Approval Officer Job in Arusha

Approval Officer 

(Arusha 1, Moshi 1)

Main Purpose of the Job:

To evaluate business credit applications in terms of product business rules and company credit criteria in a timely and efficient manner for the purpose of making an approve/decline decision;

Organizational Structure:

Reports To: Operations Manager
Department: Business Finance - GVR - Tanzania

Minimum Education Requirements:

• Bachelor’s degree in business or a related field will be preferred
• Minimum Required Experience: - 3 years experience in a financial institution with experience in business credit assessment
• 2 years in a leadership role within a financial institution

Key Performance Areas:

1. Loan Approvals

• Receive all business credit applications from loan officers and ensure that approval process is completed;
• Ensure all key business risks are analyzed;
• Ensure all financial computations are correct and customer meets affordability criteria;
• Ensure all the information and data gathered is consistent and is verified by mandatory physical visits to the client’s business and residence;
• Ensure cash flow and repayment capacity are correct and comparable to other similar businesses;
• Ensure loan structuring fits the business, capacity and project;
• Assessment of collateral by ensuring correct valuation, physical verification of existence and ownership and ensuring it adequately covers the loan value;
• Assessment of guarantor to ensure they meet our affordability criteria through mandatory physical visits to the guarantor’s business and residence;
• Evaluation of business credit applications in terms of product business rules and company credit criteria in a timely and efficient manner for the purpose of making an approve/decline decision;
• Direct customer contact as part of every credit application assessment ;
• Responsible for maintaining the integrity of the credit information and ensuring that all information is correct;
• Responsible for final approval/decline of applications and reporting approval progress;
• Contributing to the setting of credit assessment criteria in the light of collections performance and providing recommendations to enhance the product and credit assessment criteria.

2. Collections

• Accompany Loan Officers in arrears customer collections visits;
• Assist in handovers to Enforcement where necessary;
• Accompany Loan Officers on collections visits to guarantors;
• Assist in follow-up with customers in Enforcement and attempt to get a payment arrangement. Responsible for ensuring the attainment of targeted early collections rates;
• Assist in monitoring collections rates and the performance of the Collections Officer at the branch;
• Assist in the management of the branch Portfolio at Risk (PAR) to ensure it remains below the minimum standard, in consultation with the Senior Loan Officers and / or Loan Officers in the branch;

3. Corporate Image

• Keeping the branch and your work area neat at all times;
• To protect the Real People brand;
• Ensure that you are presentable at all times and that you adhere to the company's dress code.

If you posses the above requirements and skills, send your CV saved as WORD or PDF. 

The Application Letter should be the body of the email and should give details of your current salary and the expectation in this position. Specify the position you are applying for as the subject of your application.

Send this immediately to recruitment@realpeople.co.tz . Deadline for these applications is 2nd September 2014, 4pm. 

Only short listed candidates will be contacted.

Ensure you have followed the instructions provided.