Summary
Overview
Work History
Education
Skills
Affiliations
Certification
Timeline
Generic

Rex Yirenkyi Owusu-Acquah

Summary

An Economist, Certified Credit Administrator (MSMEs) and an eleven years’ experience in Risk Management with high professional dominance in Credit Risk management. An expertise in Micro, Small and Medium Enterprise Financing. Other expertise includes Project Management, Economic Research, Policy Development, Process and Procedure Development, Monitoring and Evaluation, Access to Finance Coaching, Retail and Business Banking with Fintech. IT Skills include advanced knowledge of MS Office suite and other banking software packages.

Overview

15
15
years of professional experience
1
1
Certification

Work History

Credit Risk Manager

Affinity Ghana (A subsidiary of Affinity Africa)
05.2022 - Current
  • Developed and implemented credit risk policies to ensure compliance with regulatory requirements.
  • Analyzed financial statements, credit reports, and other related documents to assess the creditworthiness of customers.
  • Monitored existing customer accounts for changes in risk profile or payment pattern.
  • Developed strategies to mitigate potential losses from non-performing loans or bad debts.
  • Conducted regular reviews of loan portfolios to identify areas of high risk exposure.
  • Provided guidance on credit decisions, including recommendations on loan terms and conditions.
  • Assisted in the development of new processes for identifying and managing credit risks associated with various types of transactions.
  • Worked closely with both customers and sales team to reconcile accounts and oversee payment negotiation.
  • Monitored and maintained compliance with internal controls and government regulations.

Credit Risk and Credit processes & Procedure Consultant

01.2022 - Current
  • Assist Microcredit and Microfinance institutions to structure and restructure their credit processes and credit risk management structures
  • Assist Microcredit and Microfinance institutions to build robust credit risk administrative structures to enable adherence to regulatory directives.
  • Organize meetings between stakeholders to discuss project details and timelines.
  • Facilitate workshops with cross-functional teams to review current practices related to innovation and growth opportunities.
  • Developed solutions tailored specifically to each client's unique needs while staying within their allocated budgets.

Ag. Head of Credit Risk

Direct Savings and Loans (Second Tier Banking Institution)
04.2021 - 11.2021
  • Improved and strengthened a comprehensive weekly and monthly portfolio quality reporting system, which tracked the PAR of all Credit Analyst and Relationship Officers that ensured the institutions credit portfolio is within the acceptable limits
  • Developed, and reviewed the company’s credit Risk Policy, standards, and procedures with focus on ensuring compliance with all regulatory, operational guidelines, processes and procedures from the Bank of Ghana.
  • Conducted regular reviews of loan portfolios to identify areas of high risk exposure.
  • Participated in audit activities by providing relevant data and documents relating to credit risk management practices.
  • Investigated discrepancies between actual losses incurred versus projected losses based on historical trends.

Project Manager

Core Banking Migration Project – Direct Savings and Loans
10.2019 - 11.2021
  • Laisse with Venders’ project manager with regards to managing the project location and organization of all required logistics
  • Laisse with Bank of Ghana on all correspondences concerning the Migration
  • Coordinated all project team members to ensure required data and documents are ready when needed and ensured invited staffs are present at project location to ensure all project timelines are on track
  • Engage in monthly dashboard meetings for activity and timeline evaluation
  • Ensure all implementation testing is done at each stage as scheduled before they are verified and accepted
  • Presentation of Project progress reports to senior management.
  • Conducted regular status meetings with internal teams and external partners to track progress against established milestones.
  • Analyzed data from various sources such as surveys, interviews, focus groups. to inform decision-making related to projects.

Credit Risk Manager

Direct Savings and Loans (Second Tier Banking Institution in Ghana)
01.2016 - 03.2021
  • Member of the management team that transitioned Express Capital Microfinance into Direct Savings and Loans
  • Managed the Credit Risk Management of the institution in the absence of Head of Department
  • Pioneered the setting up of the credit administration section of the Credit Risk Management Department which ensured the following: safe keeping and retrieval of sensitive documents
  • Efficient and timely reports to regulatory bodies and in house administrative procedures
  • Implemented and regularized the collateral administration process of the institution
  • Introduced a robust arrears management framework that streamlined the processes for loan recoveries that was consistent with regulatory standards, which improved the PAR position
  • Introduced a comprehensive weekly and monthly performance reporting system that helped to track the performance of all Credit Risk Analysts
  • Designed, developed and reviewed the company’s Credit Policy, procedures and standards with focus on ensuring compliance with all regulatory, operational guidelines, processes and procedures from the Bank of Ghana
  • Assistant Team Lead (Credit Process) for Direct Disruption Agenda (a term adopted for describing Direct Savings and Loans strategic initiative with the objective of disrupting the financial industry via the use of financial technology)
  • Strengthened the aggressive growth in Portfolio quality through an effective credit risk management tactics by field marshaling visits to ROs, RMs and their customers from the fourth quarter of 2020 to date as indicated to curb the banking crises which began affecting the portfolio.

Head of Credit Risk

Express Capital (Financial Services Institution)
07.2015 - 01.2016
  • Improved the enterprise credit collections rate from between 50% - 65% to an unbelievable 80% - 95% recovery rate through the enhancement of all credit risk and recovery policies and procedures.
  • Collaborated with credit association and business representatives to exchange valid credit information.
  • Developed comprehensive understanding of financial statements, enhancing opportunities to assess risk.
  • Worked closely with both customers and sales team to reconcile accounts and oversee payment negotiation.
  • Tracked industry developments related to consumer protection laws, banking regulations., that could impact the company's ability to manage its credit risk exposures.
  • Prepared presentations for executive teams highlighting key findings from reviews conducted into current credit risk management processes.

Senior Credit Analyst

Express Capital (Financial Services Institution)
08.2014 - 07.2015
  • Pioneered the operation of “Aggressive Quality Loan Portfolio and Growth” (AQLPG) as the first SME Credit Analyst of the institution and increased the average SME loan size from GH¢ 15,000 to GH¢ 40,000.00 within a period of 6 months
  • Won the best SME Analyst award on two occasions based on quality SME Loan portfolio.
  • Identified and monitored risks associated with customer accounts.
  • Conducted detailed analysis of customer data including cash flow, liquidity, profitability, leverage ratios, collateral values.

Relationship Officer

Advans Ghana Savings and Loans (Financial Services Institution)
05.2012 - 07.2014
  • Branch Team Lead on field operations that increased CASA and asset portfolio significantly in the business year 2013.
  • Assisted customers in opening new accounts and resolving any queries or issues they had.
  • Provided financial advice to clients based on their needs and goals.
  • Performed credit analysis of customer profiles and portfolios, ensuring adherence to credit policies.
  • Researched market trends and competitor activity to identify potential areas for growth and expansion.
  • Evaluated customer feedback surveys to determine areas where services needed improvement or enhancement.

Assistant Registrar

Min/ of Chieftaincy and Religious Affair – Ghana Public Sector
08.2010 - 05.2012
  • Regularized the accounts of the New Juaben Traditional council which was in a poor state.
  • Gave guidance to local and international tourist on the traditional Chieftaincy history and its relation to modern governance.

District Coordinator

ADPL Farming Scheme (Local NGO-Ashanti Region)
09.2009 - 07.2010
  • Coordinated the Marketing of the scheme to prospective farmers for on boarding
  • Monthly reports on the performance of Agro inputs credits to District and Regional Directors
  • Ensure growth and quality of the agro inputs lending portfolio in the district
  • Coordinate, plan, supervise and organize all activities regarding: zoning of agro input lending Officers, efficient farm assessments, District level agro inputs lending committees (input credit & payment of back locks), regular monitoring, training/coaching of all District and Zonal agro inputs credit staff with an overall objective of improving scheme knowledge and performance
  • Analyze and monitor the trend of productivity of Agro inputs lending Officers in line with projected performance
  • Implement all relevant lending and farm related changes and follow up on its compliance and remedies respectively at the district and zonal level
  • Monitor performance, development, and trend of paying back locks and offer appropriate support for remedies
  • Ensures all relevant reports are completed and submitted according to the defined deadlines.
  • Created and maintained budget plans for various district programs.

Education

MSc. Economics -

Kwame Nkrumah University of Science & Tech, Kumasi-Ghana
01.2018

B.A Economics -

Kwame Nkrumah University of Science & Tech, Kumasi-Ghana
01.2008

Skills

  • Risk Management
  • Credit Risk Management
  • Micro, Small and Medium Enterprise Financing
  • Project Management
  • Economic Research
  • Policy Development
  • Process and Procedure Development
  • Monitoring and Evaluation
  • Access to Finance Coaching
  • Retail and Business Banking
  • Fintech
  • MS Office Suite
  • Banking Software Packages
  • Operational risk management
  • Oral and written communications
  • Banking regulations
  • Financial statement review
  • Risk Assessment
  • Proficient in Excel

Affiliations

  • I like to have leisure and reflect past activities

Certification

  • Certified Credit Administrator (MSMEs) – National Banking College, Ghana (February 2020)
  • Certified Financial Economist (ACCE-GAFM, USA), Final level
  • IFC/World Bank Group training on Movable Asset-Based Lending (March 2019)
  • First African Data Protection and Privacy conference by Network of African Data Protection Agency (NADPA) - June 2019

Timeline

Credit Risk Manager

Affinity Ghana (A subsidiary of Affinity Africa)
05.2022 - Current

Credit Risk and Credit processes & Procedure Consultant

01.2022 - Current

Ag. Head of Credit Risk

Direct Savings and Loans (Second Tier Banking Institution)
04.2021 - 11.2021

Project Manager

Core Banking Migration Project – Direct Savings and Loans
10.2019 - 11.2021

Credit Risk Manager

Direct Savings and Loans (Second Tier Banking Institution in Ghana)
01.2016 - 03.2021

Head of Credit Risk

Express Capital (Financial Services Institution)
07.2015 - 01.2016

Senior Credit Analyst

Express Capital (Financial Services Institution)
08.2014 - 07.2015

Relationship Officer

Advans Ghana Savings and Loans (Financial Services Institution)
05.2012 - 07.2014

Assistant Registrar

Min/ of Chieftaincy and Religious Affair – Ghana Public Sector
08.2010 - 05.2012

District Coordinator

ADPL Farming Scheme (Local NGO-Ashanti Region)
09.2009 - 07.2010

MSc. Economics -

Kwame Nkrumah University of Science & Tech, Kumasi-Ghana

B.A Economics -

Kwame Nkrumah University of Science & Tech, Kumasi-Ghana

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Rex Yirenkyi Owusu-Acquah