Credit (Sales) Officer at Umba

Responsibilities

• Process ownership: Owning and managing the sourcing, negotiating, signing, and management of logbook loan accounts.
• Evaluate credit applications: Review loan applications submitted by individuals and businesses, assess financial information, and determine creditworthiness based on established criteria.
• Conduct financial analysis: Analyze financial statements, credit reports, and other relevant data to assess the applicant’s ability to repay the loan and manage credit risk.
• Assess collateral and security: Evaluate collateral or security offered by loan applicants and determine its value and adequacy to mitigate potential credit risks.
• Verify documentation: Ensure that all required documents and information provided by applicants are complete, accurate, and comply with internal policies and regulatory guidelines
• Collaborate with stakeholders: Work closely with loan officers, underwriters, and other internal teams to gather additional information, clarify details, and ensure smooth loan processing.
• Maintain credit files: Maintain accurate and up-to-date credit files and documentation, including loan applications, financial statements, and other relevant records.
• Monitor credit portfolio: Monitor the performance of existing loans, review repayment patterns, identify potential credit concerns, and take appropriate actions to mitigate risks.
• Ensure compliance: Adhere to regulatory requirements and internal policies related to credit evaluation, loan processing, and customer data confidentiality.
• Provide exceptional customer service: Communicate effectively with applicants, providing clear explanations of credit decisions, addressing inquiries, and ensuring a positive customer experience.

Skills And Qualifications

• Bachelor’s degree in finance, accounting, or a related field. Relevant certifications or professional qualifications in credit analysis are a plus.
• Proven experience as a Credit Officer or similar role in a financial institution, preferably in a digital banking environment.
• Strong analytical skills with the ability to interpret complex financial information and assess credit risk.
• In-depth knowledge of credit evaluation techniques, loan underwriting principles, and regulatory requirements.
• Familiarity with digital banking platforms and loan management systems.
• Excellent attention to detail and strong organizational skills.
• Ability to work independently and make sound decisions within established guidelines.
• Effective communication and interpersonal skills.
• Proficiency in using financial analysis software and MS Office applications.
• Commitment to maintaining confidentiality and handling sensitive customer information ethically.
• Understanding of market trends, industry best practices, and emerging technologies in credit analysis and lending.