Knowledgepool Consulting Limited wishes to announce vacancy for the following position in a new Microfinance Bank.



LOCATIONS: ONDO, OGUN, OYO, KWARA

DEADLINE: 11TH OF NOV. 2016

POSITION: Micro Loan Officer


Responsibilities:

    Remain responsible for overall activities of minimum of 15 and maximum of 20 groups where each group consists of 5-30 members and the total number of members is 300-400
    Complete group formation in a new area within a maximum of 4-6 months after joining the bank
    Take initiative to collect weekly savings from the organized groups only after inclusion of the groups in the branch, that is after approval of the groups
    Oversee three to four groups per day, five days of the week except weekend and collect weekly savings and installments as per determined rates/rules
    Play an effective role in making groups effective
    Prepare disbursement plan in advance for disbursing credit to the organized groups and submit to the Branch Manager
    Disburse loans following the set rules, such as member’s age, savings, scheme etc. Remain responsible in case of any irregularities .Try to make proper utilization of credit
    Take the initiative immediately for collection of the installment whenever a member expresses his/her ability to repay the credit installment due to any special reason ;may be, through staying at the borrower’s house until recovery or arbitration, inform the Branch Manager instantly about the default, otherwise the Loan Officer will bear all the responsibilities
    Maintain savings and credit account related forms/registers correctly on a daily basis. Avoid alterations/corrections or use of white ink on the account related documents.
    Discharge special responsibilities assigned by the Branch Manager for the interest of the organization
    Sign regularly the attendance book cum movement register kept in the branch office
    Deposits the money collected from the groups savings, credit installment and insurance into their account with the bank and submit tell to the branch manager without any delay. keeping cash in hand and suppress cash is a punishable offence
    Refrain from defamation, instigation, scandalous activities against the organization otherwise punishment will be imposed if proved
    Fill up the loan application form, daily realizable and realized information sheet
    To perform any other duty assigned by management from time to time

Qualification required:

    Minimum of OND holders with 1-2 Experience in Microfinancing
    Must have at least 2 years’ experience in related functions.
    Problem solving and good negotiation skills is required
    Must possess high multitasking skills

BRANCH MANAGERS (RETAIL LOANS)


Job Description

Staff Management

    Verify and Sign the attendance and movement register
    Distribute working areas among the Staff and fix the target
    Observe the daily activities of the Staff and their behaviors
    Identify the qualities of the staff and utilize their skills accordingly .Play a role in taking appropriate measures to identify their weak sides

Group Management &Visits

    Collect the lists of the group members from the Loan Officers
    Visit the Group members for assessment of Group information
    Provide permission for registration
    Give passbooks, code number of the groups
    Accept loan proposal ,savings and insurance
    Reject deficient group members and fill up the deficiency
    Monitor by paying a visit to at least two groups per day. Find out whether there are irregularities in savings withdrawal, savings received by the members, schemes implemented with disbursed loans, one member’s loan given to another, accounts of savings found correct through cross-checking with passbooks, borrowers included in the target according to the rules of the organization received jumping loans or other advantages etc. Put initials on the master roll, savings withdrawal register, passbook and CO register after visiting the group members
    Crosschecks the passbooks with the Loan Officer register once every three month
    Observe the time a worker spends in the group
    See whether there is a good relation among the members and analyze whether there is a good relation among the member and analyze whether the worker’s behavior is proper
    Observe whether the Loan Officers give importance to the opinions of the members
    Observe the time a worker spend in the group
    See whether there is a good relation among the members and analyze whether the worker’s behavior is proper
    Observe whether the Loan Officer give importance to the opinions of the members
    Discharge the duties of any of the Loan Officers in their absence

Administrative Activities

    Take action if rules of the organization are violated and bring this to the notice of the authorities
    Communicate with the central office and other sections in case of special needs

Accounts

    Update the General ledger regularly and preserve
    Fill up and persevere the collection sheet register with information of the daily realizable and realized
    Write down the daily transaction plan and actual information /data and preserve
    Perform the responsibility of Operating account as the 1st Signatory. Give approval of all loans
    Give approvals of savings refund and adjustment
    Make regular entries in the branch register and preserve
    Approve and issue all types of bills
    Prepare the master roll for loan disbursement
    Issue passbooks and verify the accounts of passbooks following the rules
    Supervision works
    Verify and sign the Loan Officer registers, cash book and collection sheet register
    Verify regularly whether there are signatures on the counterfoil of the checkbook and the serial numbers are ok etc

Credit Management

    Keep close observation over activities such as the use of loans, regular re payment of installments, creation of defaults etc and take proper action at the proper time
    Savings Management
    Supervise regularly the issues of weekly mandatory savings, voluntary savings, observe the kind of circumstances, season and month when the members want to withdraw their savings or the amount of withdrawal increases or decreases and make arrangement for transferring funds in the future on that basis. Keep the environment of increasing savings favorable through workers and if possible through self-involvement

Qualification required:

    Must have at least 4 years’ microfinance experience in related job functions.
    Evidence of professional qualifications will be an added advantage
    University Degree/HND in a related subject.

Method of Application

Kindly send your comprehensive resume to knowledgepoolconsultinglimited@gmail.com

NOTE: ONLY CANDIDATES THAT MEETS THE ABOVE STATED REQUIREMENTS SHOULD APPLY


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