Job Vacancy in Kenya, Loan Processing Assistant

Job Vacancy in Kenya, Loan Processing Assistant

Loan Processing Assistant – Mhasibu

at Mhasibu NWDT Sacco Society

Published June 27, 2024

Expires July 10, 2024

Location Nairobi, Nairobi County, Kenya

Category Accounting and Finance

Job Type Full-time

Description

We are a well-established and dynamic Savings and Credit Co-operative Society in the country for all professionals with membership spread globally.

We are seeking to recruit a highly qualified result-oriented individual for the position of Loan Processing Assistant.

1. JOB INFORMATION

Job Title: Loan Processing Assistant

Department: Operations

Section: Loan Processing

Reports to: Loan Processing Manager

Direct Reports: None

Workstation: Nairobi

2. JOB PURPOSE

To ensure that applied loans are accurately processed and timely communication to members is done.

3. MAIN RESPONSIBILITIES OF THE JOBS

Managerial / Supervisory/ Operational Responsibilities or roles:

a) Attend to members queries on loan enquiries.

b) Accurate and timely appraising and processing of all loans by observing the set policies, procedures, and service charter.

c) Review and validating data/information on all loan application forms before appraisal and forwarding for approval.

d) Collateral management during loan processing and ensuring all securities are properly perfected before approval and disbursement of loans.

e) Make constant communication and follow up with both the guarantors and borrowers on the loan processing status and pending matters for actioning within the stipulated timeframes.

f) Custody and safe keeping of documents during loan processing.

g) Ensure confidentiality of member information on loan processing in line with the code of conduct.

h) Ensure all long outstanding loan processing issues are escalated to the supervisor.

i) Marketing and selling of society products and services.

j) Any other lawful duties that may be assigned from time to time.

4. KNOWLEDGE, SKILLS AND EXPERIENCE

Minimum level of academic qualification, skills and knowledge required to perform effectively in the role:

a) A Bachelor’s Degree in a Business management related course or any other related field.

b) Successful candidates will be required to meet the requirements of Chapter 6 of the constitution of Kenya by obtaining the necessary documentation.

Minimum level of professional qualification required to perform effectively in the role:

A professional accounting qualification – CPA K
Minimum level of personal and professional experience required to perform effectively in the role:

Experience in loan appraisal and processing.
Minimum months or years of experience required to have to be appointed to the position:

Minimum 2 years relevant experience and in a in a similar position

5. KEY PERFORMANCE INDICATORS

a) Presentation of timely loan processed reports.

b) Timely reports on abandoned/pending loan rate.

c) Application approval rate.

d) Member retention rate.

e) Customer satisfaction index.

f) Portfolio at risk

g) Loan processing TAT.

6. COMPETENCIES

Technical Skills:

a) Credit risk / security evaluation.

b) Negotiation skills

c) Analytical skills.

d) Loan evaluation skills.

e) Communication skills

f) Emotional intelligence skills

g) Planning and organization.

h) Interpersonal skills

i) Customer care skills

j) Statistical skills

k) Time management skills

l) Records Management.

Behavioural Skills:

a) Focuses on ways to improve existing processes, product and services.

b) Refer to specific measures of baseline performance compared with better performance at a later point in time.

c) Must adhere to the company code of conduct.

d) Embraces, leads and embeds change.

e) Must actively demonstrate the values of the Society.

f) Motivates, coaches and develops others.

g) Strong Ethics and Standards.

h) Good knowledge of the market and the Society’s products and services

i) Self-confidence and Motivated

j) Excellent communication skills- strong written & oral skills

k) Good people, interpersonal and networking skills.

HOW TO APPLY

Interested candidates for the above opportunities should access more information on the job specifications and apply online by filling in the data form from our website on www.mhasibusacco.com on the careers section.

Applicants should after filling the form send their detailed curriculum vitae, copies of academic and professional certificates, and relevant testimonials to the email recruitment@mhasibusacco.com.

The deadline for submission of all applications is on or before 09th July 2024 by 5.00 pm.

Kindly note that only shortlisted candidates shall be contacted.

Kindly note that only shortlisted candidates shall be contacted.

Mhasibu Sacco is an equal opportunity employer.