OverviewRE-ADVERTISEMENT\u00a0UMODZI Savings and Credit Cooperation Limited\u00a0is a member owned financial cooperative serving all civil servants and Non-Governmental Organizations in Malawi. The SACCO is an affiliate of Malawi Union of Savings and Credit Cooperative (MUSCCO), and is also fully licensed by Reserve Bank of Malawi\u00a0(RBM). Umodzi SACCO is looking for energetic, self-motivated and enthusiastic person to fill the position of\u00a0Loans\/Collections Officer.\u00a0Key Duties and responsibilities include the following:Ensure all potential and existing members understand the responsibilities attached to a loan as stipulated in the SACCO\u2019s loan policyAssist in the SACCO\u2019s credit function by producing periodic reports; policy compliance; regulatory compliance; bad loans management; provisioning collections.Lead in the facility collection by classifying facilities according to age; constantly checking that no exposures are created without approval; constantly following up branches on collections; collections of all bad facilitiesMake objective recommendations on potential borrower\u2019s 5Cs i.e. character, creditworthiness, condition, collateral and paying capacity to the CEO and credit committee.Along with group leaders facilitate orientation, meetings and ensure 100% attendance and collection of repayments.Ensure that all payrolls received are accurately uploaded in the system and reconciliation is done on a monthly basisMonitor loans disbursed from all respective branchesTake immediate action with past due payments according to the SACCOs delinquency management policies and procedures to ensure prompt repayment i.e. preparing demand letters, phone calls and physical chasing.Ensure portfolio at risk remains below 5% at all timesAdvising management on issues that need review on loan recoveriesMaintaining fluency in product knowledge and collection procedures necessary for resolving client queries\u00a0Qualification and ExperienceDegree in Business Administration, Accountancy, Banking or its equivalentAt least three years\u2019 experience working in a financial institution\u00a0(loans department)Knowledge of SACCO businessMust be between the ages of 30-45Knowledge of Fin-Financials core banking system or any banking systemExperience in all terrain areas will be an added advantage\u00a0Method of applicationApplications must include a covering letter explaining your suitability for the position, a detailed curriculum vitae (CV) giving details of qualifications and experience, certified copies of relevant certificates, valid mobile phone numbers and names and addresses of three traceable referees; one of which must be from the recent employer should be brought directly to our offices in Lilongwe OR sent to the following email address\u00a0saccoumodzi@gmail.com\u00a0 or post not later than 11th\u00a0of August 2025.(women are encouraged to apply)The CEOUmodzi SACCOP.O. Box 709Lilongwe.<\/p>\n
Apply Via:<\/p>\n
saccoumodzi@gmail.com<\/p>\n","protected":false},"author":2,"featured_media":0,"template":"","meta":{"_promoted":"","_job_location":"","_application":"saccoumodzi@gmail.com","_company_name":"Umodzi SACCO","_company_website":"","_company_tagline":"","_company_twitter":"","_company_video":"","_filled":0,"_featured":0,"_remote_position":0,"_job_salary":"","_job_salary_currency":"","_job_salary_unit":""},"job_listing_region":[15],"job-categories":[],"job-types":[12],"class_list":{"0":"post-3213","1":"job_listing","2":"type-job_listing","3":"status-expired","4":"hentry","5":"job_listing_region-lilongwe","7":"job-type-full-time"},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/jobs.dataaxisnode.com\/malawi\/wp-json\/wp\/v2\/job-listings\/3213","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobs.dataaxisnode.com\/malawi\/wp-json\/wp\/v2\/job-listings"}],"about":[{"href":"https:\/\/jobs.dataaxisnode.com\/malawi\/wp-json\/wp\/v2\/types\/job_listing"}],"author":[{"embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/malawi\/wp-json\/wp\/v2\/users\/2"}],"wp:attachment":[{"href":"https:\/\/jobs.dataaxisnode.com\/malawi\/wp-json\/wp\/v2\/media?parent=3213"}],"wp:term":[{"taxonomy":"job_listing_region","embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/malawi\/wp-json\/wp\/v2\/job_listing_region?post=3213"},{"taxonomy":"job_listing_category","embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/malawi\/wp-json\/wp\/v2\/job-categories?post=3213"},{"taxonomy":"job_listing_type","embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/malawi\/wp-json\/wp\/v2\/job-types?post=3213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}