Loan Officer at AB Microfinance Bank

Are you passionate about financial inclusion and skilled in loan processing and client relationship management? 

We are seeking for experienced Loan Officers to join our growing team. Carefully go through the advert and only qualified candidates should apply accordingly.

LOCATION:                    

• SOUTH EAST (Onitsha & Aba)
• SOUTH WEST (Ondo, Ado-Ekiti, Ogun, Oyo, Lagos)

REF CODE:                      LO/CREDIT/JUN/2025              

Main tasks and responsibilities:

• Develop and Manage a High-Quality Loan Portfolio: Proactively build and oversee a personal portfolio of performing loans, ensuring alignment with the bank’s credit policies and risk appetite.
• Drive Client Acquisition and Business Growth: Execute regular direct marketing, field promotions, and business development activities to attract qualified loan applicants and expand the customer base.
• Conduct In-Depth Credit Assessments: Screen loan applicants for eligibility, initiate and complete loan applications, and schedule client appointments for further engagement.
• Perform Thorough Loan Appraisals: Carry out comprehensive assessments of client businesses and households, including due diligence on guarantors, in line with established credit procedures.
• Prepare and Present Credit Proposals: Develop detailed loan proposals and present them to the credit committee, providing sound justification and responding to feedback.
• Coordinate Loan Disbursement: Work collaboratively with the Back Office and clients to ensure timely and accurate disbursement of approved loans.
• Monitor and Manage Repayments: Utilize the bank’s loan management system (e.g., myMBS) to track repayments, promptly follow up on overdue accounts, and maintain portfolio health.
• Ensure Portfolio Quality and Risk Control: Maintain high-quality standards in loan documentation, reporting, and follow-up to ensure low default rates and regulatory compliance.
• Contribute to Team and Institutional Growth: Actively participate in team meetings, credit committees, and improvement initiatives, demonstrating a solution-oriented mindset and aligning personal performance with the bank’s strategic goals.

Profile:

• Minimum of a B.Sc. or HND in Finance, Accounting, Business Administration, Economics, or a related discipline.
• At least three (3) years of hands-on lending experience in a reputable Microfinance Bank.
• Solid understanding of financial mathematics, credit analysis, and basic accounting principles.
• Proficiency in the use of basic computer applications and mobile banking tools.
• Strong analytical and problem-solving skills with a keen eye for detail.
• Highly target-driven and performance-oriented, with the ability to meet and exceed set goals.
• Demonstrated ability to work independently and in outdoor field environments.
• Excellent interpersonal and team collaboration skills.
• Proven capacity to assess, process, and disburse micro and SME loans effectively to small business owners.
• Strong self-motivation, discipline, and integrity in the discharge of duties.

What we offer:

• Attractive and Competitive Compensation Package, including performance-based bonuses, and transport allowance.
• Robust Training and Career Development Programs designed to enhance professional growth and build long-term career pathways.
• A Dynamic, Supportive, and Inclusive Work Environment that fosters collaboration, innovation, and employee well-being.
• Comprehensive Health Insurance Coverage to support the physical and mental wellness of our employees and their immediate families.