CREDIT OFFICER
Eleazar Financial Services
Full-time.
Kitwe.

Reporting to: Chief Financial Officer.

Credit Officer Responsibilities include:

I. Reviewing loan requests
II. Assessing client’s financial status
III. Evaluating creditworthiness and risks

JOB BRIEF

• The Credit Officer’s job is to facilitate lending to clients by assessing the creditworthiness and processing relevant paper work.
• Credit Officer’s responsibilities include preparation of loan applications, evaluating client’s financial information and calculating risk ratios.
• To be successful in this role, one should have a good understanding of lending and customer service. Ultimately, one should help clients acquire loans in a timely manner, while ensuring the institution complies with the Banking and Financial Services Act of Zambia and other internationally accepted lending/financial standards and procedures.

RESPONSIBILITIES

• Review loan requests(applications);
• Asses client’s financial status;
• Evaluate creditworthiness and risks;
• Contact clients to gather financial data and documentation;
• Analyse risks and approve or reject loan request(applications);
• Calculate financial ratios (e.g., credit scores and interest rates);
• Maintain and update account records indicating the types of loans such as Personal loans, SMEs, Group loans, Order Financing, Invoice Discounting etc;
• Follow up with clients about loan repayments and renewals as well as revisions of tenure of loan repayments;
• Monitor the performance and progress of existing loans;
• Advise management on any loans that may require restructuring based on any new developments that were not in existence at the time of loan approval;
• Prepare the BoZ monthly employments statistics
• Provide data and information in the preparation in the Bank of Zambia Prudential and other compliance reports;
• Preparation and submission of NAPSA, NHIMA and ZRA returns; and,
• Any other duties that may be assigned by your supervisor.

REQUIREMENTS & SKILLS – CREDIT OFFICER

• Proven working experience as Credit Officer, Loan Officer or similar role
• Hands on experience with lending procedures and products
• Ability to create and process financial spreadsheets
• Strong analytical skills
• Excellent communication and interpersonal skills
• Customer service experience
• Ability to work in a goal-oriented environment with minimum supervision
• Must be a self-starter and of sober character
• Degree in Accountancy, Banking & Finance, Economics or related field
• An MBA or Professional qualification in ZiCA, ACCA, CIMA, and CIB will be an added advantage.
• 2 Years work experience.