• Application Deadline:
• Position: Loan Officer


• Job Type Full Time


• Qualification BA/BSc/HND


• Experience 3 - 5 years


• Location Abuja


• Job Field Finance / Accounting / Audit 
  

Job Description

• The Loan Officer s responsible for evaluating, authorizing, and recommending approval of loan applications.


• This role involves assessing creditworthiness, providing customer service, and ensuring compliance with lending policies and regulations.


• The ideal candidate will have strong analytical skills, excellent interpersonal abilities, and a commitment to supporting financial inclusion.

Key Responsibilities

Loan Processing:

• Review and assess loan applications for accuracy and completeness.


• Conduct interviews with loan applicants to gather information and understand their financial needs.


• Analyze applicants’ financial status, creditworthiness, and risk factors.


• Make decisions regarding loan approvals or rejections based on established guidelines.

Customer Service:

• Provide guidance and support to clients throughout the loan application process.


• Explain loan products, terms, and conditions to potential borrowers.


• Address client queries and concerns promptly and professionally.


• Maintain strong relationships with clients to foster trust and encourage future business.

Compliance and Documentation:

• Ensure all loan documentation is accurate, complete, and complies with regulatory and internal policies.


• Maintain detailed records of loan applications, approvals, and denials.


• Monitor and report on loan performance and client repayment behavior.

Risk Management:

• Identify potential risks associated with loan applications and take appropriate action to mitigate these risks.


• Stay informed about market trends and economic conditions that could impact lending practices.

Team Collaboration:

• Work closely with other team members and departments to ensure seamless loan processing.


• Participate in regular meetings and contribute to discussions on improving loan services and products.

Community Outreach:

• Engage with local communities to promote the bank’s loan products and services.


• Assist in organizing financial literacy workshops and seminars.

Qualifications

• Education: Bachelor’s degree in Finance, Business Administration, Economics, or a related field. Relevant certifications are a plus.


• Experience: 3 to 5 years previous experience in lending, banking, or a financial services role is preferred. Experience in microfinance is an required.

Skills:

• Strong analytical and numerical skills.


• Excellent communication and interpersonal skills.


• Proficiency in Microsoft Office Suite and loan management software.


• Ability to work independently and as part of a team.


• Strong organizational skills and attention to detail.

Attributes:

• Commitment to ethical lending practices and financial inclusion.


• Ability to handle sensitive and confidential information with discretion.


• Problem-solving orientation and proactive approach.