Credit Officer Job at TRA SACCOS LIMITED

Credit Officer
Company:TRA SACCOS LIMITED
Location:Dar Es Salaam
POSITION DESCRIPTION:
Background
TRA SACCOS is a registered Savings and Credit Co-operative Society whose main objective is to mobilize Savings from Members and in return to provide Credit facilities.TRA SACCOS is an employee- based SACCOS, established under Co-operative Society Act. Other objectives of the Society are to encourage thrift amongst Members by educating them advantages of developing a Savings behavior, proper management of money through best investment practices aimed at improving their social and economic conditions. This is achieved by offering Members complementary
Savings schemes, Credit facilities and other financial products as may be required by the Members from time to time.
TRA SACCOS is seeking to recruit and hire qualified Tanzanian professional to fill the following vacant position.
Purpose of the position
The Credit Officer is responsible for receiving, reviewing, analyzing and recommend loans applications for approval.
Scope
The Credit Officer reports to the Manager and is responsible for facilitating SACCOS credit activities.
Responsibilities
Ensuring that all loans of the society are issued in accordance with the Cooperative Act, society By-Laws, Credit policy, credit manual and procedures
Ensuring that all loans issued are repaid every month and submit a report for any unpaid or delinquent loans to the Credit Committee;
Following up of defaulted loans and recommend to the Credit committee charging accrued interest on such accounts and ensuring that such loans are full recovered
Preparing the monthly, quarterly and yearly loan disbursement reports which includes Approved Loans, Loans Pending reports loan issued by gender, products, branches, non-performing
loans, Loan arrears and/or delinquent loans, etc, and submit to the Credit Committee.
Supervise loan personnel and ensure that all staff perform loan transactions according to Management's directives and their authorization level to ensure efficient and effective running of the day to day operations of the Society.
Compiling periodic reports on Classification of the Loan Portfolio, portfolio at risks as detailed in the Credit Policy and Procedures and submit to the Credit Committee.
Preparing Credit Committee Budget and present to the Management Board through the Credit Committee for approval.
Preparing a regular visit to member's premises to discuss performance of their involvements and provide on-the-spot advice regarding the products and services offered by the Society and furnish a report of the visit to the Credit Committee. Also to put in place mechanisms of obtaining feedback from members timely, analyslng such feedback and disseminating results to the Manager/ Credit Committee
Preparing Loan deductions summary to be submitted to Payroll for monthly loan deductions. Ensuring perpetual data posting for all information concerning loans into the computerized system.
Responsible for performing monthly reconciliation of loan information from payroll sheets and/ or banks and Monthly Projected Loan Recovery Summary and immediately report to supervisors any anomaly identified during reconciliation exercise.
Preparing and being custodian of loan offers, guarantors form and loan contract for al\ disbursed loans including all correspondences between members and the Society on all issues pertaining to loans.
Receiving, recording, scrutinizing member’s loan application forms before submitting to the relevant authority.
Designing, developing and market new financial products (Provident and Productive) and Services which meet members' needs while reviewing the existing products for continual improvements.
Ensuring that Credit policy, Financial Products pricing, Interest settings, procedures and standards are always up to date by making regular reviewing and recommend changes for improvements to relevant authority;
Track the loan performance and historical trends on liquidity in order to identify any seasonal trends using the PEARLS Monitoring System;
Track outstanding loan commitments and collect information and data on loan demand trends.
Any other duties that may be assigned by supervisors from time to time.
Knowledge, Skills and Abilities Required
a) Degree or Advanced Diploma in Cooperative Management, Business Administration, Accounting, Finance, Banking, or related field, or equivalent certifications and experiences from
recognized institutions.
b) Post Graduate Diploma in Savings and Credit Management will be an added advantage.
c) Minimum 3 years of experience working with SACCOS lor Micro-finance sector.
d) Strong capacity of monitoring and reporting
e) Knowledge of practical computer working experience of Office Applications including Excel and Word.
f) Interpersonal and communication skills, Self Confidence, Customer Care and ability to working in a demanding environment
g) Good written and oral communicative skills in English and Swahili.
h) Ability to work as a team
i) Ability to .manage multiple tasks and to learn new concepts quickly.
FOR POSITION:
Age limits
The applicant be of age between 30 - 40 years
Teams of Employment
The incumbent will hold the position for three (3) years renewable contract based on Performance after a proven probation period of six (6) months.
Remuneration
An attractive remuneration package will be offered to the successful candidate.
Duty station: Dar-es-salaam
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APPLICATION INSTRUCTIONS:
Interested and suitably qualified Tanzanians should forward their applications within 14 days after first appearance of advert. including a well written application letter. a detailed up to date CV,
(1) current passport size photograph and copies of all academic and professional credentials enclosed in an envelope marked "Application for Credit Officer to:
Chairperson
TRA Savings and Credit Cooperative Society
5th Floor, Mariam Tower, Shauri moyo
Road P.O. Box 63225
Dar-es-Salaam, Tanzania
Note: TRA SACCOS is an equal opportunity employer. Only short listed applicants will be contacted. Canvassing shall lead to automatic disqualification. If you do not hear from us within 14 days after the deadline, consider yourself unsuccessful. Your application will be retained by the SACCO for future references.
Deadline:24th March 2014
Source:Daily News of 10th March 2014

Credit Officer Job at TRA SACCOS LIMITED Credit Officer Job at TRA SACCOS LIMITED Reviewed by Unknown on 3:27:00 AM Rating: 5
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