Immediate Start
1 month ago
Job Summary
The Loan Officer is responsible for evaluating, authorizing, or recommending approval of loan applications for individuals or businesses. They analyze financial data, ensure compliance with lending procedures, and support clients throughout the loan process.
- Minimum Qualification : OND
- Experience Level : Internship & Graduate
- Experience Length : No Experience/Less than 1 year
- Working Hours : Full Time
Job Description/Requirements
Responsibilities:
- Identify and attract prospective loan clients through outreach, referrals, and walk-ins.
- Conduct interviews with applicants to determine financial eligibility and repayment ability.
- Provide guidance to clients on loan products, terms, and application requirements.
- Evaluate loan applications and documentation for completeness and accuracy.
- Conduct credit checks, background verifications, and risk assessments through the right department.
- Perform cash flow and collateral analysis where applicable.
- Submit recommendations for loan approvals to the credit committee.
- Prepare and review loan agreements for approval and disbursement.
- Ensure compliance with company lending policies and regulatory standards.
- Monitor active loan accounts to detect early signs of default.
- Follow up with clients on repayment schedules and resolve repayment issues.
- Initiate recovery steps for defaulted loans in collaboration with recovery officers.
- Maintain accurate client and loan records.
- Prepare weekly/monthly reports on loan performance and disbursement activities.
- Adhere to all KYC regulations
Requirements:
- Excellent Communication Skill
- Interpersonal Skill
- Strong Analytical Skill
- Trustworthy Detail Oriented
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