Credit Officer , The UTT Microfinance Plc

BACKGROUND
The UTT Microfinance Plc (UTT-MFI) is a public financial institution promoted by the
Government of the United Republic of Tanzania, under the ambit of the Ministry of
Finance. The UTT MFI which commenced its business operations on 1st July, 2013; was
incorporated on 28th June, 2013 as a public company limited by shares under the
Companies Act (Cap 212), to implement Government policies on the matters relating to
economic empowerment of the majority middle and low income Tanzanians. UTT MFI
came into being as a result of the reorganization of Unit Trust of Tanzania (UTT) into
three functional and independent companies.

The Vision of UTT-MFI is “To be the market leader in provision on inclusive financial
service”; while it’s Mission is “To deliver effective financial services through innovative
solutions that empowers people, to maximize opportunity and achieve a suitable life
free from poverty.”

The UTT Microfinance Plc now invites qualified, competent and energetic Tanzanians
with outstanding work ethics and integrity to apply for the following vacant positions

1. Job Title: Credit Officer (Three Posts)
Ref No. UTT-MFI/ CO/1015/01-03

1.1 Reports to: Branch Manager

1.2 Job Summary:
Ensuring error free disbursement of loans to members in line with the approved
UTT MFI credit policies and procedures. Meeting with members, evaluating their
applications, advising them transparently about the details of UTT-MFI products
and services, recruit clients/members, finalize loan applications and supervising
loan collections and loan recoveries.
1.3 Key duties and responsibilities:
i. Recruit Clients and disburse loan products as per agreed Targets; and
sell other UTT MFI services as per agreed performance targets (BSC);
ii. Coordinating and developing the formation of client groups for group
guarantee products and handling other type as per the respective
policy and procedures;
iii. Meet with applicants/clients, receive loan applications and respond
to inquiries in respect to product features, loan eligibility, and
application processes;
iv. Providing necessary assistance and training to all clients on
entrepreneurship skills;
v. Participate in regular clients’ social impact assessment;
vi. Participation in products survey and client feedback;
vii. Prepare loan application and submit it to the Loan Committee for
further action;
viii. Perform loan orientation to customers and sell the existing products
to prospective customers;
ix. Compiles business information, analyze and provide
recommendation; this will include applicants’ financial status, credit,
and property evaluation to determine feasibility of granting loans;
Explain to customers the different types of products, loans and credit

options that are available, as well as the applicable terms and
conditions;
x. Ensure consistence and thorough collection process in the event of
defaults or problematic loan;
xi. Review and update credit and loan files;
xii. Review loan agreements to ensure that they are complete and
accurate according to applicable policies;
xiii. Handle customer complaints and take appropriate action to resolve
them;
xiv. In conjunction with senior managers; recommend review and updates
of products, credit policies, procedures and standards;
xv. Timely and accurately processing of data into core Banking systems;
xvi. Perform any other duties as would be assigned by supervisor/senior
officers from time to time.
1.4 Qualifications and Experience:
 Qualification: The holder of this position must have First Degree in
Finance Management, Commerce, Economics or Accountancy,
Community Development, or Agribusiness.
 Experience: minimum of three (3) years experience since obtaining those
qualifications.
2. General Conditions:
a) All the above positions carry an attractive remunerations package;
b) Entry point will depend on a candidate’s qualifications and experience.


3. Mode of Application:
 All interested persons are required to apply attaching to their applications
current Curriculum Vitae (CV), copies of academic certificates & transcript;
including names and full communication addresses (contact phone numbers)
of three referees who can testify to the applicant’s academic abilities,
working experience and character.

 Please send your applications in an envelope clearly marked as “Application
for employment at UTT-MFI”, quoting the relevant job reference number
such that the same reaches not later than 5.00 p.m. on Monday, 09th
November, 2015 to the following address:-

The Chief Executive Officer
UTT Microfinance Plc,
TAN-RE House, 4
th Floor,
Upanga, Longido Street,
P. O. Box 5474,
Dar es Salaam.
Note:

a. UTT-MFI is an equal opportunity employer. Candidates from disempowered
group are encouraged to apply;

b. Only short listed candidates will be contacted;

c. Hand delivered applications will not be accepted;

d. Applicants are warned not to make phone calls, physical or e-mail enquiries
other than applying through the mode outlined above. Any such breach will
result in immediate disqualification.