Credit / Loans Officer Job in Kenya

Credit / Loans Officer Job in Kenya

Job Advertisement: Credit / Loans Officer

Background: The Gem Sub-County co-operative Union was registered in November 2014. It is located in Yala, Gem Sub-county in Siaya County. It draws membership from 8 primary co-operatives involved in various enterprises including cereals, dairy, poultry, fish, beekeeping and horticulture.
The Gem Sub-County Co-operative Union through support from its partner has established a revolving fund that it intends to efficiently, effectively and sustainably manage and build on behalf of its members, thus the need to recruit a competent credit/loans officer to oversee, manage and build the revolving funds on behalf of the revolving funds management committee and the overall Co-operative Union management committee.

Reporting: The Credit / Loan Officer will report to the Gem Sub-County Cooperative Union Management Committee through the union General Manager and will working closely with Secretary Managers of all the primary Cooperatives and managers of the village Banks

Specific Responsibilities

• Develop comprehensive yet specific loan/revolving fund policies in consultation with various stakeholders for the operation of the various credit schemes under Gem Sub County Cooperative Union.
• Meet with potential loan applicants to obtain information for loan applications and to Counsel Applicants on loan repayments policies and restrictions.
• Explain to customers the different types of loans and credit options that are available, as well as the terms of those services.
• Asses and analyze applicants’ financial status, credit, and property status to determine feasibility of granting loans.
• Obtain and compile copies of loan applicants’ credit histories, corporate financial statements, and other financial information.
• Recommend loans in consultation with relevant committees and organs for onward approval by the various management levels.
• Review loan agreements to ensure they are complete and accurate according to policy and update credit and loan files.
• Compute payment schedules and communicate to concern parties appropriately.
• Stay abreast of new types of loans and other financial services and products in order to better meet clients/customers’ needs.
• Handle customer complaints and take appropriate action to resolve them.
• Work with clients to identify their financial goals and to find ways of reaching those goals.
• Negotiate payment arrangements with customers who have delinquent loans and ensure higher (95%) percentage of loan repayment.
• Analyze potential loan markets and develop referral networks in order to locate prospects for loans.
• Prepare regular reports to the management of the cooperatives in consultation with the relevant secretary managers and direct to the management Committee of the Cooperative Union through the General Manager.
• To perform any other duty as may be assigned by the supervisor.

Qualification and Experience

• Minimum Diploma in Business Administration, Economics, Agribusiness, cooperative Management and any other related courses from recognized institution.
• At least 3 years working experience as a credit officer with a community based development organization, microfinance institution or bank.
• Experience in participatory assessment, monitoring and evaluation, training and facilitation, data processing or analysis and computers.
• Ability to mobilize and organize community and groups
• Good contextual knowledge of local issues, community priorities, organizational relationships, social and cultural constraints and realities, and environmental conditions.

Terms and Conditions of Employment: The terms of employment are on contract and renewal will be based on availability of funds and performance. There will be a probationary period of three months
How to Apply

Interested persons should send their applications and attach their Curriculum Vitae containing details of qualifications, experience, present position, current and expected salary and names and contacts of three referees one of whom should be previous supervisor on or before Friday, 19th June, 2015 indicating the job title on the email subject (Credit Officer-Gem Sub-County Co-operative Union).
All applications should be done either through the email address oassa2000@yahoo.com or addressed to:

The Chairman,
Gem Sub-County Co-operative Union,
P.O. Box 259-40610,
Yala, Siaya County.

Gem Sub-County Co-operative Union is an equal opportunity employer.
Women are encouraged to apply.

Note that only shortlisted candidates will be contacted.