LOAN OFFICER @ SERENE MICROFINANCE LTD
Serene Microfinance Ltd is looking for a dedicated Loan Officer to join its Credit Department. This role is crucial for ensuring the smooth operation of the microfinance institution. The Loan Officer will be responsible for maintaining an active and comprehensive knowledge base of all the Microfinance's loan products and understanding the specific qualifications required for each applicant. A primary objective of this position is to build and maintain a substantial and high-quality loan portfolio, actively contributing to the company's growth.
Key duties include conducting effective member and customer recruitment and screening processes, as well as orienting clients to specific loan products and services offered. The Loan Officer will meticulously analyze applicants’ financial status, conduct credit and property evaluations, and determine the feasibility of granting loans while also ensuring timely loan repayments post-disbursement. Regular contact with customers and clients in the field is expected, along with ensuring loan collection is executed according to established procedures and loan agreements. The role involves diligently tracking outstanding loans, ensuring recovery based on policies, and regularly updating account statuses and the database. Compliance with requirements when legal action becomes unavoidable, handling customer questions or complaints, and preparing and presenting timely loan reports (daily, weekly, and monthly) are also integral to this position. No salary information was provided for this role.
Key duties include conducting effective member and customer recruitment and screening processes, as well as orienting clients to specific loan products and services offered. The Loan Officer will meticulously analyze applicants’ financial status, conduct credit and property evaluations, and determine the feasibility of granting loans while also ensuring timely loan repayments post-disbursement. Regular contact with customers and clients in the field is expected, along with ensuring loan collection is executed according to established procedures and loan agreements. The role involves diligently tracking outstanding loans, ensuring recovery based on policies, and regularly updating account statuses and the database. Compliance with requirements when legal action becomes unavoidable, handling customer questions or complaints, and preparing and presenting timely loan reports (daily, weekly, and monthly) are also integral to this position. No salary information was provided for this role.
Key Requirements
Hold a University Degree or equivalent qualification in Business Administration, Finance, or a related field.
Possess at least two years of experience in a similar position.
Maintain an active knowledge base of all microfinance loan products.
Ability to build and maintain a high-quality loan portfolio.
Strong financial analysis skills to evaluate creditworthiness.
A strong grasp of regulatory compliance.
Proficiency with loan software.
Excellent communication and sales skills to guide clients through complex processes.
Ability to conduct member/customer recruitment and screening.
Capable of analyzing applicants’ financial status, credit, and property evaluations.
Experience in ensuring loan collection based on procedures and agreements.
Ability to prepare and present loan reports timely.