Micro Credit Loan Officer at Regent Microfinance Bank Limited

Role Description

• The Micro Credit Loan Officer is a full-time, on-site role based in Abuja.
• The role involves identifying and assessing potential borrowers, conducting credit appraisals, and managing loan origination for micro and small enterprise clients, economic groups, and low-income individuals.
• The Micro Credit Loan Officer will process loan applications, perform basic financial analysis, and support underwriting decisions in line with the bank’s credit policies.
• Daily tasks include maintaining accurate loan documentation, monitoring loan performance, and following up on repayments to ensure portfolio quality.
• The role also requires delivering responsive customer service, educating clients on loan products and terms, and collaborating with internal teams to support branch growth and outreach activities.

Requirements & Qualifications
Educational Background:

• Minimum of OND/HND/B.Sc. in Finance, Banking, Economics, Business Administration, or a related field.

Experience:

• Minimum of 1-3 years of proven experience in microcredit, loan processing, or related roles (preferably in a Microfinance Bank or financial institution).
• Candidates should possess experience as Loan Officers with a focus on microcredit and MSME lending.
• Candidates should possess foundational Finance skills, including basic financial analysis and understanding of credit risk.
• Candidates should possess Underwriting skills related to credit assessment, loan structuring, and adherence to lending policies.
• Candidates should possess strong Customer Service skills, including communication, client education, and relationship management.
• Candidates should possess Loan Origination skills, including prospecting, application processing, and documentation management.
• Relevant academic background in Banking, Finance, Economics, Business Administration, or a related field.
• Strong numerical skills, attention to detail, and ability to work with loan management systems and basic office software.
• Demonstrated integrity, reliability, and ability to work in a target-driven environment within a team setting.
• Prior experience in microfinance or retail banking in Nigeria, especially within Abuja or similar markets, is an advantage.

Key Responsibilities

• Source, evaluate, and onboard potential clients for microcredit loans.
• Conduct credit appraisals and risk assessments of clients’ businesses and repayment capacity.
• Maintain accurate and timely documentation of all loan applications, approvals, and disbursements.
• Monitor loan utilization and follow up on repayments to ensure portfolio quality.
• Build and maintain strong client relationships to enhance customer satisfaction and retention.
• Collaborate with the credit and recovery teams to manage delinquent accounts.
• Prepare periodic reports on loan performance, client feedback, and portfolio trends.
• Promote the bank’s financial products and services to existing and potential clients.

Preferred Skills

• Customer relationship management
• Sales and target orientation
• Analytical and reporting skills
• Problem solving and decision making ability.

What We Offer

• Competitive compensation and performance based incentives.
• Continuous learning and professional development opportunities.
• A supportive and innovative work environment.
• Opportunities for career growth within the bank.