Loan Officer at Excel and Grace Consulting

Job Summary

• The Loan Officer is responsible for the entire loan lifecycle, from initial client assessment and loan application processing to disbursement, monitoring, and recovery.
• The role requires strong analytical, interpersonal, and communication skills, as well as a deep understanding of credit risk and lending policies.

Key Responsibilities

• Actively source and acquire new clients within the target market.
• Build and maintain strong relationships with existing clients.
• Conduct thorough client interviews and needs assessments.
• Educate clients on loan products, terms, and conditions.
• Collect and analyze client financial information, including income statements, balance sheets, and cash flow projections.
• Assess creditworthiness and determine loan eligibility based on established criteria.
• Prepare loan applications and supporting documentation.
• Present loan applications to the Credit Committee for approval.
• Disburse approved loans to clients in accordance with bank policies and procedures.
• Monitor loan performance and ensure timely repayments.
• Implement appropriate recovery strategies for delinquent loans.
• Initiate legal action for non-performing loans as necessary.
• Maintain accurate and up-to-date client records.
• Ensure compliance with all relevant banking regulations and internal policies.
• Prepare regular reports on loan portfolio performance.
• Participate in training and development programs to enhance skills and knowledge.

Qualifications

• High school diploma from a reputable institution
• 1-2 years of experience in microfinance lending or a related field.
• Strong analytical and problem-solving skills.
• Excellent communication and interpersonal skills.
• Proficiency in Microsoft Office Suite.