Loans Officer Job Vacancy in Kenya – Micro-Finance Institution

Loans Officer 

Our client is an upcoming Micro-Finance Institution offering Loan services to individuals and groups Our Client is looking for a young, energetic and passionate individual to fill the position of Loans Officer

Job Purpose
Evaluate, authorize, or recommend approval of loans. Advise borrowers on financial status and methods of payments.
Key responsibilities
  • Analyses applicant’s financial status, credit, and property evaluation to determine feasibility of granting loan.
  • Approves loan within specified limits.
  • Refers loan to loan committee for approval.
  • Interviews applicant and requests specified information for loan application.
  • Contacts applicant or creditors to resolve questions regarding application information.
  • Ensures loan agreements are complete and accurate according to policy.
  • Computes payment schedule.
  • Submits application to credit analyst for verification and recommendation.
  • Petitions court to transfer title and deeds of collateral to bank.
  • Analyses potential loan markets to develop prospects for loans.
  • Arranges for maintenance and liquidation of delinquent property.
  • Negotiates payment arrangements with customers for delinquent loan balance.
  • Supervises loan personnel.
Minimum requirements
  • A Degree in Finance/Banking/Economics or its equivalent
  • 2 – 3 years’ experience as a credit/loans officer
  • Good interpersonal and communication skills
  • Emotional intelligence
Salary: Kshs. (20,000 – 30,000)
How to Apply:
If you are interested in the position and have the skills and talents our client is looking for, we would like to hear from you.
Please send a copy of your updated resume, salary and benefits to before close of business 25th February, 2014.
Only successful candidates will be contacted.
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