Micro Credit Loan Officer

Company Description

Regent Microfinance Bank Ltd is a Nigerian financial institution focused on providing accessible banking services to micro and small enterprises, economic groups, and low-income individuals. Incorporated in July 2014 and operational since November 2014, the bank is wholly owned by private citizens from diverse professional and ethnic backgrounds.

Regent Microfinance Bank is committed to meeting the financial service needs of underserved sectors while maintaining sustainable profitability for its shareholders. The bank serves a fast-growing customer base of MSMEs, individuals, groups, and civil servants who benefit from its loan products and other value-added services. With expansion underway, the bank plans to open additional branches across Abuja subject to CBN approval.

Role Description

The Micro Credit Loan Officer is a full-time, on-site role based in Abuja. The role involves identifying and assessing potential borrowers, conducting credit appraisals, and managing loan origination for micro and small enterprise clients, economic groups, and low-income individuals. The Micro Credit Loan Officer will process loan applications, perform basic financial analysis, and support underwriting decisions in line with the bank’s credit policies. Daily tasks include maintaining accurate loan documentation, monitoring loan performance, and following up on repayments to ensure portfolio quality. The role also requires delivering responsive customer service, educating clients on loan products and terms, and collaborating with internal teams to support branch growth and outreach activities.

Requirements & Qualifications

• Educational Background: Minimum of OND/HND/B.Sc. in Finance, Banking, Economics, Business Administration, or a related field.
• Experience: Minimum of 1-3 years of proven experience in microcredit, loan processing, or related roles (preferably in a Microfinance Bank or financial institution).
• Candidates should possess experience as Loan Officers with a focus on microcredit and MSME lending.
• Candidates should possess foundational Finance skills, including basic financial analysis and understanding of credit risk.
• Candidates should possess Underwriting skills related to credit assessment, loan structuring, and adherence to lending policies.
• Candidates should possess strong Customer Service skills, including communication, client education, and relationship management.
• Candidates should possess Loan Origination skills, including prospecting, application processing, and documentation management.
• Relevant academic background in Banking, Finance, Economics, Business Administration, or a related field.
• Strong numerical skills, attention to detail, and ability to work with loan management systems and basic office software.
• Demonstrated integrity, reliability, and ability to work in a target-driven environment within a team setting.
• Prior experience in microfinance or retail banking in Nigeria, especially within Abuja or similar markets, is an advantage.

Key Responsibilities

• Source, evaluate, and onboard potential clients for microcredit loans.
• Conduct credit appraisals and risk assessments of clients’ businesses and repayment capacity.
• Maintain accurate and timely documentation of all loan applications, approvals, and disbursements.
• Monitor loan utilization and follow up on repayments to ensure portfolio quality.
• Build and maintain strong client relationships to enhance customer satisfaction and retention.
• Collaborate with the credit and recovery teams to manage delinquent accounts.
• Prepare periodic reports on loan performance, client feedback, and portfolio trends.
• Promote the bank’s financial products and services to existing and potential clients.

Preferred Skills

• Customer relationship management
• Sales and target orientation
• Analytical and reporting skills
• Problem solving and decision making ability

What We Offer

• Competitive compensation and performance based incentives.
• Continuous learning and professional development opportunities.
• A supportive and innovative work environment.
• Opportunities for career growth within the bank.

How to Apply

Interested and qualified candidates should submit their application or send their CV to recruitment@regentmfb.com with “Micro Credit Loan Officer” as the subject line.

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