Loan Officer

JOB VACANCY ANNOUNCEMENT

The Management of RATWA SACCO HUYE informs all qualified and competent candidates that is recruiting for the following position :
Responsibilities & tasksUnder the supervision and guidance of the Branch Business Manager:

• To work diligently on the assigned work on time and to produce results;
• To comply with the instructions of the employer or his/her representative;
• To take good care of and manage the equipment assigned to him/her in his/her work;
• To be at work and respect working days and hours;

• To maintain the confidentiality of work;

• To provide basic identification documents before starting work;

• To follow the principles and codes of conduct governing the business activities of the Cooperative;

• Meets with applicants to explain the loan products and application process, to obtain information for loan applications and to answer questions about the process;

• Compiles application documents, check for completeness and quality and submit applications to the respective authorized staff or committee;

• Negotiates payment arrangements with customers who have delinquent loans;

• Monitors the use of disbursed loans (member visit and documentation) and monitoring of loans for irregularities;

• Files all documents related to loans;

• Prepares documents related to loan rescheduling and loan refinancing for the decision-making authorities;

• To receive and analyze loan application files if they are complete, and to visit the collateral of loan applicants and the projects to be financed for determination of feasibility of granting a loan;

• Safeguarding the collateral used to obtain loans and preparing all necessary documents for the registration of collateral;

• Monitoring the repayment of loans and participating in the recovery of non-performing loans (NPLs) while respecting the default criteria;

• Assessing the borrower's ability to repay and providing technical advice to the Board of Directors' Credit Committee for decision-making;

• Providing technical advice to members wishing to apply for loans and conducting awareness-raising activities on credit;

• Preparing provisions for loans in arrears and provisions for loans that have been written off;

• Preparing loan agreements and implementing the recommendations of the Board of Directors' Credit Committee;

• Submitting monthly and other reports as necessary to the higher authority showing the status of loans and their interest;

• Providing sound advice to the Board of Directors’ Committee on Loans in a timely manner to ensure that the members’ requests are met;

• Providing advice on the performance of projects for which loans have been requested to members on the appropriate use of loans;

• Providing and evaluating loans in accordance with the loan policy and guidelines and the laws and regulations relating to loans;