Loan Officer job at Good Neighbors
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14 Days Ago
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Vacancy title:
Loan Officer

[ Type: FULL TIME , Industry: Nonprofit, and NGO , Category: Admin & Office ]

Jobs at:

Good Neighbors

Deadline of this Job:
Monday, February 19 2024 

Duty Station:
Within Tanzania , Dar es Salaam, East Africa

Date Posted: Monday, February 12 2024, Base Salary: Not Disclosed

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Learn more about Good Neighbors
Good Neighbors jobs in Tanzania

Good Neighbors is an international humanitarian development NGO founded in Korea in 1991. It was granted General Consultative Status from the United Nations Economic and Social Council (UN ECOSOC). The aim is to make the world a place without hunger, where people live together in harmony. In Tanzania it was officially established in 2005 and our efforts work towards creating environment where children’s rights are protected and sustainable development of communities through empowerment, leadership and ownership.

Good Neighbors Tanzania (GNTZ) has registered a sister Company – Microfinance Institution which aims to transform existing revolving funds operated in GN Partnership Countries into official Micro Financing Institutions, to ensures affordable financial services for the underserved and seeks to promote inclusive social economy.
Good Neighbors Tanzania is looking for a motivated, experienced Loan Officer to join our newly established microfinance Institution on the following roles;

Position: Loan Officer
Reports to: Chief Executive Officer
Location: Head Office, Dar es Salaam
Contract Duration: 1 Year (Contract extension is subject to funding availability, performance and/or mutual agreement).

Under the overall authority of the Country Director (CD) of Good Neighbors Tanzania (GNTZ), The loan officer is expected to survey, evaluate and organise groups and individual members for loan applications. She/he will act as liaison between financial institutions, individuals, and businesses applying for loans as well as process loan applications, solicit loans, and act as intermediary for creditors and borrowers. The job holder will work closely with the Chief Executive Officer.

Duties and Responsibilities
• To build and maintain a substantial and high-quality loan portfolio.
• To conduct members recruitment and screening.
• To orient clients to the loan products and services.
• To make groups on all working days in a week, minimum Total clients will be 50.
• Marketing skills should be capable of going outdoors, doing marketing and bringing in customers into the office.
• Make regular contact with the groups and clients in the field.
• To process loan applications, verify client’s income generating activities (IGA) and other related.
• Collect instalments from the clients in groups on a regular basis and on time.
• To manage loan disbursements and monitor & collect loan repayments.
• Verify client’s Guarantor’s house and other necessary documents.
• Prepare weekly and monthly report.
• Facilitate submission of loan applications to Chief Executive Officer for verification, recommendation and approval.
• To provide quality and good customer service to clients.
• Providing financial education to group members and sharing information about the benefits of microfinance to all sectors of the community.
• Oversee at least two group meetings per day and reconcile passbooks.
• To accomplish all the documentation for the day as required.
• Prepare weekly cash requisitions for loan disbursement and other expenditure.
• Loan recovery and follow up is a process that the loan officer must adhere to at times it requires the engagement of an agent or court broker. Make a Non-disclosure Agreement at work.

Support Administration tasks
• Organize filing system and record keeping for important and confidential company documents.
• Drafts administration forms and other related documents.
• Support administrative tasks regarding meetings related to the activities.
• Maintain company calendar, schedule meeting and events. Design and develop promotional materials.

Qualification, experiences and competencies
• Diploma/bachelor’s degree in business administration, Accounting, Banking, Commerce, Marketing or other related studies.
• At least 6 years of experience in the microfinance industry, having a strong knowledge of group loans and Individual Loans.
• Exceptional time, task, and resource management skills.
• Strong problem solving, critical thinking, coaching, verbal and written communication skills.
• Interpersonal – Relates and works very well with people from different cultures with diverse groups of people in multicultural, team-oriented environments and backgrounds.

Other Competencies/Attributes:
• Excellent Organisational skills with ability to manage multiple projects simultaneously
• Ability to assess and organise beneficiaries to form groups
• Ability to monitor the beneficiaries and provide weekly updates and weekly reports
• Ability to work independently under management supervision
• Strong written and verbal communication skill

Work Hours: 8

Experience in Months: 72

Level of Education:
Associate Degree

Job application procedure
Interested and qualified? Click here to apply

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Job Info
Job Category: Accounting/ Finance jobs in Tanzania
Job Type: Full-time
Deadline of this Job: Monday, February 19 2024
Duty Station: Dar es Salaam
Posted: 12-02-2024
No of Jobs: 1
Start Publishing: 12-02-2024
Stop Publishing (Put date of 2030): 12-02-2077
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