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Company Profile

Job Position For Loan Officer

Fast Microfinance is seeking for a suitable and qualified candidate who will be a key Loan officer. The candidate must fits the bolow criteria, and be part of the team to add up more value in the Firm while cultivating meaningful relationships between the Firm and Clients.

Job Responsibilities

  • Processing and evaluating loan applications and documentation within specified time limits
  • Interview applicants to determine financial eligibility and feasibility of granting loans
  • Determine all applicable ratios and metrics and set up debt payment plans
  • Communicate with clients either to request or to provide information
  • Justify decisions on either loan approvals or loan rejections and provide comprehensive report to management.
  • Review loan agreements to ensure that they are complete and accurate according to policy
  • Complete loan contracts and counsel clients on policies and restrictions
  • Must be knowledgeable on all types of loans and other financial services
  • Maintain and update customers’ account records.
  • Assess customer needs, explore all options and introduce different types of loans
  • Develop referral networks, suggest alternate channels and cross-sell products and services to accomplish company’s goals
  • Obtain and compile copies of loan applicants' credit histories, corporate financial statements, and other financial information
  • Go the “extra mile” to build trust relationships, customer loyalty and satisfaction throughout the underwriting process
  • Operate in compliance with laws and regulations and adhere to lending compliance guidelines with reference Microfinance regulation acts
  • Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans.
  • Submit applications to credit analysts for verification and recommendation
  • Handle customer complaints and take appropriate action to resolve them.
  • Negotiate payment arrangements with customers who have delinquent loans
  • Analyze potential loan markets and develop referral networks in order to locate prospects for loans

Requirements

  • Proven working experience as a Loan Officer or related post
  • Familiarity with computers and banking applications/software
  • Solid understanding of direct/indirect lending products and practices
  • Excellent communication and interpersonal skills
  • Customer satisfaction orientation and sales competencies
  • Ability to work in a goal oriented environment
  • Diploma/Degree in finance, economics or a related field

Deadline and Submission

  • All applications must be submitted not later than 10th September 2021
  • Signed application letter, CV and copies of academic certificates in one combined PDF format document must be send to recruitment@fastmicrofinance.co.tz

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