Loan Officer

We are recruiting for a Loan Officer in Limpopo Thabazimbi The Loan Officer evaluates and recommends approval or decline of loan applications. The Loan Officer will act as primary liaison between customers and our financial institution and will help qualified applicants acquire loans in a timely mannerDuties and ResponsibilitiesPerform business development tasks, including managing the pipeline by generating leads and referral business, and maintaining relationships with existing and past clients.Assess customer needs, explore all options and propose alternative types of loansDevelop referral networks and suggest alternate channels to accomplish targetsOn-board new loans to ensure delivery of business targets.Explain to clients the different types of loans and credit options that are available, the risks and benefits of each, as well as the terms of loan products.Collect all clients’ required documents for loan application to ensure their eligibility to have it approved.Conduct credit investigation to analyze applicants’ financial status, order/contract profitability, and repayment capacity to determine feasibility of granting loans.Gather valid applicants’ financial records by obtaining and compiling copies of clients’ credit histories, order/contract performance, order/contract status and other financial information to prevent reliance on fraudulent data.Ensure all necessary information and documentation is recorded properly in electronic file formatWhere applicable, conduct a site visit during loan assessment process to obtain in-depth information concerning to the purpose of customer’s loan application and ensure customer security for the loan is sufficient and acceptable.Complete loan contracts and counsel clients on policies and restrictionsConduct activities to put loan securities in place to mitigate financial loss.Prepare qualifying disbursements for review and sign offMake regular site visits to existing customers in order to determine whether the loan should stay the same or be downgraded due to the actual condition of their loan collateral and/or financial situation as well as to develop relationship with customers for further cross-selling.Actively monitor the implementation of funded projects to ensure timely completion and invoicing by SMEsFollow up delinquent client immediately and refer such case to the Credit Manager in order to proactively handle the loan portfolio.Stay abreast of new types of loans and other financial services and products to better meet customer needs.Go the “extra mile” to build trust relationships, customer loyalty and satisfaction throughout the lending process?perate in compliance with laws and regulations and adhere to lending compliance guidelines Skills and SpecificationsRelevant degree or diplomaMinimum experience required2 years’ experience in financial management and project management; OR2 years’ experience as Loan Officer/similar roleAbility to use Microsoft Office.Good sales and customer service