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Institute Of Credit Administration (ICA)

1992 | Nigeria | 1,000 - 5,000 Employees

https://careerslip.com/ICA

Latest Jobs

Institute of Credit Administration (ICA) has 5 job opening(s) available

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Institute Of Credit Administration (ica)

Lagos, Nigeria | High School | 1 - 3 years

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Institute Of Credit Administration (ica)

Lagos, Nigeria | High School | 1 - 3 years

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Institute Of Credit Administration (ica)

Abuja, Nigeria | Bachelor's Degree | 3 - 5 years

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Institute Of Credit Administration (ica)

Abuja, Nigeria | HND | 3 - 5 years

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Institute Of Credit Administration (ica)

Abuja, Nigeria | Bachelor's Degree | 3 - 5 years

About Institute of Credit Administration (ICA)

In order to foster development of credit management in Nigeria and Africa, and to ensure that standards are set based on best practices in professional and ethical conducts, as well as provision of services geared towards enhancing skills and capacity building of those involved in credit functions, the Institute of Credit Administration (ICA) was established as a non-profit organization in 1992 and got its legal status as a body limited by guarantee under the law of Nigeria in year 2002. The institute’s Bill for charter scaled through at the House of Representatives in 2009.

With currently over 2000 members working in commerce, industry, finance banking and governments, ICA is Africa’s largest body of credit management specialists. No economy grows without the use of credit and there is no example of any advanced society without the use of credit. Credit at whatever level of sector, if not properly managed could spell doom for an economy.

In Nigeria, businesses extend credit to each other, but the successful management of these credits has been hampered, abused to a large extent following lack of standards, unethical conducts, insider abuser, sharp practices and skills gap amongst the present day credit managers in the country. There is systematic absence of purposeful regulation and protection of relationship between debtor and creditor.

In other countries of the world where economy is driven by credit system, national institutes for credit are in place to regulate, set standards, moderate ethical conducts and build capacity of the people involved in managing, controlling and monitoring credits at all levels of commercial or business activities.

The incidence that triggered the no-going world economic and financial meltdown stemmed largely from improper attention paid to sound and disciplined credit management, thus re-enforcing the need for every country to provide necessary safeguards and infrastructure to protect her credit market economy.

From the foregoing, there is no doubt that the establishment of Nigeria’s national body- The Institute of Credit Administration- for the control, regulation, standardization and capacity building in credit management is not only timely, but long overdue. This will preserve the following chemistry of credit management operational heartbeats:

Credit Analysis Administration Credit information administration
Credit rating administration Credit monitoring administration
Export credit administration Credit guarantee administration
Credit Risk and measurement administration

Credit risk mitigation and factoring administration
Credit default recovery and negotiation administration
Careerslip Reserve Vault

At Institute Of Credit Administration (ica) , we recruit from time to time from talents (that have shown interest in working with us) stored in our Resume Reserve Vault. If we do not have a vacancy that interests you but would like an opportunity to join us, please submit your resume for future job considerations.

Submit your Resume to our Reserve Vault