Head of Credit Risk
Job Description
<strong>What is FlapKap ?<br><br></strong>We are the financial growth partner for the digitally-native businesses in the Middle East and Africa. We support online businesses to overcome their cash constraints by financing their working capital and we ensure their growth without losing equity. We also give them insights on their media spend to maximize their revenues and profits.<br><br>For more info, check our website https://www.flapkap.com/<br><br><strong>Why FlapKap?<br><br></strong>FlapKap is fast, smart, collaborative and first a kind startup that aims to disrupt the financial industry in MEA. FlapKap is backed by QED, A15, Outliers, and Nclude with a total financing of $3.6m USD. FlapKap is a safe environment with a welcoming atmosphere to creativity and innovation FlapKap is dynamic and progressive. Everyday there are new challenges and significant achievements that make everyone charged, excited and proud to belong.<br><br><strong>What is this role?<br><br></strong>As a Head of Credit Risk, you’ll help FlapKap to secure its reputation and profitability by controlling risks. In this role, your responsibility is to develop better credit risk policies and procedures to alleviate losses and maintain capital. Your duties will involve examining data, building financial models, creating performance reports, ensuring regulatory compliance, and formulating credit policy.<br><br>In this role, you should be highly perceptive and methodical; with an ability to communicate effectively and present your plans in a convincing way.<br><br><strong>What will you do?<br></strong><ul><li>Perform analysis on quality of portfolio, monitor, and assess active accounts to reduce or prevent bad debt losses.</li><li>Work on and improve FlapKap’s current credit scoring processes. </li><li>Improve data collection strategy and documentation requirements to score clients.</li><li>Present credit analysis and scoring to different stakeholders at FlapKap to assess credit-worthiness of new and existing client base.</li><li>Identify early warning signals and emerging risks, and propose actions.</li><li>To review the credit portfolio and propose appropriate corrective measures are initiated so as to ensure that overall business plan objectives are met and advise management through timely reports.</li><li>To evaluate the credit process flow to identify opportunities for improvement and coordinate the implementation of the corrective tools.</li><li>To supervise the accomplishment of the risk exposure and authorization limits and generate periodic reports on results.</li><li>To provide advice about the credit processes as required, verifying that the approved policies and norms are applied.</li><li>To improve the effectiveness of the collections and recovery processes through proper segmentation and transactional analysis tools.</li><li>Conduct monthly risk incentive evaluation and take the necessary approval before execution.<br><br></li></ul><strong>Requirements<br><br></strong><strong>What skills do you need?<br></strong><ul><li>8+ years of working knowledge of consumer credit risk management in financial Institutions.</li><li>Understanding of the key drivers of consumer loan/credit financials and the underlying consumer behaviors that drive those financials.</li><li>Exceptional ability to handle several complex tasks simultaneously and also coordinate key projects with a variety of stakeholders is essential</li><li>High level of detail orientation; able to flag down small but urgent information/situations where you are required to step in, and never lose sight of small day to day seemingly unimportant events.</li><li>Impeccable negotiation and interpersonal skills: It is essential to negotiate and influence the team towards achieving a predetermined goal<br><br></li></ul><strong>Benefits<br><br></strong><strong>We offer:<br></strong><ul><li>Competitive Salaries</li><li>Hybrid working environment</li><li>Paid time off</li><li>Healthcare coverage</li><li>A highly collaborative team environment that will support your professional and personal growth</li><li>A culture that promotes Work-Life balance and Wellbeing</li><li>A culture of learning and innovation</li><li>Office located at Maadi, Cairo</li></ul>
