The Credit Officer (Microfinance) is responsible for managing the credit portfolio, driving customer acquisition and sales of financial products, conducting thorough loan appraisals, assessing applicant creditworthiness, and ensuring compliance with all necessary security and documentation procedures to maintain the quality and growth of the microfinance portfolio.
Responsibilities
- Customer Mobilization: Carry out aggressive marketing and outreach activities and be responsible for cross-selling financial products offered by the company. In addition, acquaint customers with products, approval policies, and all terms and conditions of accessing loans from the company.
- Loan Processing: Assist clients in completion of loan applications, preparing loan analysis, recommendations, presenting the recommendations to the Branch Credit Committee, and ensuring that all pre-disbursement conditions are fulfilled.
- Loan Appraisal and Verification: Appraise diligently and thoroughly loan applications received from individuals or companies. Investigate and assess the applicant's background and in particular their character creditworthiness, and credit history as per records held by credit reference bureaus.
- Due Diligence: Verify all particulars contained in the application form.
- Financial Evaluation: Check and evaluate the particulars and financial projections of the repayment source.
- Timeliness: Ensure that all applications are evaluated and submitted to the Credit Committee promptly and not later than two days from the date of application.
- Security Documentation: Ensure that security documentation is complete and duly perfected, properly executed, and realizable as guided by the company credit policy.
- Other Duties: Carry out any other duties and assignments as may be directed by your supervisor from time to time.
Requirements
- Bachelors degree in finance or any related field.
- At least three years experience as credit officer in microfinance.
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