The chief functions of a Credit Officer is to identify new customers; facilitate group formation; appraise and assess loan
applications; prepare assessments and recommendations for Credit Manager; and educate loanees
as to their responsibilities for repayment of loans.
Main Duties and Responsibilities
* To interview applicants and to explain the lending procedures and requirements to the potential customers.
* To facilitate group formation and train groups
* To receive loan applications.
* To assess customer's applications, visit the business premises as well as the residence to appraise the financial situation of the customer/business/project.
* To advise customers as to the documents and financial, reports required to process their loan applications.
* To process customers application and prepare a financial and social data (cash flow, balance sheet) for submission to Credit Manager.
* To ensure that all documents required are complete and signed by the customer.
* To disburse loans according to the decision of the Credit Manager.
* To follow up all loans outstanding he/she is responsible for.
* To ensure strict and continuous follow-up of his/her outstanding portfolio by checking the up-dated arrears list.
* To ensure that all types of securities (insurance policies, fixed deposits etc) are being kept up to date.
* To review periodically bad and doubtful accounts for chances of recovery.
* To evaluate loans and customers after repayment.
Requirements
A relevant college education and 5 years relevant experience in a microfinance environment. Experience working with groups is critical for this assignment.
Please send your application and resume to platinumsphere@gmail.com
Only short listed candidates will be contacted
applications; prepare assessments and recommendations for Credit Manager; and educate loanees
as to their responsibilities for repayment of loans.
Main Duties and Responsibilities
* To interview applicants and to explain the lending procedures and requirements to the potential customers.
* To facilitate group formation and train groups
* To receive loan applications.
* To assess customer's applications, visit the business premises as well as the residence to appraise the financial situation of the customer/business/project.
* To advise customers as to the documents and financial, reports required to process their loan applications.
* To process customers application and prepare a financial and social data (cash flow, balance sheet) for submission to Credit Manager.
* To ensure that all documents required are complete and signed by the customer.
* To disburse loans according to the decision of the Credit Manager.
* To follow up all loans outstanding he/she is responsible for.
* To ensure strict and continuous follow-up of his/her outstanding portfolio by checking the up-dated arrears list.
* To ensure that all types of securities (insurance policies, fixed deposits etc) are being kept up to date.
* To review periodically bad and doubtful accounts for chances of recovery.
* To evaluate loans and customers after repayment.
Requirements
A relevant college education and 5 years relevant experience in a microfinance environment. Experience working with groups is critical for this assignment.
Please send your application and resume to platinumsphere@gmail.com
Only short listed candidates will be contacted
