:

HEAD OF CREDIT – LOCATION: LUSAKA

Overall Objective:

To lead LOLC Zambia’s credit function by establishing and maintaining robust credit policies, ensuring regulatory compliance, and fostering a high-performance credit culture. The role is pivotal in managing credit risk, optimizing portfolio quality, and supporting sustainable business growth.

Key Responsibilities:

• Provide strategic leadership in the development and execution of credit policies, procedures, and risk management frameworks.
• Oversee the end-to-end credit appraisal process, ensuring thorough risk assessment and adherence to internal and regulatory lending standards.
• Review and approve credit proposals, maintaining a prudent balance between risk and return.
• Lead, mentor, and build capacity within the credit team to ensure consistent, high-quality credit decisions.
• Monitor portfolio performance and proactively manage credit risk exposures across all segments.
• Develop and implement credit scoring models and assessment tools to enhance decision-making.
• Ensure compliance with Bank of Zambia regulations and other statutory requirements.
• Drive continuous improvement in credit operations, including automation and system enhancements.
• Prepare and present periodic credit performance reports to senior management and the Board.
• Collaborate with other departments (e.g., Risk, Compliance, Operations) to align credit strategy with overall business objectives.
• Lead internal audits and regulatory inspections related to credit and ensure timely resolution of findings.

Qualifications & Experience:

• Full Grade 12 Certificate with credits in English and Mathematics.
• Bachelor’s Degree in Finance, Banking, Economics, or a related field. A Master’s degree or professional certification (e.g., ZICA, ACCA, CPA, CFA, or Credit Management) is an added advantage.
• Minimum of 8 years’ experience in credit risk management, with at least 3 years in a senior leadership role.
• Experience in a Non-Bank Financial Institution (NBFI) or Microfinance environment is highly desirable.
• Strong knowledge of credit underwriting, portfolio management, and regulatory frameworks.
• Proficiency in credit management systems and lending software.
• Advanced analytical skills, including financial modeling and data interpretation.
• Excellent leadership, communication, and stakeholder management skills.

CREDIT MANAGER – LOCATION: LUSAKA

Overall Objectives:
To lead and manage the credit department, ensuring sound credit practices, regulatory compliance, and the development of a strong credit culture. The role is critical in maintaining portfolio quality, managing credit risk, and supporting business growth, particularly in the SME segment.

Key Responsibilities:

• Oversee the appraisal of credit requests, ensuring alignment with lending guidelines and thorough risk assessment.
• Review and approve credit proposals, maintaining a prudent balance between risk and return.
• Ensure all lending activities comply with internal policies and regulatory requirements.
• Lead and supervise a team of credit approvers and analysts, ensuring timely and high-quality credit decisions.
• Evaluate SME credit applications and provide constructive feedback in line with policy and approval matrices.
• Review assessments conducted by SME Credit Analysts and ensure consistency in evaluation standards.
• Coordinate credit operations to ensure deliverables are met within stipulated timelines.
• Develop, implement, and monitor credit programs; provide training and coaching to enhance team capabilities.
• Strengthen the Credit Reporting & Monitoring framework to meet internal and external stakeholder requirements.
• Collaborate with Legal and Compliance teams to ensure proper documentation and legal safeguards in credit processes.
• Ensure timely and accurate preparation and submission of credit reports

Qualifications & Experience:

• Full Grade 12 Certificate with credits in English and Mathematics.
• Bachelor’s Degree in Finance, Banking, Business Administration, or a related field. Professional certifications (e.g., ZICA, ACCA) are an added advantage.
• Minimum of 5 years’ experience in credit risk management, with at least 2 years in a managerial role.
• Experience in a Non-Bank Financial Institution (NBFI) or Microfinance environment is highly desirable.
• Strong understanding of credit analysis, policies, and risk mitigation strategies.
• Proficiency in financial analysis tools and lending software.
• Advanced Excel skills and strong analytical capabilities.
• Excellent communication, leadership, and interpersonal skills.

Please clearly indicate the job title in the subject of your email and use your full name and the job you are applying for as the filename of your application for example, Credit Manager_Aaron_Banda. Applications should consist of your CV and Academic Qualifications. Hand delivered or posted applications will not be accepted. The closing date for accepting applications is 6 October, . Only short listed candidates will be contacted.