Loan Officer at Davo Dani Microfinance Bank

DavoDani Microfinance Bank Lagos is a product of the buy-over of a defunct unit MFB incorporated in 2008. In 2014, new owners led by Prince Austin Enajemo-Isire acquired the unit-licensed MFB and changed the name to DavoDani Microfinance Bank Limited Lagos and continued as a unit MFB. After a process of rebirth, turnaround, and recapitalization, the bank grew its depleted operating capital of N5.4m due to losses at the time of acquisition, to N100m in 2015.

DDMFB has since rebranded with a new corporate identity and boasts of seasoned and distinguished professionals from diverse backgrounds in the Executive Management team. The bank is driven by a board of directors comprising renowned and well-experienced professionals with different backgrounds, experiences, skills, and competencies both in the private and public sector; providing continuous robust oversight functions to management for the growth and development of the bank.

We are recruiting to fill the position below:

Job Title: Loan Officer

Location: Lagos
Employment Type: Full-time

Job Summary

• The Loan Officer is responsible for evaluating, processing, and managing loan applications for small and medium-sized enterprises (SMEs). 
• The role involves assessing creditworthiness, ensuring compliance with lending policies, maintaining strong client relationships, and mitigating risks while maximizing portfolio growth.

Key Responsibilities

• Loan Origination & Assessment – Identify, evaluate, and process loan applications from SMEs, including credit risk analysis and due diligence.
• Loan Processing & Disbursement – Ensure accurate documentation and compliance with lending policies before loan approval and disbursement.
• Portfolio & Risk Management – Monitor loan repayments, manage non-performing loans, and implement recovery strategies.
• Client Relationship & Business Development – Build and maintain strong SME client relationships, provide financial advisory, and drive loan portfolio growth.
• Regulatory Compliance & Reporting – Ensure adherence to banking regulations and prepare periodic reports on loan performance.

Preferred Qualifications

• Bachelor’s Degree, HND in Finance, Accounting, Economics, Business Administration, or related field.
• 2-4 years of experience in credit analysis, loan processing, or SME lending in a microfinance or commercial bank.

Key Skills & Competencies:
Technical Skills:

• Strong knowledge of SME financing and risk assessment.
• Proficiency in financial statement analysis and cash flow projections.
• Good understanding of regulatory and compliance requirements in microfinance.
• Experience using loan management systems and banking software.

Soft Skills:

• Excellent communication and interpersonal skills.
• Strong negotiation and persuasion abilities.
• High level of integrity and ethical standards.
• Analytical and problem-solving mindset.

Behavioral Attributes:

• Proactive and self-motivated with a strong sense of responsibility.
• Ability to work independently and within a team.
• Resilient and capable of handling loan recovery challenges effectively.

Application Closing Date
Not Specified.

Method of Application
Interested and qualified candidates should forward their CV to: hr@davodanimfb.com using the job title as the subject of the mail.