Summary
Date Posted: Monday, February 17 2025, Base Salary: Not Disclosed

JOB DETAILS:
Job Purpose
The Credit Officer will be preparing loan applications, evaluating clients’ financial information and calculate risk ratios. Ensure that the assessment and disbursement of the proposal is in line with Banking guidelines/manual. Ensure to maintain TAT for all the advances by continuously monitoring the overall progress of the proposal. Maintain records of loan applications and monitor payments. Overall responsible for loan processing and loan monitoring.

Summary of Key Responsibilities:
• Meeting with clients interested in taking out a loan and providing them with the necessary information to start the loan application process.
• Collecting the needed financial documentation and assessing the clients’ creditworthiness.
• Calculating and analysing the risk ratios of clients based on their credit score and financial history.
• Approving or denying loan requests, and communicating your decision to both clients and management.
• Setting up payment plans for clients explaining monthly instalment amounts, interest rates, and other costs.
• Maintaining records of loan applications by using loan management software.
• Managing loan renewals by organizing follow-up meetings with clients.
• Monitoring the progress of the loan application process and relaying any hindrances to clients.
• Ensuring that loan applications are in line with the bank’s financial policies, as well as state laws and regulations
• Conduct inspection and/or appraisal of any property being offered as collateral • Prepares and presents credit applications to the branch credit committee for approval
• Closely monitor loan payments and ensures zero tolerance against past due

Required Skills and Competencies:
• Strong analytical skills
• Problem-solving skills
• Excellent communication skills
• Attention to detail
• High level of inter-personal skills & integrity
• Excellent organizational skills
• Ability to work well under pressure.

Primary Areas of Accountability:
Qualifications and Experience
• Degree in Business Administration, Banking, Finance, Accountancy, Economics or Business-related field
• Must have at least have a minimum of 05 years relevant working experience in a Commercial Bank
• Excellent knowledge of loan application procedures and best lending practices according to state laws and regulations.
• Ability to work with loan management software, such as Lendstream, CreditOnline, and FileInvite.
• Strong communication skills and proven customer service experience
• Excellent knowledge of credit review processes and the establishment of credit policies
• Proven ability to create innovative solutions to problems
• Excellent negotiation skills o Intermediate to advance Excel skills and general good computer skills
• Certified Credit Professional (CCP) certification will be a plus

Work Hours: 8

Experience in Months: 60

Level of Education: Bachelor Degree

Job application procedure
Interested in applying for this job? Click here to submit your application now.
• QUALIFIED & EXPERIENCED FEMALES ARE ENCOURAGED TO APPLY FOR THIS POSITION
• If you meet the hiring requirements for the position, please email your CV in MS Word and Cover Letter clearly stating your salary expectations to: jobs@bemconsult.com  & Cc bemconsult8@gmail.com 
• Note that, all communications will be kept in the strictest of confidence. If you do not receive communication within 21 working days of the closing date of the advert, please consider your application unsuccessful.
• DO NOT SEND CERTIFICATES AT THIS STAGE

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