Credit & Loans Officer at Xnet Security Technologies Limited

Job Description

•     We are a top notch micro financial institution, seeking to employ the services of young target driven and goal oriented individuals, 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.

Responsibilitiess

•     Receive loan applications from potential customers and access customer's application.
•     To Interview applicants and to clearly explain the lending procedures and requirements of the institution to potential customers.
•     Carry out effective KYC (Know Your Customer) exercises by visiting the business premises and residences of applicants to appraise the financial situation of the business or individual
•     To advise customers concerning necessary document and financial reports required by us to process their loan applications.
•     Process customers application and prepare a credit appraisal memorandum for submission to your unit head.
•     Ensure that all required documents security documents, loan contract etc are complete and signed by the customer.
•     Follow up on all loans outstanding that he or she is responsible for. This includes a regular supervision of all outstanding loans to ensure proper utilization of loan funds as well as recovery.
•     Ensure strict and continuous follow up of his/her outstanding portfolio by checking the up dated arrears list.
•     To ensure that all securities are safe guarded and to keep a security register for all types of loan / advances
•     Ensure that all types of securities fixed deposits, cash lien etc are being maintained and kept up to date.
•     Review periodically bad and doubtful accounts for chances of recovery
•     Evaluate loans and customers after payment

Qualification and Requirements

•     Minimum of B.Sc degree or HND in any relevant field
•     1-3 years 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