- 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.