Loans Officer (X4)

Job Ref-314

Job Purpose

The Loans Officer will assist with vetting, compiling and processing of loan disbursements. Process loan payments and updating the loanee’s records. The Loans Officer will provide loan inputs to finance for posting to the General Ledger and ensuring that Mortgages are created to safeguard funds disbursed.

Summary of Key Responsibilities

• Vetting and appraising loan application forms to determine eligibility of applicant in accordance with set out guidelines and rules make recommendations and ensure that all supporting documents are attached in line with home-ownership rules.
• Ensure a due diligence is carried out in with the internal and external Legal Consultants for all house loan applications to determine any encumbrances on the property.
• Process the loan payments and ensure all documents are attached to support the payment.
• Prepare a loans amortization schedule and monitor correctness of posted repayments and interest to the General Ledger.
• Prepare loans inputs to payroll to facilitate deductions.
• Maintain and update reconciled mortgage debtors schedule for loans.
• Prepare monthly report for house recoveries and loans balances.
• Draft mortgage deeds and register the interest of the Authority with Ministry of Lands or relevant Councils.

Required Skills and Competencies

Technical

• Investment strategy, implementation and monitoring
• Treasury Operations
• Risk Management
• Funding Transactions
• Financial Products and Markets
• Cash management
• Financial Analysis
• Debt Management and Collection
• Contract Management
• Asset Liability Management

Functional

• Pension management law and regulations (NPS Act)
• Stakeholder management
• Risk management
• Budgeting and planning
• Report writing

Behavioural

• Leadership
• Customer service
• Relationship management
• Integrity
• Excellence
• Decision making
• Corporate Citizenship

Qualifications and Experience

• Full Grade Twelve (12) Certificate (with credit and above in Mathematics and English)
• Full or Finalist of ZICA /ACCA/CIMA OR
• Bachelor of Laws (LLB) Degree or equivalent
• Must have 3 – 4 years’ experience Loan Processing in a Commercial Bank or well establishing Financial Lending Institution
• Must have 2-3 proven experience in Debt Management / Recoveries
• Must be a member of a relevant professional body

To apply send your CV and Cover Letter to the emails below or visit the link below.