Credit Officer at Ekondo Microfinance Bank

Job Description

• The Credit Officer is responsible for evaluating, processing, and monitoring loan applications in line with the bank’s credit policies. The role involves assessing borrowers’ creditworthiness, managing loan portfolios, ensuring timely repayment, and minimizing credit risk to the institution

Key Responsibilities

• Receive, review, and process loan applications in compliance with lending policies.
• Conduct credit appraisals, background checks, and financial analysis of applicants.
• Assess creditworthiness by analyzing income, collateral, repayment capacity, and character.
• Recommend approval or rejection of loan requests to the credit committee/manager.
• Monitor loan performance, repayment schedules, and follow up on overdue accounts.
• Maintain proper loan documentation and update credit records regularly.
• Provide guidance to clients on loan products, repayment terms, and financial literacy.
• Assist in debt recovery and negotiate repayment arrangements with defaulting clients.
• Prepare periodic credit reports for management review.
• Ensure compliance with internal credit policies, regulatory requirements, and risk management standards.

Qualifications

Education:

• Bachelor’s degree in Banking & Finance, Accounting, Economics, Business Administration, or a related field.
• Professional certifications (e.g., ICAN, ACCA, CIBN, or risk management certifications) are an added advantage.

Experience:

• Minimum of 2–3 years’ experience in credit operations, lending, or related financial services.
• Experience in microfinance, retail banking, or SME lending is preferred.

Knowledge & Skills:

• Strong knowledge of credit analysis, risk assessment, and loan management.
• Proficiency in financial analysis and use of MS Office/loan management software.
• Excellent negotiation, communication, and interpersonal skills.
• High attention to detail, analytical ability, and problem-solving skills.
• Integrity, confidentiality, and strong ethical standards.