Credit Officer

We are a regulated deposit taking Sacco in Kenya seeking to recruit qualified persons with high synergy to meet the Sacco’s goals and objectives. The Sacco invite applications for the following job positions:

Credit Officer

The holder of this position will report to the Credit Manager.

KEY RESPONSIBILITIES:

1. Loan evaluation: Screen loan applications, analyze financial information, and evaluate credit and risk ratios to determine loan eligibility and potential risks.
2. Policy and compliance: Ensure all loans adhere to institutional policies and procedures, and that all relevant regulations are followed.
3. Risk management: Assess and mitigate potential credit risks associated with loans and monitor collateral adequacy.
4. Client interaction: Advise clients on suitable loan options, gather necessary financial documentation, and maintain communication regarding loan status and repayment schedules.
5. Loan administration: Process loan disbursements accurately and on time, manage loan portfolios, and coordinate collections efforts.
6. Reporting: Prepare reports and recommendations for management on the status and performance of the loan book.

REQUIRED SKILLS AND QUALIFICATIONS

1. Strong analytical and problem-solving abilities.
2. Excellent communication, negotiation, and interpersonal skills.
3. High level of integrity and confidentiality.
4. Ability to work effectively with diverse clients and colleagues.
5. Attention to detail and organizational skills.
6. Experience in the financial, cooperative, or microfinance sector will be an added advantage.