Loans Assistant at Winas Saving And Credit Co-operative Society Limited

The Loans Assistant supports the loans department in processing, monitoring, and managing member or client loan applications. The role involves ensuring loan documentation is complete, assisting in credit appraisal, maintaining accurate loan records, and offering quality service to members. The Loans Assistant plays a vital role in ensuring that loan processes comply with internal policies and regulatory requirements. Reporting to the Credit officer the individual will be responsible for setting up, maintaining reviewing and documenting effective record custody and retrieval system.

Duties and responsibilities

• Reconciling the monthly loan and interest deductions received whether paid by cash, check off or standing orders versus monthly installment expected and identify any variance for action.
• Monthly reconciliation of all loans issued out to ensure they are paid as per loan schedule. This will help to identify the omissions and deduction that may have stopped along the way.
• Reconciling MOU loans and their salaries to detect any risk that may result to the Sacco loan being unpaid
• Ensuring that all data on loans and monthly deposits contribution for all members have been captured effectively by either through standing order or check off. Timing and accuracy is key.
• Ensuring that all counties’ data, TSC, Government Ministries and Parastatal have been captured and delivered to various employers before deadline for closing the payroll in a particular month.
• Doing monthly reconciliation on standing orders to identify those that might have failed to recover expected funds as set in the system.
• Doing monthly reconciliation on accounts opened and not being banked in order to arrest dormancy and activate them.
• Reporting of refunds of overpayment
• Attending to members queries and Loan appraisal
• Preparing of deceased claim analysis to the insurance company upon reporting by the family members
• Performing any other duties that may be assigned by the Senor Loans Officer like verification of member information/documents and chattels registration in the E- registry on microcredit and business loans.

KEY QUALIFICATIONS AND COMPETENCIES

Academic Qualifications

• Minimum Kenya Certificate of Secondary Education (C) Plain
• CPA section II or Diploma  Credit Management or  diploma co-operative management
• Age 28 – 35 years

Experience:   

2 to 3 years' experience as a credit office