WAT SACCOS LTD, a leading Savings and Credit Cooperative Society operating in the Dar es Salaam region, is seeking to fill two Credit Officer positions. WAT SACCOS, with a membership exceeding 22,000 individuals, is committed to providing exceptional financial services, including savings and credit, to its members. The Credit Officer roles are crucial in ensuring the continued success and growth of the cooperative by effectively managing the credit processes and maintaining strong relationships with members.
Organization: WAT SACCOS LTD
Location: Dar es Salaam, Tanzania
Position: Credit Officer (2 Positions)
Application Deadline: 8th September 2024
Contact: [email protected]
General Duties and Responsibilities
The Credit Officers will have the following key responsibilities:
Client Interaction: Engage directly with clients and members to understand their credit needs and provide necessary support. Promotion of Credit Activities: Actively promote the credit services offered by WAT SACCOS to increase awareness and participation.
Credit Needs Assessment: Assist clients in determining their credit requirements and guide them through the application process. Loan Application Management: Oversee the loan application and approval process, ensuring timely delivery and collection of loans.
Loan Portfolio Management: Track and monitor the performance of assigned loan portfolios, providing regular updates and reports. Portfolio Reporting: Provide detailed reports on the status of the loan portfolio to the management team.
Specific Duties and Responsibilities
In addition to the general duties, the Credit Officers will also be expected to:
- Identify Credit Opportunities: Recommend areas for new credit activities based on WAT SACCOS’ business plan.
- Membership Expansion: Actively seek and register new potential members to the cooperative.
- Conduct Surveys: Perform area surveys to gather data and assess potential market opportunities.
- Loan Application Assistance: Assist potential members with the loan application process, including workplace visits, financial analysis, and verification of guarantee information.
- Loan Analysis and Recommendation: Analyze loan applications and provide recommendations on the creditworthiness of clients to the SACCOS Management Committee.
- Loan Disbursement and Follow-up: Disburse approved loans, formalize contracts, and ensure proper follow-up on repayments.
Educational Qualifications and Competencies
Candidates interested in the Credit Officer positions should possess the following qualifications and competencies:
- Educational Background: A Bachelor’s degree in Accounting, Finance, Economics, Business Administration, Marketing, or Cooperative Management and Accounting.
- Experience: A minimum of two years of relevant experience in credit management or a related field is preferred.
- Compliance: Strong adherence to SACCOS rules and regulations.
- Technical Skills: Proficiency in Microsoft Office Suite and the ability to analyze financial records.
- Analytical Skills: Ability to analyze financial data and make informed recommendations.
Salary: The salary for the Credit Officer positions will be in accordance with the WAT SACCOS salary scheme.
How to Apply
This is a full-time position. Interested candidates are required to send their applications via email to [email protected]. Please ensure that your application is submitted before the closing date of 8th September 2024. Only applications sent via email will be considered.
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