Nelson Adonias
DSM
Summary
A strategic young Tanzanian professional with 8+ years of extensive experience in credit risk analysis, portfolio management, financial risk assets analysis and impairment (IFRS 9) as well as debt recovery.
To become efficient, effective, higher integrity, respect individuals and offer the best services in my field, in saving government and private institutions, international organizations and multinational companies on designing, managing, and facilitating different programs.
Overview
11
11
years of professional experience
Work History
Associate Director – Stressed Assets Group Management (Tanzania & East Africa)
STANDARD CHARTERED BANK – TANZANIA
06.2021 - Current
- Responsible for management of stressed accounts within my portfolio, assigned by the Area Head SAG, East Africa and currently Middle East.
- Responsible for analysis impaired risk assets and ensure adequate provision is maintained as per IFRS 9 requirement.
- Ensure earlier identification of the account problem and develop proper strategy including restructuring option or any other proper recovery options.
- Responsible for minimizing the Bank’s risk arising from litigation, environmental claims, regulatory censure, or potential reputational loss regarding the impaired Accounts.
- To evaluate the credit risk on applications within my portfolio as required and to recommend approval, decline or alternative appropriate courses of action.
- Track and provide information to the Area Head, SAG. Africa on the cause of losses, encourage the development of improved Credit Skills.
- { i.e. : Operation loss, Monitoring and Control, Credit Risk Assessment }
- Maintain good relationship with all stakeholders both internal and external such as Valuers, Auctioneers, external lawyers etc.
- Ensure all reports a timely prepared and submitted higher authority.
- Ensure proper classification/credit grade of the account is maintained and develop proper strategy towards resolution of the problem.
- STANDARD CHARTERED BANK – UAE i.e short term assignment Dec 2022 – June 2023.
- STANDARD CHARTERED BANK – Kenya i.e Short term assignment March 2022 – June 2022
Senior Credit Portfolio management and recovery Head
INTERNATIONAL COMMERCIAL BANK (TANZANIA) LIMITED
09.2017 - 05.2021
- Responsible for analysis of all risk assets and impairment analytics.
- Preparing prudential reports (IFRS 9) as per applicable guidelines/requirements and advice management on the adequacy of provisional amount.
- Prepare all other credit reports i.e both internal and external such as form 16 reports (BOT report).
- Attending credit committee as a member and give proper opinion after thorough review of the credit proposal.
- Perform periodic assessments for the entire credit portfolio in relation to local economy to ensure high quality of the portfolio.
- Monitoring credit exceptions, arrears and excess drawings on daily basis and preparing recommendations on recovery measures.
- Communicate to customers via email, formal letter and visiting customers directly on matters of maintaining credit facilities, pointing out account irregularities, if any and restructuring or rescheduling payment terms if required.
- Identify and notify management accounts irregularities, specifically for breaching the credit limits, expiry of sanctioned terms, and non-compliance of covenants and propose remedial solutions thereof.
- Updates and corresponds with legal department and recovery agents on any legal litigation, ensure all possible precautionary actions are taken during recovery stage.
- Oversee all recovery activities including attending public auctions, out of court settlement negotiations.
- Ensure proper documentation is maintained and all client information is properly recorded in our core bank system.
- Coordinate external agencies i.e Recovery agents, Valuers
- Preparing write off proposals and submit to management for review and approval.
- Advice management on the best recovery approach depends on nature of the case.
Zonal risk & credit recovery officer
BAYPORT FINANCIAL SERVICES TANZANIA LTD
01.2015 - 06.2017
- I was responsible for making follow up and ensure that non-performing loans are recovered.
- Responsible for maintaining good relationship with the district employers to foster business activities.
- Report preparation and maintaining daily collection dashboard.
- Reviewing and verifying the genuine and correct loan application documents to avoid forged documentation.
- Prepared a consolidated report from all regions under my supervision and communicate it with finance department for reconciliation purposes.
- Ensured that the loan’s book quality is maintained by strictly applying the company’s credit policy.
- Followed up with various employers to make sure that both current and arrears amount are collected.
- Made physical visiting to employers or client’s collection of arrears.
- Followed up deduction schedule from the system/employer’s payment slips/Direct deposit made by the clients and update the information.
- Travelled around the Zone each month to push collection processes.
- Closely monitored branch managers and credit administration officers to ensure that company’s credit policy is maintained.
- Advice management in any matter associated with recovery & risk management.
Education
Certified financial modeling & valuation analyst - Online course
Corporate Financial Institute (Canada)
CPA (T) - undefined
National Board of Accountants and Auditors Tanzania
Master of Science - finance and investment
Institute of Finance Management (IFM)
11-2021
Bachelor of Commerce - Accounting
University of Dar es salaam Business School (UDBS)
06-2014
Skills
Analysis of risk assets and impairments
Credit risk analysis
Reports preparation and presentation
IFRS 9 model design and implementation
Portfolio management
Good negotiation skills
Debt recovery skills
Good communication skills
Accomplishments
- Through collaborative recovery efforts we were able to improve Loan impairment significantly by 125% in comparison to 2021 and is better than budget by 126% in TZ.
- I have managed down TZ SAG book i.e CG 13&14 by 39% from January to September 2022. This is on account of major recoveries made during the year.
- At the International Commercial Bank Tanzania (ICBT) – I chaired special committee for IFRS 9 adaptation where we able to design and develop IFRS 9 model for the bank. The model was reviewed by internal & external auditor, validated by independent reviewer, and approved by Central Bank.
- At ICBT - I created credit monitoring system which enabled the bank to bring down NPL ratio from 15.56% in 2017 to 9.61% in 2018.
Timeline
Associate Director – Stressed Assets Group Management (Tanzania & East Africa)
STANDARD CHARTERED BANK – TANZANIA
06.2021 - Current
Senior Credit Portfolio management and recovery Head
INTERNATIONAL COMMERCIAL BANK (TANZANIA) LIMITED
09.2017 - 05.2021
Zonal risk & credit recovery officer
BAYPORT FINANCIAL SERVICES TANZANIA LTD
01.2015 - 06.2017
CPA (T) - undefined
National Board of Accountants and Auditors Tanzania
Master of Science - finance and investment
Institute of Finance Management (IFM)
Bachelor of Commerce - Accounting
University of Dar es salaam Business School (UDBS)
Certified financial modeling & valuation analyst - Online course
Corporate Financial Institute (Canada)
TRAINING
- IFRS 9 model designing and implementation.
- Debt recovery modern techniques.
- Financial modeling and valuation.
OTHER ATTRIBUTES
- Goal/Target focused, Team player with open mind.
- Ability to work under pressure and requires minimum supervision.
- Having a mathematical mind with good analytical skills.
- Good command of English and Swahili Language.
- Excellent problem analysis
- Strong work ethic and drive to efficiency.