Job Title: Loan Officer
Company: Barefoot Financial Services
Location: Arusha
About Us:
Barefoot Financial Services is committed to offering comprehensive financial solutions to underserved communities. Our goal is to empower individuals and small businesses by providing accessible credit, savings, and financial education, thereby fostering economic growth and promoting financial inclusion.
Job Overview:
We are looking for a dynamic and motivated Loan Officer to join our team. The Loan Officer will play a crucial role in evaluating, authorizing, or recommending the approval of loan applications for both individuals and businesses. This role includes meeting with applicants, collecting necessary documentation, and providing guidance throughout the loan process to ensure clients fully understand and utilize our financial products. 
Key Responsibilities:
Client Consultation:
- Meet with potential borrowers to assess their needs and identify suitable loan products.
- Conduct comprehensive interviews and evaluations to gather financial information.
- Provide clear and detailed information to clients on loan terms, conditions, and repayment schedules.
Loan Evaluation and Approval:
- Review and verify loan applications, including credit history and financial documents.
- Analyze the financial status of applicants and evaluate properties to determine the feasibility of granting loans.
- Make informed recommendations for loan approvals or rejections.
Loan Processing and Disbursement:
- Ensure that all loan documentation is complete and accurate.
- Facilitate the timely disbursement of approved loans.
- Maintain detailed records of all loan applications, approvals, and disbursements.
Client Relationship Management:
- Build and maintain strong relationships with clients to ensure satisfaction and retention.
- Provide ongoing support and guidance to clients, helping them manage their loans effectively.
- Conduct follow-up visits and calls to monitor clients’ financial status and loan repayments.
Risk Management and Compliance:
- Adhere to all company policies, regulatory requirements, and best practices in loan processing and approval.
- Identify and mitigate potential risks within the loan portfolio.
- Ensure compliance with all legal and ethical standards in financial transactions.
Qualifications:
- Diploma in Finance, Business Administration, Economics, or a related field.
- Proven experience as a Loan Officer or in a similar role within financial services.
- Strong understanding of loan processes, financial analysis, and risk assessment.
- Excellent communication and interpersonal skills.
- Detail-oriented with strong organizational abilities.
- Proficiency in financial software and Microsoft Office applications.
- Ability to work independently and as part of a team.
Key Competencies:
- Customer-focused with a commitment to delivering excellent service.
- Strong analytical and critical thinking skills.
- High level of integrity and ethical conduct.
- Ability to manage multiple tasks and meet deadlines.
- Adaptability and flexibility in a dynamic work environment.
Benefits:
- Competitive salary with performance-based incentives.
- Comprehensive training and professional development opportunities.
- Supportive and inclusive work environment.
Important Notes:
- Indicate your salary expectation in your cover letter.
- Must be available immediately.
- Applicants should be located in Arusha.
How to Apply:
Interested candidates should submit their resume and cover letter to jovit@bfi.co.tz by August 16, 2024. Please include “Loan Officer Application” in the subject line.
