Knowledgepool Consulting Limited wishes to announce vacancy for the following position in a new Microfinance Bank.
LOCATIONS: ONDO, OGUN, OYO, KWARA
DEADLINE: 11TH OF NOV. 2016
POSITION: Micro Loan Officer
Responsibilities:
Remain responsible for overall activities of minimum of 15 and maximum of 20 groups where each group consists of 5-30 members and the total number of members is 300-400
Complete group formation in a new area within a maximum of 4-6 months after joining the bank
Take initiative to collect weekly savings from the organized groups only after inclusion of the groups in the branch, that is after approval of the groups
Oversee three to four groups per day, five days of the week except weekend and collect weekly savings and installments as per determined rates/rules
Play an effective role in making groups effective
Prepare disbursement plan in advance for disbursing credit to the organized groups and submit to the Branch Manager
Disburse loans following the set rules, such as member’s age, savings, scheme etc. Remain responsible in case of any irregularities .Try to make proper utilization of credit
Take the initiative immediately for collection of the installment whenever a member expresses his/her ability to repay the credit installment due to any special reason ;may be, through staying at the borrower’s house until recovery or arbitration, inform the Branch Manager instantly about the default, otherwise the Loan Officer will bear all the responsibilities
Maintain savings and credit account related forms/registers correctly on a daily basis. Avoid alterations/corrections or use of white ink on the account related documents.
Discharge special responsibilities assigned by the Branch Manager for the interest of the organization
Sign regularly the attendance book cum movement register kept in the branch office
Deposits the money collected from the groups savings, credit installment and insurance into their account with the bank and submit tell to the branch manager without any delay. keeping cash in hand and suppress cash is a punishable offence
Refrain from defamation, instigation, scandalous activities against the organization otherwise punishment will be imposed if proved
Fill up the loan application form, daily realizable and realized information sheet
To perform any other duty assigned by management from time to time
Qualification required:
Minimum of OND holders with 1-2 Experience in Microfinancing
Must have at least 2 years’ experience in related functions.
Problem solving and good negotiation skills is required
Must possess high multitasking skills
BRANCH MANAGERS (RETAIL LOANS)
Job Description
Staff Management
Verify and Sign the attendance and movement register
Distribute working areas among the Staff and fix the target
Observe the daily activities of the Staff and their behaviors
Identify the qualities of the staff and utilize their skills accordingly .Play a role in taking appropriate measures to identify their weak sides
Group Management &Visits
Collect the lists of the group members from the Loan Officers
Visit the Group members for assessment of Group information
Provide permission for registration
Give passbooks, code number of the groups
Accept loan proposal ,savings and insurance
Reject deficient group members and fill up the deficiency
Monitor by paying a visit to at least two groups per day. Find out whether there are irregularities in savings withdrawal, savings received by the members, schemes implemented with disbursed loans, one member’s loan given to another, accounts of savings found correct through cross-checking with passbooks, borrowers included in the target according to the rules of the organization received jumping loans or other advantages etc. Put initials on the master roll, savings withdrawal register, passbook and CO register after visiting the group members
Crosschecks the passbooks with the Loan Officer register once every three month
Observe the time a worker spends in the group
See whether there is a good relation among the members and analyze whether there is a good relation among the member and analyze whether the worker’s behavior is proper
Observe whether the Loan Officers give importance to the opinions of the members
Observe the time a worker spend in the group
See whether there is a good relation among the members and analyze whether the worker’s behavior is proper
Observe whether the Loan Officer give importance to the opinions of the members
Discharge the duties of any of the Loan Officers in their absence
Administrative Activities
Take action if rules of the organization are violated and bring this to the notice of the authorities
Communicate with the central office and other sections in case of special needs
Accounts
Update the General ledger regularly and preserve
Fill up and persevere the collection sheet register with information of the daily realizable and realized
Write down the daily transaction plan and actual information /data and preserve
Perform the responsibility of Operating account as the 1st Signatory. Give approval of all loans
Give approvals of savings refund and adjustment
Make regular entries in the branch register and preserve
Approve and issue all types of bills
Prepare the master roll for loan disbursement
Issue passbooks and verify the accounts of passbooks following the rules
Supervision works
Verify and sign the Loan Officer registers, cash book and collection sheet register
Verify regularly whether there are signatures on the counterfoil of the checkbook and the serial numbers are ok etc
Credit Management
Keep close observation over activities such as the use of loans, regular re payment of installments, creation of defaults etc and take proper action at the proper time
Savings Management
Supervise regularly the issues of weekly mandatory savings, voluntary savings, observe the kind of circumstances, season and month when the members want to withdraw their savings or the amount of withdrawal increases or decreases and make arrangement for transferring funds in the future on that basis. Keep the environment of increasing savings favorable through workers and if possible through self-involvement
Qualification required:
Must have at least 4 years’ microfinance experience in related job functions.
Evidence of professional qualifications will be an added advantage
University Degree/HND in a related subject.
Method of Application
Kindly send your comprehensive resume to knowledgepoolconsultinglimited@gmail.com
NOTE: ONLY CANDIDATES THAT MEETS THE ABOVE STATED REQUIREMENTS SHOULD APPLY
Please share...
LOAN OFFICERS, BRANCH MANAGERS WANTED IN A MICROFINANCE BANK
4/
5
Oleh
healthandwealth
