Reporting to:
Chief Executive Officer
Job Summary
The Credit Officer is required to prepare loan applications, evaluate clients’ financial information and calculate risks ratios. You must have a good understanding of lending procedures and customer service experience. Ultimately Client’s loans should be processed in a timely manner.
Responsibilities
- Review mortgage loan requests
- Assess clients’ financial status
- Evaluate credit worthiness and risks
- Contact clients to gather financial data and documentation
- Analyse risks and recommend loan approval or rejection
- Calculate financial ratios (e.g. credit scores and interest rates)
- Set up payment plans
- Maintain updated records of loan applications
- Follow-up with Clients about loan renewals
- Assist in the growth of the loans portfolio by actively engaging in the marketing of the company’s products and services
- Monitor progress of existing loans
Requirements
- Previous work experience as a Credit Officer or s similar role
- Hands-on experience with lending procedures and products
- Ability to create and process financial spreadsheets
- Strong analytical skills
- Customer Service experience
Education and Experience
- First Degree in Management, Economics, Finance or a related field; or
- A minimum of five (5) O’Levels (Mathematics and English compulsory) and over ten (10) years experience in credit management