Job Description
REF: (SS/CO/02/23)
Our client, a licensed Deposit Taking Sacco headquartered in Kisii Town, is seeking to recruit a qualified and highly motivated individual to fill the position of a Credit Officer.
Reporting to the Credit Manager, the individual will be responsible for loan processing, loan monitoring, generating reports and initiative on the improvement of service delivery.
Tasks and Responsibilities
• Ensure strict adherence to loan policies/guidelines for the issuance of quality loans
• Ensure member’s eligibility for loaning including the ability to repay and securities
• Ensure members are advised appropriately based on their loan appraisal status/position
• Ensure that all loans issued are effectively guaranteed
• Ensure timely loan appraisals within set time limits and communicate feedback to members within acceptable timelines
• Ensure a timely and effective loan approval process within set limits, by presenting appraised loans for approval and approving the same in the system.
• Ensure timely and accurate disbursement of approved loans
• Ensure all loan forms processed, rejected, and deferred are kept safely and in member files
• Monitor all collaterals used for loans and ensure they are adequate and well updated
• Ensure effective communication and advice to members on loan matters/queries
• Ensure that new & continuing members’ deductions on savings, share capital and any other statutory deductions are accurate and timely
• Ensure all employer remittances/payments to the Sacco in lieu of Sacco loan payments are received and forwarded to Finance for settlement
• Ensure that all default notices and guarantor notices are issued in a timely manner
• Ensure guarantor/collaterals substitutions are done accurately and in a timely manner
Minimum Qualifications and Skills
• A Bachelor’s Degree in Accounting/Finance or a Business-Related Degree from a recognized university
• CPA II or Credit Management Certification
• A minimum of 3 years of experience in a busy financial institution
• Sound knowledge of Sacco laws and regulations
• A person of integrity, and team player with effective communication skills
• Sound judgment and decision-making ability on lending across all sectors
• Excellent analytical, interpersonal, and team management skills