drjobs Loan Officer

Loan Officer

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1 Vacancy
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Jobs by Experience drjobs

1-3years

Job Location drjobs

Lagos - Nigeria

Monthly Salary drjobs

Not Disclosed

drjobs

Salary Not Disclosed

Vacancy

1 Vacancy

Job Description

Responsibilities:

  • Evaluate loan applications from individuals and businesses to determine eligibility.
  • Conduct thorough financial assessments including analysing income statements balance sheets cash flow statements and credit reports.
  • Prepare detailed loan proposals and present them to senior management or loan committees for approval.
  • Ensure timely processing of loan applications while maintaining accuracy and compliance with internal policies.
  • Assess credit risk associated with each loan application and recommend appropriate risk mitigation strategies.
  • Monitor existing loan portfolios to identify potential defaults or delinquencies.
  • Develop and implement strategies to minimise non-performing loans (NPLs).
  • Collaborate with legal teams to recover outstanding debts when necessary.
  • Build and maintain strong relationships with existing and prospective clients.
  • Provide expert advice on loan products and tailor solutions to meet clients financial needs.
  • Address client inquiries and resolve issues related to loan applications disbursements and repayments.
  • Act as the primary point of contact for high-value clients and ensure exceptional service delivery.
  • Stay up-to-date with Central Bank of Nigeria (CBN) regulations anti-money laundering (AML) laws and other relevant financial legislation.
  • Ensure all lending activities comply with internal policies and external regulatory requirements.
  • Conduct periodic audits of loan files to ensure documentation is complete and accurate.
  • Identify and pursue new business opportunities to expand the organisation s loan portfolio.
  • Network with industry stakeholders including SMEs and corporate entities to generate leads.
  • Work closely with marketing teams to promote loan products and
  • Foster a collaborative work environment that encourages innovation and excellence.
  • Prepare monthly quarterly and annual reports on loan performance metrics.
  • Analyse market trends and competitor offerings to inform strategic decisions.
  • Recommend improvements to loan processes and procedures to enhance efficiency.


Requirements:

  • Strong understanding of credit analysis financial modelling and risk assessment techniques.
  • Excellent communication and interpersonal skills with the ability to build rapport with clients and colleagues.
  • Proficient in Microsoft Office Suite (Excel Word PowerPoint) and loan management software.
  • Ability to work independently and manage multiple tasks in a fast-paced environment.
  • High level of integrity and ethical standards.
  • Deep understanding of the Nigerian financial landscape including CBN guidelines and local economic conditions.
  • Familiarity with the Lagos business ecosystem and its unique challenges and opportunities especially market/traders loans.
  • Minimum of 1.5- 2 years of experience in banking finance or lending or at least 2 years in a similar role.


Employment Type

Full Time

Company Industry

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