Credit Officer

SAJIDA Microfinance limited

Kampala, Central Region
Permanent
Full-time

20 days ago

Job summaryA Credit Officer (CO) is primarily responsible for managing a portfolio of SAJIDA Enterprise Loan (SEL) which involves marketing/surveying, loan generation, loan disbursement, weekly/biweekly/monthly instalment collection, digitization, delinquency management & administrative work. The position requires regular field visits to monitor individual clients, maintain accurate records and ensure adherence to organizational policies and rules.Job descriptions & requirementsBase office: Branch of SAJIDA MicrofinanceReports To: Branch ManagerEmployment Type: Full-timeJob summary.A Credit Officer (CO) is primarily responsible for managing a portfolio of SAJIDA Enterprise Loan (SEL) which involves marketing/surveying, loan generation, loan disbursement, weekly/biweekly/monthly instalment collection, digitization, delinquency management & administrative work. The position requires regular field visits to monitor individual clients, maintain accurate records and ensure adherence to organizational policies and rules.Key responsibilities1. Client management:

Surveying/marketing organization's product line in potential business area to find potential clients on a daily basis.

Organizing potential clients, giving them orientation training regarding organization's product line, fee structure & necessary requirement of the loan.

Verifying each client to confirm their credit worthiness, filling admission form to admit them to the institution & verifying required documents.

Overseeing 15-20 clients daily & minimum 100 active clients per week.

Visiting scheduled clients daily, updating passbooks, following up with overdue & ensuring guarantor responsibility to manage overdue.

Providing financial literacy training to the individual members to train them on loan utilization, loan sharing, loan increment, new product line & holidays.

2. Loan and financial management:

Achieving the organization's set targets regarding Key Performance Indicators (KPIs) such as the number of clients, portfolio outstanding & Portfolio at Risk (PAR).
Originating loans, filling up loan application forms, verifying the clients & guarantors, getting recommendation from the Branch Manager & Approval from Area Manager/Coordinator.
Submitting approved loan application forms to Branch accountant at least a day before the disbursement, ensuring exact clients get the loan & orient the client on loan amount, weekly installment amount, fees & charges, security amounts & update the passbook.
Realizing weekly/Biweekly/Monthly loan instalments & advances from individual members, recording them on the respective client's passbook. Protecting the realized amount in a secured manner while transporting to other member & back to office.
Updating the exact loan installment realization via mobile app at the client's place & syncing the installment into the system when back to the office.
Depositing loan installment realization & advance realization to the accountant in time, writing cashbook & signing on the depositor's space for amount deposited.
Processing security return & security adjustment in presence of the client, signing on the security return register for each security adjustment & security return.
Maintain accurate loan-related forms and registers on a daily basis, avoiding corrections with white ink.
Liaise with Field Officer & Branch Manager to graduate SML client to SEL loan product.
Encourage clients to adopt to monthly collection method & pay installment digitally via SAJIDA Microfinance's Mobile Money account.

3. Administrative duties

Mastering the organization's mission, vision & values to practice them on day to-day activities. Ensuring Health, Happiness & Dignity for all.
Complying with all manuals, policies & circulars outlined by the organization.
Attend the office in time, signing the branch office's attendance and movement register regularly.
Preparing and submitting daily/weekly/monthly plans for loan disbursement to the Branch Manager.
Preserving all official documents in accordance with the data privacy policy of the organization.
Attending meetings & trainings organized by the institution.
Preparing, Analyzing & submitting daily/weekly/monthly performance related reports the supervisor.
Joining & leading teamwork on a regular basis to help & uplift branch performance. Maintaining respectful relationship with both peers & clients at level.
Always refrain from fraudulent activities, financial & non-financial irregularities. Attend administrative proceedings outlined by the organization once proven with fraud & misappropriation.
Performing any other responsibility assigned by the management.

Compensation● Salary: UGX 600,000 - 700,000Note:Please note that successful candidates must be willing and able to relocate from Kampala (or their current location) to any part of the country where the company has branches.

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