FINCA is a leading international Microfinance Institution offering financial services and products to small scale businesses that have been turned down by traditional banks, so that these businesses can start, grow, and diversify with resulting increases in family income, nutrition, employment and well-being.
FINCA pioneered the "Village Banking method of credit delivery, now used by hundreds of organizations worldwide. Our programs reach low-income people in more diverse countries than any other microfinance provider.
We are recruiting to fill the position below:
Job Title: Credit (Loan) Officer
FINCA is recruiting for Credit (Loan) Officers to join FINCA Microfinance bank Limited, Owerri, Nigeria. This position is for both experienced and entry level officers with a direct report to Customer Relationship Supervisor. The Credit Officer shall be responsible to effectively develop, manage and maintain high quality loans and savings portfolio.
S/he is also responsible in the close monitoring of repayment behaviours of client to ensure quality, while keeping client’s savings portfolio active.
Essential Duties and Responsibilities
Partner with Team Leader in developing weekly/monthly plans with regards to client mobilization and individual performance goals.
Maintain a good knowledge of assigned market geographical area and understand clients need with competing products.
Research and develop business opportunities within assigned geographical zone and assist marketing department with market research and impact studies upon request.
Market all FINCA Products and Services to potential clients by using the promotional tools as approved by management.
Responsible in acquisition and management of loans and savings portfolio; Loan initiation, processing, monitoring and repayment.
Conduct a thorough loan analysis to ascertain customer’s payment capacity and willingness; evaluate the credit risk before Credit Committee Meetings.
Reduce liquidity risk by aggressively reducing dormant savings accounts.
Ensure each loan disbursed are in compliance with FINCA lending procedures, policies and methodology.
Prepare and present report as assigned by your Team Leader/ Branch Manager.
Compile credit files with required documentation and hand over to back office staff for processing