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Vacancy title:
Credit Officer
Jobs at:
Micro Finance Zambia LimitedDeadline of this Job:
Wednesday, December 18 2024
Within Zambia , Lusaka, South - Central Africa
Summary
Date Posted: Monday, December 09 2024, Base Salary: Not Disclosed
Learn more about Micro Finance Zambia Limited
Micro Finance Zambia Limited jobs in Zambia
JOB DETAILS:
Job Purpose2024
To ensure collection of all arrears due on customers loan balances through efficient and use of alternative collection methods. Maintain a high quality performing loan book through effective off-payroll recoveries.2024
2024
Job Responsibilities2024
1. Follow up with clients with overdue balances.2024
2. Maintain up to date customer list in default with the current information and customer’s contact details including next of kin details;2024
3. Write demand letters to inform customers of their overdue loan balances and follow up on repayments as agreed with the customers;2024
4. Ensure that all defaulting customers receive signed demand notices and acknowledge receipt;2024
5. Identify root causes of defaults through communication with the customer and employer and establish the right strategy to recover the overdue amounts.2024
6. Achieve allocated monthly collection targets as provided month on month.2024
7. Profiling of all non-performing loans and establish the correct strategy to recover e.g. external debt collectors, insurance claims, DDAC mandates etc.2024
8. Constant monitoring of the loan portfolio for timely identification of loans in arrears2024
9. Provide weekly consolidated reports on the recoveries to the Supervisor.2024
10. Negotiate payment plans/schedules with customers in line with their financial situation or capability.2024
11. Ensure compliance with all credit approval processes and procedures2024
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Requirements:2024
1. Grade 12 School Certificate2024
2. Degree in Banking and Finance/Accounting/Business administration from a reputable recognized institution.2024
3. Minimum of 2 – 3 years of experience in a credit-related role is an added advantage.2024
4. Sound knowledge of industry best practices in debt recovery.2024
2024
Job Experience: No Requirements
Work Hours: 8
Experience in Months:
Level of Education: Bachelor Degree
Job application procedure
Interested in applying for this job? Click here to submit your application now.
• Interested Applicants who meet the job requirements should e-mail their CV’s . Only shortlisted candidates will be contacted.2024
2024
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