Loan Officer

LOAN OFFICER
INDUSTRY: MICROFINANCE
HR World Limited on behalf of our client we are looking for a Loan Officer who will process loan applications and evaluate them for eligibility and suitability to ensure that nothing stands between business or personal goals.

RESPONSIBILITIES;

• Evaluating creditworthiness by processing loan applications and documentation within specified limits
• Interviewing applicants to determine financial eligibility and feasibility of granting loans.
• Determining all applicable ratios and metrics and setting up debt payment plans.
• Communicate with clients either to request or to provide information.
• Justify decisions (approvals/rejections) and report on them.
• Complete loan contracts and counsel clients on policies and restrictions.
• Update job knowledge on types of loans and other financial services.
• Maintain and update account records.
• Assess customer needs, explore all options, and introduce different types of loans.
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• Develop referral networks, suggest alternate channels, and cross-sell products and services to accomplish quotas.
• Go the “extra mile” to build trust relationships, customer loyalty, and satisfaction throughout the underwriting process.
• Operate in compliance with laws and regulations and adhere to lending compliance guidelines.
  
  

QUALIFICATIONS;

• Bachelor’s Degree in Finance, Accounts, Economics or equivalent.
• Minimum 5 years of working experience as a Loan Officer in Microfinance.
• Familiarity with computers and banking applications/software
• Solid understanding of direct/indirect lending products and practices
• Customer satisfaction orientation and sales competencies
• Ability to work in a goal-oriented environment
  
  

Interested candidates may send their CVs to career@hrworld.co.tz before 14th May 2024