VACANCY ANNOUNCEMENT
LK Microfinance is a registered Micro Credit company in Tanzania located at Win Win Shopping centre, Mbezi Beach, Plot No157, Kinondoni Municipality, Dar es Salaam. The company hereby invites applications from competent and experienced personnel to fill two vacant positions:-LOAN OFFICER - 2 POSTS
Duties and Responsibilities
To process loan applications and evaluate them for eligibility and suitability to ensure that nothing stands between business or personal goals.
- Interviewing applicants to determine financial eligibility and feasibility of granting loans,
- To act as liaison between customers and our financial institution and you will help qualified applicants acquire loans in a timely manner.
- Communicate with clients either to request or to provide information.
- Justify decisions (approvals/rejections) and report on them.
- Maintain and update account records,
- Develop referral networks, suggest alternate channels and cross-sell products and services to accomplish quotas,
- Operate in compliance with laws and regulations and adhere to lending compliance guidelines,
- Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans.
- Explain to customers the different types of loans and credit options that are available, as well as the terms of those services.
- Obtain and compile copies of loan applicants' credit histories, corporate financial statements, and other financial information.
- Review and update credit and loan files.
- Review loan agreements to ensure that they are complete and accurate according to policy.
- Compute payment schedules.
- 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.
- Prepare reports to send to customers whose accounts are delinquent, and forward irreconcilable accounts for collector action.
- Arrange for maintenance and liquidation of delinquent properties.
- Petition courts to transfer titles and deeds of collateral;and
- Any other task as may be assigned by the supervisor.
1.2 Qualifications and Experience
Must be a holder of Diploma/Advanced Diploma/Bachelor Degree in Finance, Economics,Banking,or related field
Must be able to speak both English and Swahili language
Experience in the relevant field will be an added advantage.
Proficient computer skills, including Microsoft Office Suite.
Able to analyze financial records and transfer data
Additional Knowledge, Skills and Abilities
Excellent Customer Service skills,attentiveness,and information retention.
Detail oriented, high degree of accuracy.
Familiar with banking regulations
Ability to work independently.
Strong communication and Organizational skills.
Competence with Computers.
Ability to work in a fast-paced environment and under pressure.
Ability to make sound decisions including on the spot decisions regarding customer transactions.
Remuneration
According to Company Pay Scale.
2.0 Mode of application
All applications should be sent via info@lkmicrofinance.co.tz
Phone No. 0745292135
Deadline is on Monday 28th October,2022.
Only shortlisted applicants will be contacted.
