Loan Officer

Mpowa Finance; Johannesburg; On-site; ZAR 200 000 - 300 000; Full time

Job summary

A finance firm in Johannesburg is seeking a Loan Officer to evaluate and process loan applications. You will be responsible for analyzing financial data, ensuring compliance with lending guidelines, and communicating with clients to facilitate the loan process. The ideal candidate should possess strong attention to detail and have a financial background. This role offers opportunities for growth in a fast-paced environment.

Qualifications

• Strong attention to detail required.
• Must have a financial background.
• Ability to analyze income and expenses.

Responsibilities

• Evaluate creditworthiness by processing loan applications.
• Analyze client's income and expenses, and evaluate bank statements.
• Justify loan approval or rejection decisions.

Skills

Attention to detail

Ability to work in a high pressure environment

Goal oriented

Education

Matric (Grade 12)

Bachelor in Commerce (Bcom) or Graduate with a Financial Background

Job description

Job Description

An established firm in the Online Finance Industry, focusing on providing Short Term Loans.

Working with the latest Fintech in a growing team which offers room for growth in your career.

We are looking for a loan officer to evaluate, authorize approval or deny loan applications.

You will act as liaison between customers and our financial institution and you will help qualified applicants acquire loans in a timely manner.

You will be involved in new applications, re-applications from existing clients and following up on clients.

There is a need for being extremely organized as it is a fast paced industry that will test you daily.

Skills and Expertise Requirement

• Matric (Grade 12)
• Bachelor in Commerce (Bcom); or Graduate with a Financial Background
• Strong attention to detail and a mind for numbers
• Ability to work in a high pressure environment
• Ability to work in a goal orient environment

Job Responsibilities

• Evaluating credit worthiness by processing loan applications and documentation within specified limits.
• Analyzing a client's income and expenses, evaluating bank statements and determining the relevant risk of the client.
• Evaluating a client's credit and financial history.
• Communicate with clients either to request or to provide information.
• Communicate with 3rd parties to confirm provided information.
• Justify decisions (approvals / rejections) and report on them.
• Operate in compliance with laws and regulations and adhere to lending compliance guidelines.
• Further responsibilities will be given on the job, once established and have gathered an initial understanding of the business.