Job Description for Loan Officer
Reporting to the Sacco manager, the loan officer is in charge of the loaning processes of the company.
The loan officer is accountable for the growth of lending portfolio and maintaining efficiency of the process.
CompetenciesReporting to the Sacco manager, the loan officer is in charge of the loaning processes of the company.
The loan officer is accountable for the growth of lending portfolio and maintaining efficiency of the process.
- Good
communication skills
- An
Analytical mind
- Attention
to detail
- Must
have good interpersonal skills
Duties and responsibilities
- Receive
loan applications from all offices and approve them within specified
limits,and refer loan applications outside those limits to management for
approval.
- Meet
with applicants to obtain information for loan applications and to answer
questions about the process
- Analyze
applicants financial status, credit history, and property evaluations
where need be to determine feasibility of granting loans.
- Explain
to customers the different types of loans and credit options that are
available ,as well as the terms of those services
- Obtain
and compile copies of loan applicants’ credit histories, corporate
financial statements, and other financial information.
- Review
loan agreements to ensure that they are complete and accurate according to
the policy
- Compute
payment schedules
- Stay
abreast of new types of loans and other financial services and products in
order to better meet customer’s needs
- Submit
applications to the SACCO Manager for verification and recommendation
- Preparing
timely reports on the loan portfolio for the credit committee and the
management board meetings
- Handle
customer complaints and take appropriate action to resolve them
- Work
with clients to identify their financial goals and to find ways of
reaching those goals
- Negotiate
payment arrangements with customers who have delinquent loans
- Set
credit policies ,credit lines, procedures and standards in conjunction
with Sacco manager
- Analyze
potential loan markets and develop referral networks in order to locate
prospects for loans
- Prepare
reports to send to customers whose accounts are delinquent
- Follow
up loan collection from the clients with assistance from branch officers
- Arrange
for maintenance and liquidation of delinquent properties
- Petition
courts to transfer titles and deeds
- Perform
related work as assigned
Qualifications
- A
minimum of college diploma in a related field and 1 yr of experience in a
Sacco
- A
working knowledge of computer packages is necessary
If you feel you have met the above qualifications ,kindly send
your cover letter and CV to fcreditservices@gmail.com on or before 28th April
2012.