Assistant Credit Officer (1 Position)
VISION COOPERATIVE SAVINGS & CREDIT SOCIETY LTD
Accounting, Auditing & Finance
Job Summary
The incumbent is responsible for ensuring credit administration, specifically appraising loans by evaluating the member’s credit worthiness and risk, loans recovery and debt collection.
- Minimum Qualification : Bachelors
- Experience Level : Mid level
- Experience Length : 2 years
Job Description/Requirements
- Vision Regulated NWDT Sacco Society Ltd seeks to recruit an Assistant Credit Officer responsible for loans appraisal, recovery and debt collection. We are looking for a go-getter, positive-minded, ambitious and self-driven individual who fits the role profile captured below:
- Reporting to: Credit Officer
- Tenure: 2 years renewable contract
Key Responsibilities:
- Evaluate the credit worthiness and risks of a loan applicant
- Review and appraise the loan requests
- Ensure members receive notifications on their loan application progress
- Handling customer complaints on loans and taking appropriate actions to resolve them
- Ensure timely and accurate reporting
- Ensure defaulters are followed up through calls, messages and letters.
- Monitor the collection and reports from the debt collectors on board.
- Proper filing of all loan applications disbursed.
- Conduct proper follow-ups on all arrears and update records.
- Ensure Sacco debts are recovered on time and efficiently.
- Coordinate daily execution of debt follow up by phone, visits and recovery.
- Responsible for negotiating repayment plans with delinquent members.
- Monitoring and rehabilitating bad debts.
- Sending of Demand Notice Letters.
- Preparing instructions to auctioneers and debt collectors.
- Sending of loan monitoring reports to the Credit Manager to aid in proper loan monitoring.
- Doing call visits to members to follow up on late payments and writing call reports to document the same.
- Ensuring that recovery costs are debited to the respective member accounts.
- Keeping all records pertaining to recovery and also filing copies in member files.
- Recommending loans for write off.
- Keeping proper records pertaining to securities recovery and sale.
- Presenting recovered securities sale bids to the Procurement Committee with recommendations on disposal.
- Tracking missing/hiding defaulters and ensuring payments are done.
- Preparing timely recovery & collection reports.
Qualifications & Experience:
- Holds a Bachelor’s degree in Cooperative Management, or a business-related field e.g. Accounts, Finance, etc.
- Professional Credit or Debt recovery qualifications (Certified Credit Professional) or CPA 1, will be an added advantage.
- Must be proficient in MS Office Suite Packages. Experience in use of Navision Information Management System will be an added advantage.
- At least two (2) years practical experience with proven result-oriented track record in credit administration/recoveries in a financial institution.
Key Competencies and Attributes:
- A go-getter, good negotiator, enthusiastic, and results oriented.
- A forward planner with clear focus, mature, reliable, hardworking and able to work without supervision.
- Sound knowledge of the debt recovery procedures and strategies
- Honest and with high integrity.
- Effective organizational skills and ability to handle work in an efficient and timely manner.
- Good analytical ability.
- Good communication and interpersonal skills.
- Report writing skills.
- Problem analysis and solving skills
- Attention to details.
How To Apply
- Candidates who meet the minimum requirements to send their detailed CV including 3 referees and a cover letter online to careers@visionsacco.com by 18th October 2024.
- Only shortlisted candidates will be contacted.
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