Loans Officer

Summary

As a member of the team, you will be assisting the Senior Loans Officer in the effective initiation, generation, management, and maintenance of the loan portfolio. Additionally, you will also assist in the planning and coordination of the marketing activities of the Credit Union with a view to meeting its annual growth target.

Responsibilities

• • Conduct loan interviews and process loan applications, ensuring that the applicable loan policy is fully understood by all members.
• • Liaise with the General Manager and Credit Committee to obtain approval of loans.
• • Assist members in obtaining loan balances, share balances, and general information on products.
• • Ensure that all information for the deduction of shares and loans for weekly, fortnightly, and monthly payrolls are sent to the respective payroll departments in time to meet the specified deadlines.
• • Prepare the monthly and fortnightly exception reports.
• • Assist in the coordination of the Credit Union’s seminars.
• • Assist in the preparation of the delinquency report monthly and follow up for regularization of loans via telephone calls, letters, etc.
• • Prepare Credit Reports for members on their written requests.
• • Prepare all correspondence regarding security for loans and release letters regarding the discharge of securities.
• • Monitor and ensure that the Credit Union’s interest is noted on all securities (Inland Revenue, National Security Interest in Personal Property (NSIPP), and Insurance Companies).
• • Ensure that all motor vehicles used as security are insured and that a log is maintained.

Required Skills

• • Excellent oral and written communication skills and possess the ability to work effectively with others.
• • High level of confidentiality, ethics, integrity, creativity, intellectual curiosity, persistence, and achievement orientation.
• • Ability to work independently.
• • Ability to foster good relationships with members, co-workers, and company/department heads.
• • Proficiency with Microsoft Office Suite [EXCEL, Word, etc.]

Qualifications

• • Bachelor’s degree in management studies, accounting, or finance.
• • 1-3 years’ experience in a bank or credit union environment would be an asset.

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