SME/Retail Loan Officer at Alert Microfinance Bank

Job Details

Loan Application Processing:

• Receive and review loan applications submitted by SME clients.
• Analyze financial statements, credit reports, and other relevant documents to assess the creditworthiness of applicants.
• Conduct risk assessments and make recommendations regarding loan approvals or rejections based on established criteria.

Client Relationship Management:

• Develop and maintain strong relationships with SME clients, understanding their business needs and financial requirements.
• Provide guidance and advice to clients on suitable loan products and financial solutions.
• Address client inquiries, concerns, and requests promptly and professionally.

Credit Underwriting:

• Evaluate loan applications to determine the appropriate loan amount, interest rates, and repayment terms.
• Assess the risk associated with each loan application and ensure compliance with lending policies and regulations.
• Collaborate with credit risk management teams to mitigate potential risks and ensure the quality of the loan portfolio.

Loan Documentation and Compliance:

• Prepare and review loan documentation, ensuring accuracy and completeness.
• Verify the authenticity of collateral and other security provided by borrowers.
• Ensure compliance with regulatory requirements, internal policies, and procedures throughout the loan origination process.

Portfolio Management:

• Monitor the performance of existing loan portfolios, including repayment schedules and outstanding balances.
• Identify and address any delinquencies or defaults, implementing appropriate remedial actions as necessary.
• Conduct regular reviews and assessments of client accounts to identify opportunities for upselling or refinancing.