Loan Officer

Responsibilities:

• Recommend approval of loan applications based on creditworthiness.
• ⁠⁠Conduct in-depth interviews with applicants to gather financial information and understand their loan needs.
• ⁠Analyze applicants’ financial status, credit, and property evaluations to determine feasibility of granting loans.
• ⁠Maintain and build relationships with new and existing clients to ensure long-term partnerships.
• ⁠Explain loan options and terms to applicants clearly and effectively.
• ⁠Ensure all lending procedures comply with current regulations and company policy.
• ⁠Follow up with clients regarding loan documentation and repayments.
• ⁠Maintain detailed records of loan applications, approvals, and rejections for audit and compliance purposes.
• ⁠Monitor loan accounts and manage overdue payments.
• ⁠Collaborate with internal teams such as credit risk and legal to ensure seamless loan processing.
• ⁠Propose new credit services or product improvements based on client feedback and market research.
• ⁠Stay informed on financial regulations, market trends, and new loan products.

Requirements:

• Bachelor’s degree in Finance, Banking Economics, or a related field.
• Minimum of 2 years working experience in a loan officer or credit-related role.
• Understanding of financial statements, credit scoring, lending procedures, and Nigerian financial laws and regulations.
• Proficiency in Microsoft Office Suite and loan management software (e.g., Core Banking Systems CRM tools).
• Strong communication, negotiation, and customer service skills.
• Ability to analyze large amounts of data with accuracy.
• High ethical standards and professional conduct.
• Adapt to changing client needs or market conditions.