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  • Posted: Feb 4, 2025
    Deadline: Mar 3, 2025
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    At IDEON, We follow strict code of ethics, confidentiality and practice standards in the delivery of services to clients.Our services help businesses expand and optimize operations We are providers of end to end business enabling services that helps businesses to expand and optimize operations across different industries. Our services include: COLLECTIONS...
    Read more about this company

     

    Loan Officer

    Description

    The Officer will be responsible for developing loan applications by evaluating applicant information and documentation. Consults with clients about their lending needs to help them achieve their financial goals, including the collection and analysis of information about the client's financial situation.

    Duties & Responsibilities

    • Client Interaction: Engage with potential borrowers to discuss loan needs, explain available options, and gather necessary financial information.
    • Application Processing: Evaluate loan applications, ensuring completeness and accuracy of required documents.
    • Credit Analysis: Assess the creditworthiness of applicants by reviewing credit reports, income statements, and other financial documents.
    • Risk Assessment: Analyze potential risks associated with loan applications and make recommendations to the decision-making team.
    • Loan Structuring: Structure loans based on client needs, financial situations, and loan program requirements.
    • Regulatory Compliance: Ensure compliance with lending regulations, internal policies, and industry standards.
    • Interest Rate Negotiation: Work with borrowers to negotiate interest rates, terms, and repayment plans that align with both parties' interests.
    • Documentation: Prepare and review loan documentation, ensuring accuracy and completeness.
    • Communication: Effectively communicate loan terms, conditions, and requirements to clients, addressing any inquiries they may have.
    • Relationship Building: Cultivate and maintain positive relationships with clients, real estate agents, and other professionals in the industry.
    • Market Research: Stay informed about market trends, interest rates, and lending products to provide informed advice to clients.
    • Cross-Selling: Identify opportunities to cross-sell other financial products or services offered by the institution.
    • Customer Education: Educate clients about the loan process, available products, and financial responsibilities associated with borrowing.
    • Pipeline Management: Manage a pipeline of loan applications, keeping track of application status and ensuring timely follow-ups.
    • Collaboration: Collaborate with underwriters, processors, and other internal teams to facilitate a smooth loan approval and closing process.
    • Goal Achievement: Meet or exceed sales targets and contribute to the overall success of the lending department.

    Skills & Experience

    • Bachelor’s Degree in finance, banking, business administration, accounting, or a related field.
    • Certifications – E.g., credit analysis certifications, or other financial certifications.
    • 2–5 years in lending, credit analysis, or financial services.
    • Analytical Skills: Ability to assess financial documents and creditworthiness.
    • Sales & Negotiation Skills: Ability to sell loan products and negotiate terms.
    • Customer Service: Strong interpersonal and communication skills.
    • Attention to Detail: Accuracy in loan processing and documentation.
    • Time Management: Ability to handle multiple applications and meet deadlines.

    Method of Application

    Interested and qualified? Go to Ideon Limited on ikojobs.co.ke to apply

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