BUSINESS OFFICER AT BOSAK MICROFINANCE BANK | BUSINESS OFFICER JOBS IN LAGOS

About Company:

Bosak Microfinance Bank Limited was incorporated in December 2009 with the business objective of providing financial service to micro clients who were excluded from the mainstream financial system. It commenced operations in June 2010 upon obtaining a Unit Microfinance Banking License from the Central Bank of Nigeria. It later obtained a State Microfinance Banking License in 2016.

Bosak Microfinance Bank Limited’s financial inclusion effort focuses on promoting savings culture, access to credit facilities for income-generation purposes and reducing vulnerability to risk through micro insurance.

The Bank’s major strategic focus employs the group lending methodology in its operations with a leaning towards women. It believes in the commitment of women folk to work hard and help their families conquer poverty. As such, more than 95% of the Bank’s lending activities focuses on women. The success of the bank’s group lending activities largely depends on group solidarity and cohesion.

Job Description:

• Approve loan applications within specified approval limits and refer applications outside approved limits to management for further approval.
• Meet with loan applicants to obtain required information and respond to inquiries regarding the loan application process.
• Analyze applicants’ financial status, credit history, and collateral/property valuations to determine loan feasibility.
• Explain available loan products, credit options, and applicable terms and conditions to customers.
• Obtain, verify, and compile loan applicants’ credit histories, corporate financial statements, and other relevant financial documentation.
• Review, update, and maintain accurate credit and loan files in line with internal policies and regulatory requirements.
• Ensure compliance with credit policies, risk management guidelines, and regulatory standards.
• Provide periodic reports on loan portfolio performance as required.

Requirements:

• Interested candidates should possess a Bachelor’s Degree / HND / OND qualification in any relevant field with 1 - 3 years of relevant work experience.

Qualifications and Skills:

We offer the following Benefits

• HMO
• Constant Training and Development
• Leave & Passage Allowance
• 13th Month.

Why Work with Bosak Microfinance Bank Limited?

• If you desire to work in an organization where employee motivation is key and passion is rewarded, then Bosak MFB might be the place for you.
• We are committed to building an open and rewarding work environment where all employees have equal opportunities for growth to realize their full potential.
• Our remuneration and employee welfare packages are among the best in the industry.

Salary

Application Closing Date: Not specified

Application Instructions:

Interested candidates should send their CV to: recruitment@bosakmfb.com using “Loan Officer” as the subject of the email.