Loan Officer (Individual Loan)

VisionFund Tanzania Microfinance Bank Ltd (VFT MFB)formerly known as SEDA is a fast growing and reputable Micro Finance Bank(MFB), that has a loan book of approximately TZS. 20 billion and more than 30,000 client base, more than 5,000 of whom are small holder farmers. VFT-MFB is seeking to employ a dynamic and committed Tanzanian young man or woman who has a passion for people’s economic development to fill in the vacant positions detailed here below;

Work Reference No. 023/22

Position: Loan Officer (Individual Loan)

Reporting to: Loan Supervisor/Branch/Business Center Manager

Responsibility:

The Loan officer is responsible for promoting VFT Individual loan and other products to potential customers, screening them against the eligibility criteria’s, assess the loan and recommend to the credit committee. The position holder also recruits customer not less than agreed targets and ensure portfolio quality below the acceptable level at all times.

Main tasks

• Markets VFT- MFB LIMITED Individual loan products or services and finds Individual loan clients in designated areas of operation.
• Orient Clients on VFT- MFB LIMITEDs’ product and process as per the set policies and loan documentation required.
• Conducting Business and Home verification to establish credit worthiness and verification of collateral.
• Open and maintain client’s files and ensure that all required information is filed according to the laid down policies.
• Guide the clients on filling and completing loan application forms, ensures that the forms are properly filled and affixed with clients’photos as required and that clients read and understand every loan form before filling.
• Compile loan document to a loan file with all required document as per credit policy and product book and Presents the loan file to the branch/Business center credit committee, is also a member of credit committee as per credit Manual.
• Coordinate with client and Business Center Manager on comple­tion of Notice of deposit or Mortgage for clients who are required as per the credit policy.
• ajiraResponsible in ensuring that repayment of loans is done as per the agreed schedules and enforce zero tolerance policy to clients on loan repayment
• Immediate and close follows up on all delinquent loans to ensure on time repayment and file in CRM the delinquency procedure undertaken in compliant to credit Manual.
• Attend Individual loan customers visiting the office and as well as customer complain and other

Qualifications/Experience:

• A bachelor’s degree in Banking and Finance, Accounting, Microf­inance, Economics, Business Administration, Finance or any related field.
• Banking or Financial Institution experience of not less than 3 years 1 of which should be in dealing with Individual loans.
• Excellent financial analysis skills especially financial ratio to determine credit worthiness.
• Understanding of the Credit Bureau scores and requirements.

About our working environment & remuneration:

VisionFund Tanzania Microfinance Bank has a calm and harmonious working environment where staffs are highly valued. Good work is recognized and rewarded accordingly and there is an opportunity to grow professionally and spiritually.

Mode of Application:

Interested and suitably qualified individuals should;

1. Forward their application letter, detailed CV’s with three referees, attaching certified copies of NIDA ID, academic and professional certificates; to vftHRstaff@vftz.co.tz.
2. All applications should be addressed to;

The Chief Executive Officer,
VisionFund Tanzania Microfinance Bank Limited
P.0. Box1546,
Arusha, TANZANIA.

3. The position should be the subject of the email application.
4. The deadline for the application is on 02nd September, 2022.

N.B. Only short-listed candidates will be contacted.

Disclaimer

VisionFund Tanzania Microfinance Bank would like to inform the general public that it has not engaged any consultant/agent to conduct recruitment on its behalf.