Loan Officer
Loan Officer
Posted on :
12-06-2025
Employer Active
1 Vacancy
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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
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