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Business and Finance

Job Recruitment in a Microfinance Bank

Jemi Neil Consulting – Our client, a Microfinance Bank seeks to engage the services of a suitably qualified candidate for the position below:

 

Job Title: Loan Officer

Location: Victoria Island, Lagos

Job Responsibilities

  • Analyze active loan files on a regular basis and recommend solutions to speed up the loan process.
  • Interview applicants to define financial eligibility and establish debt payment plans and Monitor and update account records.
  • Prepare detailed loan proposals.
  • Respond to applicants questions and resolve any loan-related issues.
  • Operate in compliance with Company policies, as well as State laws and regulations.
  • Prepare reports to send to customers whose accounts are delinquent, and forward irreconcilable accounts for collector action.
  • Market bank products to individuals and firms, promoting bank services that may meet customers’ needs.
  • Submit applications to credit analysts for verification and recommendation.
  • Approve loans within specified limits and refer loan applications outside those limits to management for approval.

Job Requirements

  • Bachelor’s degree in Finance, Economics, Marketing or similar field.
  • A minimum of 2 years’ experience as a loan officer in a microfinance bank.
  • Solid understanding of local, state, and federal loan regulations on Loan Management.
  • In-depth knowledge of Microsoft Officer and banking software.
  • Outstanding interpersonal and communication skills.
  • Customer service oriented with exceptional sales skills.

 

Job Title: Monitoring and Compliance Officer

Location: Victoria Island, Lagos

Job Description

  • Our client, a micro finance bank seeks to employ a Monitoring and Compliance Officer. He/She is to provide technical support for data collection, quality assurance, analysis and learning processes including setup of M&E systems in the company’s field.

Job Responsibilities

  • Ensure that all recovery / collections staff update their Loan repayment sheets as well as other sheets assigned to them within the given timeframe and all step-to-step procedures for loan recovery/collections are being followed within the available timeframe.
  • Ensure that the monitory sheet is being updated on a daily basis with details of non-compliance to duties from all departments.
  • Assist the Head of department in development of compliance programs, reviewing company policies, and advising management on possible risks.
  • Advise management through the head of department on the company’s compliance with laws and regulations through detailed reports.
  • Assess company operations to determine compliance lapses and risk.
  • Report matters likely to be, illegal or amount to maladministration and noncompliance to the head of department.

Requirements

  • Must have an Accounting background.
  • 2-3 years proven experience in a compliance officer role.
  • Good knowledge of legal requirements and procedures
  • Brilliant oral and written communication skills
  • Highly analytical with strong attention to detail.
  • A good experience in Internal Auditing will be an added advantage.

 

Job Title: Credit Risk Officer

Location: Victoria Island, Lagos

Job Descriptions

  • We seek to engage the services of a Credit Officer to facilitate lending for their company by assessing creditworthiness. The Credit Officer will be responsible for preparing loan applications, evaluating clients’ financial information and calculating risk ratios.
  • To be successful in this role, you should have a good understanding of lending procedures and customer service experience.

Job Responsibilities
The credit risk officer will assist the Risk Department to:

  • Perform risk assessments and review the credit application submitted by front line officers; exercise credit judgment; and make sound credit recommendations and / or decisions;
  • Perform pro-active on-going credit monitoring and risk management on the client as well as portfolio level;
  • Ensure all internal credit policies and procedures are adhered to and help to develop or enhance such policies and procedures;
  • Ensure on-going compliance with regulatory requirements;
  • Analyze risks and approve or reject loan requests, review clients’ financial status, evaluate creditworthiness and risks, calculate financial ratios (e.g. Debt to Income Ratio and interest rates)
  • Set up payment plans
  • Help to prepare various credit reports to be presented to Senior Management;
  • Ensure all transactions have full and proper documentation.

Job Requirements

  • University degree holder or above in Management, Business Administration, Finance, Economics, Accountancy or related discipline;
  • At least 2 years’ experience in corporate lending or credit risk management;
  • Good understanding of the risk issues across a wide variety of corporations, industries and regions;
  • Good analytical, communications and interpersonal skill;
  • Good report writing skills
  • Proficiency in use of MS Word, Excel and PowerPoint.

 

Job Title: Finance Officer

Location: Victoria Island, Lagos

Job Responsibilities

  • Assist in monitoring the day-to-day financial operations within the company (payroll, invoicing, and other transactions)
  • Assist in preparing monthly and quarterly management reporting.
  • Assist in supervising the Update of client loan repayment and Disbursement History.
  • Manage the company’s financial accounting, monitoring and reporting systems
  • Assist in ensuring compliance with accounting policies and regulatory requirements.
  • Conduct Periodic Financial Risk Management with the Finance manager.
  • Develop secure procedures to maintain confidential Financial information.
  • Ensure all accounting activities and audits comply with financial Regulations.

Job Requirements

  • Bachelor’s degree in Finance or Accounting plus 2 years of experience in accounting and/or financial analysis
  • Data Processing skills.
  • Excellent business judgment, analytical, and decision-making skills.
  • Knowledge of financial reporting and data Management Tools like BANK ONE
  • Strong demonstrated use of Excel, Word, and PowerPoint.

 

Job Title: Operations Officer

Location: Victoria Island, Lagos

Job Descriptions

  • We seek to engage the services of an organized and driven operations officer that will effectively develop and enact company policies and increase efficiency of operations for our organization.
  • Candidate must be a strong leader with excellent interpersonal skills and an outstanding business intellect.

Job Responsibilities

  • Oversee and direct daily company administrative processes and procedures.
  • Report to and assist Chief Operating Officer in daily tasks and duties.
  • Ensure company policies align with and advance business objectives.
  • Strategically map-out, plan, and manage projects.
  • Analyze and maintain operational data.
  • Develop improved business functionality that increases profits.
  • Communicate with management teams to confirm execution of company processes​​
  • Design and continuously improve existing and new business processes.
  • Ensure compliance at all times with Regulatory.

Qualifications and Experience
Essential requirements:

  • At least 2 years experience in consumer or commercial lending either as a business / systems / process analyst or credit / risk / collections manager.
  • Competent Project Management skills.
  • Understanding of the full credit lifecycle including acquisition, fraud, account management, collections and recoveries.
  • Familiar with operating Loan Banking Applications such as Bank One or other enterprise software.
  • Numerically savvy, able to work with data, perform analysis and communicate result.
  • Experienced in performance management.
  • Proficient on Microsoft Office Suite.
  • Decision making skills.
  • Strong analytical skills and problem solving abilities.

Deadline: 28th May, 2020.

How to Apply
Interested and qualified candidates should forward their CV and Cover Letter (Highlighting similar work experience) to: recruitment@jemineil.com with the email subject as “Monitoring and Compliance Officer”.

Note: Candidate must reside on the Island.

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