Loan Officer at Memento Microfinance Bank Limited

Employment Type: Full - Time
Reports To: Head of Credit / Risk Management & Marketing

Job Summary

• Loan officers evaluate and authorize the approval of loans and are involved in the recovery of loans.
• The ideal candidate for this role will have clearly demonstrated strong leadership skills, results orientation and be able to interpret the corporate vision into growth strategies and profitable operations.

Responsibilities

• Meet with loan applicants to identify their needs and collect information for loan applications.
• Analyse active loan files on a regular basis and recommend solutions to speed up the loan process.
• Complete loan contracts and teach clients on policies and regulations.
• Perform business development tasks, including managing the pipeline by generating leads and referral business, and maintaining relationships with existing and past clients.
• Meet and communicate with applicants to explain the risks and benefits, as well as the terms of loan products and government regulations.
• Obtain relevant information and evaluate applicants' financial status, including credit history, debt-to-income ratio, and appraisal reports, to determine recommendation for loan approval.
• Determine all applicable ratios and metrics and set up debt payment plans.
• Providing strategic recommendations to the CEO and members of the executive management team.
• Any other duties and responsibilities which may be required from time to meet the objectives of MMFB.

Qualifications, Skills and Competencies

• Minimum of 2 years work experience within the financial services industry, including proven extensive and relevant loan portfolio management experience.
• Must be able to work in a high-velocity, high performance environment.
• Ability to plan and prioritize workload and delegate accordingly.
• Some knowledge of data analytics and reporting - excellent problem-solving skills; analytical and structured in his/her thinking.
• Communication skills – verbal, non-verbal and written.
• Self-starter and very organized, with strong attention to detail.
• Extremely versatile, dedicated to efficient productivity and able to work efficiently and effectively across multiple teams.