Loan Officer

Scraped from: Afriworket

Job description

Key Responsibilities(but not limited to ) • Process loan applications within specified limits and assess the financial eligibility of applicants. • Conduct thorough due diligence, credit analysis, and prepare professional evaluation reports for the lending team or committee. • Provide advice, guidance, and financial resources to cooperative organizers, managers, and board members to support business growth. • Negotiate strategic terms and coordinate effectively with external lending partners including banks, credit unions, and microfinance institutions. • Grow the cooperative's loan portfolio while proactively managing credit risks and monitoring borrower performance. • Maintain high-touch, professional relationships with prospective and existing borrowers throughout the loan lifecycle. • Represent the cooperative in public forums, meetings, and develop workshops/presentations to enhance brand visibility. • Conduct consistent follow-up with borrowers regarding monthly repayments and provide proactive advance notices. Skills and Qualifications • BA Degree in Accounting & Finance, Economics, Business Administration, Management, or related field of study. • Minimum of 3 years of proven, relevant experience in banking, microfinance, or saving and credit cooperative (SACCO) environments. • Strong financial analytical, risk assessment, and problem-solving skills. • Excellent communication, negotiation, and interpersonal skills. • Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint) and familiar with basic core-banking or financial software (Added Advantage). • High level of integrity, dedication, and commitment to the cooperative's values. If you are interested in this opportunity, please submit your resume and cover letter only within four consecutive working days from the date of this announcement. Applications can be sent via Afriwork Applicant Bot. Please note that only shortlisted candidates who meet the minimum requirements will be contacted for further screening.