Loan officer

Job description

Job Purpose: The loan officer will be in charge of administering and supervising the Government of the Republic of Zambia’s (GRZ) loan portfolio. Assessing loan applications, doing financial analyses, and reaching important decisions on loan approvals, disbursements, and monitoring are all part of the job description.

Duties and responsibilities include:

Oversee the GRZ loan portfolio, which includes analyzing financial records, determining creditworthiness, evaluating loan applications, and recommending whether to approve or deny a loan.
Conduct thorough financial analysis, including risk assessment, collateral evaluation, and cash flow analysis, on loan applications. Verify adherence to pertinent laws and guidelines.
Based on risk assessment, financial analysis, and policy compliance, make well-informed decisions about loan approvals. Oversee loan disbursements and make sure they are processed accurately and on time.
Keep an eye on loan performance, including interest payments, repayment plans, and collateral upkeep. Verify adherence to rules, covenants, and loan agreements. Take the proper measures for borrowers who are past due or in default.
Establish and maintain strong relationships with clients, providing guidance and support throughout the loan lifecycle. Act as a point of contact for loan-related inquiries, and address customer concerns or issues effectively.
Prepare accurate and timely reports on loan activities, including loan approvals, disbursements, repayments and portfolio performance. Maintain proper documentation and records related to loan transactions.
Identify potential risks within the loan portfolio and develop strategies to mitigate them. Stay updated on market trends, conditions and regulatory changes that may impact loan operations.
Collaborate with other departments, such as credit, legal, and collections to ensure smooth loan operations and resolution of issues. Provide support and guidance to loan sales agents.

Experience and Qualifications

Grade 12 certificate
Diploma in Finance, Business Administration
2 years proven work experience preferably in a financial institution.
Knowledge in financial software and loan systems
Excellent knowledge in Microsoft Office packages.
Excellent knowledge in lending principles
Ability to build rapport with clients and stakeholders
Sober minded
Good management skills
Attention to detail
Great sense of urgency
Ability to work under pressure and ability to embrace change.
High level of integrity and confidentiality.