Credit / Loan Officer

Calabar Microfinance Bank is an integrated financial service institution with a hard earned reputation for excellent financial business practices and a goal of fostering wealth creation by supporting and promoting business and entrepreneurial development among the economically/entrepreneurially “Active poor” and under-banked population. With its Corporate Headquarters at No. 72 Egerton Street, Calabar.

We are recruiting to fill the position below:

Job Title: Credit / Loan Officer

Location: Cross River

Job Description

• Meet with applicants to obtain information for loan applications and to answer questions about the process.
• Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans.
• Explain to customers the different types of loans and credit options that are available, as well as the terms of those services.
• Obtain and compile copies of loan applicants' credit histories, corporate financial statements, and other financial information.
• Review and update credit and loan files.
• Review loan agreements to ensure that they are complete and accurate according to policy.
• Compute payment schedules.
• Stay abreast of new types of loans and other financial services and products in order to better meet customers' needs.
• Submit applications to credit analysts for verification and recommendation.
• Handle customer complaints and take appropriate action to resolve them.
• Negotiate payment arrangements with customers who have delinquent loans.
• Market bank products to individuals and firms, promoting bank services that may meet customers' needs.
• Set credit policies, credit lines, procedures and standards in conjunction with senior managers.
• Analyze potential loan markets and develop referral networks in order to locate prospects for loans.