Loan Sale Officer

Job Summary:
The Loan Officer is responsible for evaluating, authorizing, or recommending approval of loan applications for individuals or businesses. They analyze financial data, ensure compliance with lending procedures, and support clients throughout the loan process.

Key Responsibilities:
1. Client Engagement:
Identify and attract prospective loan clients through outreach, referrals, and walk-ins.
Conduct interviews with applicants to determine financial eligibility and repayment ability.
Provide guidance to clients on loan products, terms, and application requirements.

2. Loan Assessment:
Evaluate loan applications and documentation for completeness and accuracy.
Conduct credit checks, background verifications, and risk assessments through the right department.
Perform cash flow and collateral analysis where applicable.

3. Loan Processing:
Submit recommendations for loan approvals to the credit committee.
Prepare and review loan agreements for approval and disbursement.
Ensure compliance with company lending policies and regulatory standards.

4. Portfolio Management:
Monitor active loan accounts to detect early signs of default.
Follow up with clients on repayment schedules and resolve repayment issues.
Initiate recovery steps for defaulted loans in collaboration with recovery officers.

5. Reporting & Compliance
Maintain accurate client and loan records.
Prepare weekly/monthly reports on loan performance and disbursement activities.
Adhere to all KYC regulations

Requirements:
Qualifications:
OND / HND/ BSc in Marketing Finance, Banking, Business Admin, or related field.
Experience:
1 - 3 year of experience in a similar role, preferably in microfinance, fintech, or banking.

Skills:
Strong analytical and credit evaluation skills.
Excellent communication and customer service skills.
Interpersonal Skill.
Trustworthy
Detail-oriented and goal driven.