Loan Sales Executive (Corporate and Consumer Lending) at The Concept Group

LOCATION; Lagos, Abuja and Port Harcourt

JOB SUMMARY

The Loan Sales Executive is required to collect and prepare all materials needed to secure a loan. He/ She will also responsible for reviewing loan applications evaluating the potential risks of granting loans to applicants.The candidate will be tasked with the responsibility of selling various loan products. He/ She will act as liaison between customers and our financial institution and will help qualified applicants acquire loans in a timely manner.

DUTIES & RESPONSIBILITIES

• Evaluate credit worthiness by processing loan applications and documentation within specified limits
• Interview applicants to determine financial eligibility and feasibility of granting loans
• Determine all applicable ratios and metrics and set up debt payment plans
• Communicate with clients either to request or to provide information
• Justify decisions (approvals/rejections) and report on them
• Complete loan contracts and counsel clients on policies and restrictions
• Review loan agreements to ensure that they are complete and accurate according to policy
• Update account records, Compute payment schedules and transactions on ERP
• Confer with underwriters to aid in resolving loan application problems.
• Update job knowledge on types of loans and other financial services
• Assess customer needs, explore all options and introduce different types of loans
• Develop referral networks, suggest alternate channels and cross-sell products and services to accomplish quotas
• Go the “extra mile” to build trust relationships, customer loyalty and satisfaction throughout the underwriting process
• Operate in compliance with laws and regulations and adhere to lending compliance guidelines

QUALIFICATIONS/REQUIREMENTS

• Proven working experience as a Loan Officer
• Familiarity with computers and banking applications/software
• Solid understanding of direct/indirect lending products and practices
• Customer satisfaction orientation and sales competencies
• Ability to work in a goal-oriented environment and meet the set target
• BS degree in finance, economics or a related field