About Us
Spectrum Credit is a leading financial services provider dedicated to empowering Small and Medium Enterprises (SMEs) with accessible and tailored financial solutions. Our mission is to foster business growth and economic development through innovative and responsible lending practices. We are seeking a motivated and experienced SME Loan Officer to join our dynamic team and help businesses secure the financing they need.Jobs by Location
Job Purpose
The primary objective of the SME Loan Officer is to manage the full lending cycle for small and medium-sized businesses—from marketing loan products and sourcing clients to processing applications, monitoring loans, and ensuring timely collections. The role serves as a crucial link between Spectrum Credit and its business clients, guiding them through the loan process while delivering excellent customer service.
Key Responsibilities
Marketing & Sales
Proactively market SME loan products to potential clients and acquire new walk-in clients.
Client Management
Build and maintain strong professional relationships with a portfolio of SME customers.
Loan Processing
Meet with applicants, collect financial data and documentation, and guide clients through the loan application process.Internship opportunities
Assessment & Risk Analysis
Evaluate clients’ financial status, assess creditworthiness, calculate risk ratios, and review completed loan applications to determine eligibility.
Approval & Disbursement
Prepare loan proposals, recommend applications for approval, and work with approved clients to complete documentation and set up payment plans.
Monitoring & Recovery
Monitor active loans and lead collections efforts for clients within the assigned portfolio.
Compliance & Reporting
Ensure strict compliance with company policies and regulatory standards, maintain accurate records, and prepare reports on loan approvals and denials for management.
Qualifications & Experience
Education
Minimum of a Diploma or Bachelor’s degree in Banking & Finance, Business Administration, Economics, Accounting, or a related field.
Experience
At least 2 years’ experience in SME business lending within a reputable Microfinance Institution or banking institution.
Skills
Strong analytical and problem-solving skills with attention to detail.
Excellent communication, interpersonal, and negotiation skills.
Sales-driven and results-oriented with strong customer service skills.
Ability to manage multiple tasks in a fast-paced, deadline-driven environment.
