Loan Processing Assistant

We are a regulated, well-established Deposit Taking (DT) Savings and Credit Co-operative Society for all Professionals with membership of over 26,000 spread globally. We are seeking to recruit highly qualified result-oriented individuals for the following positions.

LOAN PROCESSING ASSISTANT

Department: Operations

Workstation: Nairobi

Reports to: Loan Processing Manager

Section:  Loan Processing

JOB PURPOSE

To ensure that applied loans are accurately appraised ,processed and timely communication to members is done.

MAIN RESPONSIBILITIES OF THE JOB

1. Attend to members’ queries on loan enquiries.
2. Accurate and timely appraising and processing of all loans by observing the set policies, procedures, and service charter.
3. Review and validating data/information on all loan application forms before appraisal and forwarding for approval.
4. Collateral management during loan processing and ensuring all securities are properly perfected before approval and disbursement of loans.
5. Make constant communication and follow up with both the guarantors and borrowers on the loan processing status and pending matters for actioning within the stipulated timeframes.
6. Custody and safe keeping of documents during loan processing.
7. Ensure confidentiality of member information on loan processing in line with the code of conduct.
8. Ensure all long outstanding loan processing issues are escalated to the supervisor.
9. Marketing and selling of society products and services.
10. Any other lawful duties that may be assigned from time to time.

KNOWLEDGE, SKILLS AND EXPERIENCE

Minimum level of academic and professional qualification required

1. A bachelor’s degree in a business management related course or any other related field.
2. A professional qualification in accounting CPA K or Credit Management CCP
3. Successful candidates will be required to meet the requirements of Chapter 6 of the constitution of Kenya by obtaining the necessary documentation.

Minimum years of experience required

Minimum 2 years relevant experience and in a similar position in loan appraisal and processing.

Minimum skills and key attributes required

1. Credit risk/security evaluation.
2. Negotiation skills
3. Analytical and statistical skills.
4. Good People, Communication and Interpersonal skills
5. Excellent time management, planning and organization skills
6. Time management skills
7. Strong Ethical standards and integrity
8. Good knowledge of the market and the Society’s products and services
9. Self-confidence and Motivated