Loan Officer \u2013 Microfinance Institution X 08 (Ndola, Kabwe & Lusaka)<\/p>\n
Description:
\nJob Purpose
\nThe Loan Officer will act as a liaison between applicants and the financial institution, helping qualified applicants obtain loans and set up payment plans. Initiate various loan underwriting process and facilitate loan processing in order to provide quality services to corporate and individual clients. Other duties will include meeting with applicants, preparing loan proposals, and examining active loans.
\nSummary of Key Duties:<\/p>\n
Interview loan applicants and analyze financial data in order to determine the creditworthiness of prospective borrowers.
\nEstablish and negotiate terms under which credit will be extended, including rates, loan structure, and collateral requirements based on borrower\u2019s financial status.
\nMaintain an active knowledge base of all of the organization\u2019s loan products and an understanding of the qualifications required of each applicant
\nApprove loans up to individual lending authority and serve as contact officer on loans above this limit.
\nMeet with loan applicants to identify their needs and collect information for loan applications.
\nAnalyze active loan files on a regular basis and recommend solutions to speed up the loan process.
\nComplete loan contracts and teach clients on policies and regulations.
\nInterview applicants to define financial eligibility and establish debt payment plans.
\nSubmit loan applications in a timely manner.
\nReject loan applications and explain deficiencies to applicants.
\nCollect and analyze information which reflects the financial condition of existing loans through direct inspection, review of interim financial reports, personal interview, and various other methods.
\nMonitor loan repayment activities and take necessary action to collect on past-due accounts.
\nDevelop new business by contacting prospective customers and cross-selling services.
\nAssist collector with collection duties and responsibilities.
\nParticipate in various community affairs to increase the institution\u2019s visibility and to create new business opportunities.
\nRespond to applicants\u2019 questions and resolve any loan-related issues.
\nOperate in compliance with laws and regulations.<\/p>\n
Required Skills and Competencies<\/p>\n
Excellent\u00a0\u00a0communication skills
\nOutstanding interpersonal skills
\nAttention to detail
\nCustomer service-oriented with exceptional sales skills.
\nCreative Thinker
\nExcellent Interpersonal Skills
\nResult Oriented
\nExcellent organizational skills.
\nNegotiating Skills
\nPresentation abilities<\/p>\n
Primary Areas of Accountability:<\/p>\n
Qualifications and Experience<\/p>\n
Bachelor\u2019s degree in finance or a similar field.
\nMust have a\u00a0minimum of 3 years\u2019 experience as a Loan Officer with a microfinance Institution
\nStrong comprehension of direct\/backhanded loaning items and practices
\nExperience with loan management systems, CRM tools, and approval dashboards.
\nKnowledge of institutional lending frameworks, eligibility criteria, and compliance checklists
\nAbility to explain loan terms, gather requirements, and address process queries
\nHands on experience with computers and banking software
\nPreferably based in respective location of application with own accommodation<\/p>\n
APPLICANTS SHOULD CLEARLY INDICATE THEIR PREFERRED TOWN IN THE SUBJECT LINE OF THE EMAIL (APPLICATION FOR EMPLOYMENT \u2013 LOAN OFFICER \u2013 KABWE)
\nQUALIFIED & EXPERIENCED FEMALES ARE ENCOURAGED TO APPLY FOR THIS POSITION<\/p>\n
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