Credit Manager Position at Serene Microfinance LTD

Employing Company: Serene Microfinance LTD

Working Station: Dar es Salaam, Tanzania

Serene Microfinance Limited has been a growing and expanding company since its establishment in providing financial solutions to many individuals and corporates. Serene Microfinance Ltd exceptionally stands as a good example due to the unique contribution in reaching many categories of customers in Tanzania with micro-loans whose operations are in many parts of Dar es Salaam City, the nearby Regions and all over Tanzania Regions.

Job Description

In an effort to streamline operations, Serene Microfinance LTD seeks to recruit a qualified CREDIT MANAGER to monitor the Credit Department and the teams in the credit department to ensure business development and achievement of Microfinance strategic goals.

Job Responsibilities for Credit Manager

General Responsibility

To oversee the Microfinance Lending process by ensuring a quality loan portfolio and ensuring customers return their loans timely without delay.

Core Tasks

To initiate, develop, improve and review Microfinance credit policies, Operational procedures and rules.
To oversee the Microfinance lending process by evaluating the creditworthiness of potential customers and conducting periodic reviews of existing customers.
To monitor the process of approving and rejecting loans based on available data and Microfinance lending policies and procedures.
Ensuring all loans and lending procedures comply with Microfinance regulations.
Monitoring and updating records of all Microfinance loans (disbursed, repaid, and overdue).
To optimize Microfinance sales, Monitor loan repayments and reduce bad debts by ensuring a quality loan portfolio.
To carry out loan restructuring of bad debt after clear assessment and negotiation with the customer.
To be innovative and advise on effective ways of managing loans technologically.
To prepare and communicate daily, weekly, monthly, quarterly, semi-annual and annual credit reports.
To Monitor daily, weekly, monthly, quarterly, semi-annual and annual reports of subordinates (Loan, Recovery, Risk and Marketing Officers).
Monitoring implementation of duties assigned to loan officers

Educational Qualifications & Experiences

Holder of a University Degree or equivalent qualification in business administration, Finance or any other related field.
At Least Two (2) years’ experience in a similar position.

Application Deadline

Kindly submit your application IN ONE PDF with a detailed CV, cover letter, and Academic Certificates to the address below no later than 27th August, 2025.

NOTE: All applications should be sent by Email and addressed to:

The Human Resource and Administration Manager, Serene Microfinance Ltd, P.O. Box 33813, Mikocheni B, Bima Road

Email: recruitment@serenemicrofinance.co.tz

Note: Only shortlisted candidates would be contacted.

“Serene is an Equal Employment Opportunity Company. Both male and female are encouraged to apply.”