Credit & Loans Officer at Assets Microfinance Bank

Job Description

• We are seeking to employ the services of young target driven and goal oriented individuals, with 3-5years experience in payroll and corporate loans for immediate employment in our Credit and Loans department.
• The primary function of a Credit Officer is to identify new customers, appraise and access project applications, prepare assessments and recommendations for approval and educate borrowers as to their responsibilities in the repayment of a loan granted to them.

Job Summary

• The Credit and Loans Officer provides close support for asset management activities and reporting for a portfolio of loans; and also supports Underwriting and Business Development in strengthening relationships with clients.
• As part of Credit, the Credit and Loans Officer supports the achievement of institutional and overall Credit work plan goals.

Duties & Responsibilities

• Loan Monitoring – The Credit and Loans Officer will support ongoing asset management of a portfolio including developing a relationship with each borrower and conducting regular loan monitoring reviews.
• The Credit and Loans Officer will prepare Credit Appraisal Memo for each loan on a regular schedule to review overall asset quality, including performance against original underwriting expectations.
• Site visits – The Credit and Loans Officer will conduct regular site visits and prepare site visit reports for loans in his portfolio in accordance with Credit policies and procedures.
• Non-performing Loans – the Credit and Loans Officer will provide support in managing non-performing loans, including but not limited to conducting site inspections, appraisal reviews, and borrower financial analysis.
• Reporting – the Credit and Loans Officer will be responsible for reporting on the overall portfolio, including and not limited to assessing asset quality, stress testing, industry and market analysis, asset allocation, reserves and non-performing loan analysis as requested by the Portfolio Manager.
• Policies and Procedures – the Credit and Loans Officer will be responsible for understanding and complying with policies and procedures related to the Portfolio Management and Credit functions.
• Ensure compliance with the Banks Credit Policy and regulatory compliance standards.
• Ensure compliance with relevant investment and securities Act and Anti- money laundering policies.
• Observe and report Credit market trends, Investment opportunities, competitor activities & consumer preferences and positions.
• Performs other assigned duties as delegated from time to time.

Key Result Areas:

• Financial Business Management
• Risk management & credit quality
• Customer & community
• Teamwork/continuous improvement
• Learning/development
• Risk compliance
• Stakeholders feedback
• Retention of existing customers
• Acquisition of new customers

Qualification Requirement

• Minimum of BSc degree or HND in any relevant field
• 3-5years experience in a similar role
• Organized, focused, self-driven and result oriented and willing to go the extra mile
• Excellent oral and written communication skills
• Ability to work under little or no supervision
• Proficient in computer and Information technology