Job Title: Loan Officer
Location: Marina, Lagos

Salary: 70-150kgross

Our client a microfinance bank is seeking a competent loan officer who will be expected to develop and generate business by reaching out to prospective clients.

Job Responsibilities:

  • Source for new clients through promotion and assist prospective clients with loan applications.
  • Preparation and presentation of loan proposals to credit and risk assessment committee.
  • Portfolio management with full responsibility for its growth and quality (monitoring of disbursed loans, follow up on timely repayment, initiating and leading recovery activities, etc.).
  • Effective relationship management through high client satisfaction, reaching a high ratio of revolving clients.
  • Collection of detailed information (personal, business, and guarantees) in preparation of loan proposals as well as thorough evaluation and assessment of loan applications.
  • Analyzing and interpreting financial statements of businesses, to access the repayment capacity and financial soundness of the loan applicants.
  • Evaluate loan applications and documentation by confirming credit worthiness.
  • Sales of retail products and services to potential customers by making proactive sales effort.
  • Improve loan applications and documentation by informing applicants of additional requirements.
  • Rejects loans by explaining deficiencies to applicants.
  • Analyses the financial viability of clients who seek to acquire loans for homes and businesses.
  • Conducts preliminary interviews with loan applicants.
  • Gives recommendations to clients on the type of lending program they should avail, including term and payment schedule.
  • Review all loan documents and agreements to make sure these are all complete, valid, and according to the bank’s guidelines.
  • Approve or disapprove loan applications based on merit and level of financial viability.
  • Meet with clients who have difficulty keeping up with the loan amortization schedule and adopt a proactive position to win/win solutions.
  • Help customers by answering questions; responding to requests.
  • Maintain customer confidence by keeping loan information confidential.

Essential Requirements

  • Candidates should possess B.Sc Degree in any field
  • Must have 1- 5 years experience in Microfinance Banking and loan administration.
  • Must have a flair for Sales/Marketing
  • Good communication skills
  • Very smart and articulate

Job Category: Banking Marketing Sales
Job Type: Full Time
Job Location: Lagos

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