Other Specification:

• +2 or Bachelor's degree in Finance, Economics, Business Administration, or a related field.
• At least 1 year of experience in a similar role within a cooperative, bank, or financial institution.
• In-depth understanding of loan processes, financial analysis, and risk management.
• Understanding of marketing principles and strategies.
• Knowledge of local financial regulations and cooperative laws.
• Strong analytical and decision-making skills.
• Proficiency in financial software and MS Office applications.
• Excellent communication and interpersonal skills.

Job Description:

• Assist members with the loan application process, providing guidance and ensuring all required documents are completed accurately.
• Review and evaluate loan applications, including income verification, credit checks, and financial history.
• Conduct thorough risk assessments and analyze the financial capability of applicants to repay loans.
• Prepare loan proposals and present them to the loan committee for approval.
• Monitor and manage loan accounts, ensuring timely repayments and taking action on overdue accounts.
• Maintain accurate records of all loan applications, approvals, and rejections.
• Provide financial advice and education to members on loan products, interest rates, and repayment plans.
• Stay updated on cooperative policies, financial regulations, and market trends related to lending.
• Prepare regular reports on loan activities, trends, and risk assessments for management.
• Build and maintain strong relationships with members to foster trust and encourage participation in the cooperative's financial products.

Source: Merojob 

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