Stewart Mujungu
Dar Es Salaam
Summary
Detail-oriented team player with strong organizational skills. Ability to handle multiple projects simultaneously with a high degree of accuracy.
Overview
17
17
years of professional experience
Work History
Head of Credit
Equity Bank Tanzania Limited
05.2023 - Current
- Improved credit department efficiency by streamlining processes and implementing new technologies.
- Developed strong relationships with clients, ensuring timely payments and minimizing delinquencies.
- Managed a team of credit analysts, providing guidance and support to ensure accurate risk assessments.
- Reduced bad debt write-offs by implementing proactive collection strategies and monitoring high-risk accounts closely.
- Enhanced overall portfolio quality by conducting thorough reviews of existing client accounts.
- Worked closely with legal counsel on complex cases, mitigating potential losses through timely resolution of disputes.
- Implemented credit scoring models to facilitate faster decision-making processes while maintaining low default rates.
- Optimized credit policies and procedures in accordance with industry best practices, resulting in improved risk management capabilities.
- Spearheaded initiatives aimed at achieving regulatory compliance, minimizing operational risk exposure across the organization.
- Evaluated emerging market conditions/trends regularly in order to refine lending strategies accordingly based on anticipated shifts within the industry landscape.
- Championed process improvement initiatives within the department, resulting in significant time/cost savings for the organization as a whole.
- Balanced risk/return considerations carefully while making critical decisions concerning loan approvals, extensions, and modifications.
- Devised collection recovery strategies to resolve customer issues and delinquent cases.
Head SME Credit
NBC Limited
01.2017 - 04.2023
- Enhanced small business credit decision-making by conducting thorough financial analysis and risk assessments.
- Supported the approval of credit applications for small businesses through comprehensive research and evaluation.
- Developed and maintained strong relationships with clients, ensuring their needs were met while managing credit risk.
- Streamlined the loan application process by implementing efficient workflows and tracking systems.
- Provided valuable feedback on credit policies to management, resulting in improved guidelines for underwriting decisions.
- Reduced potential losses by identifying high-risk clients early in the loan process and recommending appropriate actions.
- Contributed to increased profitability of the bank''s small business portfolio through precise evaluations of loan applicants'' repayment capacities.
Corporate Credit Manager
NBC Limited
01.2015 - 12.2016
- Improved corporate credit risk assessment by implementing robust financial analysis techniques and tools.
- Collaborated with sales teams for conducting thorough due diligence on prospective clients, safeguarding the company from potential bad debts.
- Leveraged advanced data analytics tools to identify early warning signals in client portfolios, enabling proactive risk mitigation measures.
- Investigated and evaluated customers for creditworthiness and potential risk factors.
Head of Credit Risk, Credit Manager
NIC Bank Tanzania Limited
08.2010 - 12.2014
- Improved credit risk management by implementing effective underwriting policies and procedures.
- Evaluated complex customer profiles using financial statements, credit reports, and industry data to make informed lending decisions.
- Investigated and evaluated customers for creditworthiness and potential risk factors.
Credit Risk Analyst
NBC Limited
07.2007 - 08.2010
- Reduced credit risk by implementing comprehensive risk assessment strategies.
- Enhanced portfolio performance with diligent monitoring and proactive risk mitigation measures.
- Conducted in-depth financial analysis to evaluate corporate borrowers'' creditworthiness.
- Rehabilitation of delinquent accounts through restructurings, rescheduling, negotiated repayments
Education
Certified Public Accountant (CPA) - Accounting & Auditing
National Board of Accountants And Auditors (NBAA)
Dar Es Salaam, Tanzania06.2009
Bachelor of Commerce (Accounting) - Accounting And Finance
University of Dar Es Salaam
Dar Es Salaam, Tanzania04.2007
No Degree -
Kibasila High School
Dar Es Salaam, Tanzania05.2004
No Degree -
St. Anthony's Secondary School
Dar Es Salaam, Tanzania10.2000
No Degree -
Mgulani Primary School
Dar Es Salaam, Tanzania10.1996
Skills
- Credit Risk Assessment
- Regulatory Compliance
- Trade Finance
- Portfolio Management
- Credit Decision Making
- Financial Statement Interpretation
Timeline
Head of Credit
Equity Bank Tanzania Limited
05.2023 - Current
Head SME Credit
NBC Limited
01.2017 - 04.2023
Corporate Credit Manager
NBC Limited
01.2015 - 12.2016
Head of Credit Risk, Credit Manager
NIC Bank Tanzania Limited
08.2010 - 12.2014
Credit Risk Analyst
NBC Limited
07.2007 - 08.2010
Certified Public Accountant (CPA) - Accounting & Auditing
National Board of Accountants And Auditors (NBAA)
Bachelor of Commerce (Accounting) - Accounting And Finance
University of Dar Es Salaam
No Degree -
Kibasila High School
No Degree -
St. Anthony's Secondary School
No Degree -
Mgulani Primary School
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