Location: Ikoyi, Lagos

Salary: 1,440,000/Annum

Job Description

• Approve loans 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, and property evaluations 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 and update credit and loan files.
• Review loan agreements to ensure that they are complete and accurate according to policy
• Compute payment schedules, winning of new accounts, processing loan applications, loan disbursement and monitoring 
• Deposit mobilization, Collection of loan repayments, Rendition of daily returns
• Stay abreast of new types of loans and other financial services and products in order to better meet customers’ needs.
• Submit applications to credit analysts for verification and recommendation.
• 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.
• Confer with underwriters to aid in resolving mortgage application problems.
• Negotiate payment arrangements with customers who have delinquent loans.
• Market bank products to individuals and firms, promoting bank services that may meet customers’ needs.
• Supervise loan personnel.
• Set credit policies, credit lines, procedures and standards in conjunction with senior managers.
• Provide special services such as investment banking for clients with more specialized needs.
• 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, and forward irreconcilable accounts for collector action.
• Arrange for maintenance and liquidation of delinquent properties.
• Petition courts to transfer titles and deeds of collateral to banks.

Job Requirements

• Advance knowledge of the Microfinance and/or Banking industry and related state or banking compliance regulations, banking law, etc. is a must
• High level of numeracy to evaluate complex statistical financial information is required
• Strong managerial, business development, analytical and research skills
• Strong leadership qualities with a proactive, results- oriented and a positive “can do” disposition
• Excellent oral, written communication and presentation skills
• Must possess good knowledge in results-based management systems (RBMS)
• Excellent computer skills in the use of Microsoft office suite and working knowledge of banking software.
• Willingness to work on flexible scheduling.

Personal Attributes

• Critical thinking and problem solving skills
• Planning and organizing
• Decision-making
• Communication skills
• Persuasiveness
• Influencing and leading
• Delegation
• Team work
• Negotiation
• Conflict management
• Adaptability
• Stress tolerance