5 Jobs YETU MICROFINANCE Bank Plc - Senior Credit Officers

 

Senior Credit Officers

Overview

Yetu Microfinance Bank Plc is a fast growing microfinance bank in Tanzania, it operating with three branches and sixteen connected financial service centre. The bank is known for its unique and distinct way of creating a conducive banking environment, where the expectations of our stakeholders, customers and employees can be fulfilled. 

Yetu Microfinance Bank is recruiting for an experienced, motivated and hands-on to fill the job vacancies below....

Position: Senior Credit Officers

Reports to: Branch Manager

Number of vacant positions: 5

1. Supporting new and current clients on loan and credit products:

• Setting up meetings with clients to obtain information on their loan needs;
• meeting and interviewing credit applicants in order to determine risk factors;
• determining the most suitable loan option; and Providing guidance on the lending process.

2. Assisting the Manager, before the loan’s approval or rejection, by ensuring the client meets the requirements to obtain a loan:

• Collecting information and processing each file to the closing stage;
• contacting other financial institutions to verify the financial background of loan applicants; examining applicants’ assets and finances;
• analyzing the applicants’ capability to repay loans by conducting a thorough assessment on creditworthiness; and submitting a detailed report regarding any abnormality on the processed file.

3. Ensuring the repayment of approved loans and credits:

• Ensuring that all related paperwork follows regulations and standards;
• ordering appraisals to be conducted on applicants’ properties and reviewing the title insurances;
• calculating payment schedules; and monitoring clients in order to guarantee their timely payment and maintain portifolio at risk at maximum of 3%

4. Maintaining detailed records on the transactions executed daily:

• Organizing all paperwork and updating database systems; and keeping a thorough daily record of every activity and incidence held at the institution.

5. Processing, reviewing, and completing loan and credit requests:

• Verifying the documentation contained in each application; and submitting the application to the manager for the credit or loan’s approval or rejection.

6. Contributing to ongoing professional business development activities:

• Cooperating with the bank’s endeavor of achieving a gross revenue and net operating income objectives;
• working alongside colleagues to gather marketing information, statistics, and trends; and building and maintaining an important customer base.
• Drafting all administrative paperwork including reminders, warnings, and updates in order to inform customers on relevant financial matters on theirs accounts and their status. 
• Ensuring compliance with all internal control and established policies related to loan products in order to guarantee transparency in every application processed.

Daily tasks

• Contacting and setting up meetings with prospective and current loan clients.
• Interviewing loan applicants in order to determine and evaluate all risk factors.
• Communicating with other financial institutions to request details on clients’ creditworthiness.
• Promoting the institution’s services and assisting clients in determining the most suitable loan to meet their financial objectives and needs. 
• Submitting the processed applications to the manager with the observations found in order to approve or reject the loan. 
• Keeping loan files and clients’ information up-to-date by completing credit and loan documentation, preparing detailed reports, and maintaining comprehensive computerized records. 
• Attend clients either in group meetings or individually
• Providing good quality of customer service according to company policies.
• Researching, gathering, and analyzing data to make effective and profitable decisions. Staying up-to-date on applicable current regulations

Qualifications and Experience:

• A minimum of Advanced Diploma or Bachelor Degree in any related Business Field
• Minimum relevant working experience of 4 years in microfinance/loans

Details on how to apply.

If you fit the description, please send you application and CV (in pdf only, we will delete anything else in other format) to hr@yetumfplc.co.tz

The Subject of the email should be, Application to the Position of Senior Credit Officer.

Application will be evaluated on rolling basis until a suitable candidate is hired.