Loan Officer at Integrated Corporate Services - ICSL

Location: Lekki, Lagos

Job Summary

• In this position, you will act as a liaison between applicants and the company, helping qualified applicants obtain loans and set up payment plans.
• Duties will include meeting with applicants, preparing loan proposals, and examining active loans.
• Evaluate, authorize, or recommend approval of credit loans.
• Advise borrowers on financial status and methods of payments.
• Carry our surveys and discovering new markets for loan creation in conjunction the loan supervisors and managers.

Job Description

• Build and maintain portfolio of quality clients rapidly and consistently to reach target portfolio within assigned period;
• Liaise with community Head of markets, to refer reliable and good customers
• Identify potential clients;
• Carry out KYC and due diligence on the intending client;
• Sensitize potential clients on all aspects of the loan program: procedures to apply, the terms and conditions, the incentives for good performance, and penalties for late repayment and default;
• Develop an accurate evaluation of each client's capacity and willingness to repay the requested loan;
• Correctly complete loan application and evaluation process.
• Verify and cross-check all information relevant to the loan application and evaluation; Evaluate the willingness and capacity to repay of the client;
• Ensure a reliable guarantor is in place and documented;
• Determine and present loan terms and conditions to client's guarantors.
• Provide support to peers and others within the company in uplifting its values and policies;
• Ensuring proper documentation of clients (especially new) at all times;
• Report any default client to Supervisor or Relationship Manager as the case may be;
• Ensure daily collection is paid into the bank before close of business every day.

Key Performance Indicators:

• Decision cycle to close
• Average loan disbursed
• Borrower per loan officer
• Cost per active client
• Client loss/dropout rate
• Average number of clients / months

Requirements

• OND / SSCE can apply
• Marketing experience is an added advantage
• Microfinance Bank experience would be an advantage
• Only candidates who live in Lekki and its environs should apply.

Skills and Abilities:

• Interpersonal communications skills
• Team management
• Customer service skills
• Integrity
• Relationship management