Business Development Officer at Caritas MFB

Job Purpose

• Reporting to the Branch Manager, the successful candidates will be responsible for driving and delivering excellent business performance through aggressive marketing of Microfinance Bank products ensuring optimum productivity, high quality loan book, operation efficiency and outstanding relationship management.

Business Development Job Key responsibilities and accountabilities

• Aggressively market for new liability accounts in line with the given targets.
• Spearhead the credit function of the branch by ensuring growth of high quality loan book as per targets.
• Ensure that all conditions pertaining to disbursements are fulfilled prior to disbursement requests being processed.
• Develop good customer loans/facilities proposals that comply with the banks credit administration standards and policy.
• Review customer demands in the market and recommend products/ services that will enable the Microfinance Bank to compete in the area of operations.
• In liaison with Credit Administration, ensure timely renewal of insurance policies for assets charged as security and timely updates of valuation reports for properties charged as security for loans extended by the bank under personal portfolio.
• Effective monitoring of loan repayments and mitigating risks related to defaults and periodically reviewing the loan portfolio to manage likely problem areas.
• Ensures regulatory compliance and implementation of effective anti-money laundering procedures and controls.
• Manage customer relations under personal portfolio and ensure lasting relations are established with all clients

Minimum Qualifications and Experience for Business Development Job

• Holder of bachelor’s degree in a business related field. Professional banking qualifications will be added advantage.
• Solid analytical skills and experience in credit appraisal, handling and resolving customer requests and queries.
• Have strong communication and team building skills with ability to work with diverse teams.
• Good understanding of prudential guidelines on KYC.
• Must have a minimum of 4 years banking experience 2 of which should be in business development.