Loan Officer at Ultraviolet Microfinance Bank

Ultraviolet Microfinance Bank isLicensed by the Nigerian apex bank, Central Bank of Nigeria, to operate uniquely within the Nigerian financial sector, we are continually guarded by our core strategic objectives to position ourselves as an innovative leader, customer-centric and inclusive financial solutions providers.

We are recruiting to fill the position below:

Job Title: Loan Officer

Location: Abuja (FCT)
Employment Type: Full-time

Job Description

• The Loan Officer s responsible for evaluating, authorizing, and recommending approval of loan applications.
• This role involves assessing creditworthiness, providing customer service, and ensuring compliance with lending policies and regulations.
• The ideal candidate will have strong analytical skills, excellent interpersonal abilities, and a commitment to supporting financial inclusion.

Key Responsibilities
Loan Processing:

• Review and assess loan applications for accuracy and completeness.
• Conduct interviews with loan applicants to gather information and understand their financial needs.
• Analyze applicants’ financial status, creditworthiness, and risk factors.
• Make decisions regarding loan approvals or rejections based on established guidelines.

Customer Service:

• Provide guidance and support to clients throughout the loan application process.
• Explain loan products, terms, and conditions to potential borrowers.
• Address client queries and concerns promptly and professionally.
• Maintain strong relationships with clients to foster trust and encourage future business.

Compliance and Documentation:

• Ensure all loan documentation is accurate, complete, and complies with regulatory and internal policies.
• Maintain detailed records of loan applications, approvals, and denials.
• Monitor and report on loan performance and client repayment behavior.

Risk Management:

• Identify potential risks associated with loan applications and take appropriate action to mitigate these risks.
• Stay informed about market trends and economic conditions that could impact lending practices.

Team Collaboration:

• Work closely with other team members and departments to ensure seamless loan processing.
• Participate in regular meetings and contribute to discussions on improving loan services and products.

Community Outreach:

• Engage with local communities to promote the bank’s loan products and services.
• Assist in organizing financial literacy workshops and seminars.

Qualifications

• Education: Bachelor’s degree in Finance, Business Administration, Economics, or a related field. Relevant certifications are a plus.
• Experience: 3 to 5 years previous experience in lending, banking, or a financial services role is preferred. Experience in microfinance is an required.
• Skills:
  • Strong analytical and numerical skills.
  • Excellent communication and interpersonal skills.
  • Proficiency in Microsoft Office Suite and loan management software.
  • Ability to work independently and as part of a team.
  • Strong organizational skills and attention to detail.
• Attributes:
  • Commitment to ethical lending practices and financial inclusion.
  • Ability to handle sensitive and confidential information with discretion.
  • Problem-solving orientation and proactive approach.

Application Closing Date
27th September, 2024.

How to Apply
Interested and qualified candidates should send their CV to: [email protected] using the Job Title as the subject of the email.