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Job Summary

Job Title:
Credit Officers
Employer:
Asaak Financial Services
Location:
Country:
Contract Type:
Full-time
Job Category:
Finance Jobs
Number of Positions:
8
Deadline:
Friday, 2 February 2024

Related Jobs

Within Uganda , Kampala , Mukono ,Matugga, Nabbingo , Jinja ,Fort Portal ,Gulu , East Africa

Asaak Financial Services is a leading microfinance institution in Uganda, dedicated to providing financial products and services that enable individuals and small businesses to thrive, with a focus on underserved communities, especially women entrepreneurs. The company has earned a strong reputation for its customer-centric approach, innovative solutions, and its ability to create economic opportunities for its clients.

Asaak fosters a dynamic and supportive work culture that emphasizes professional development, inclusivity, and a sense of purpose, offering employees opportunities to contribute to positive social change. With its origins rooted in a desire to empower individuals through accessible financial services, Asaak has grown steadily, adapting its business model to leverage mobile technology for more efficient service delivery.

The company is recognized for its commitment to financial inclusion, with an expanding presence across Uganda, providing a wide range of products, including microloans, savings, and insurance services. Asaak’s core values include integrity, innovation, client empowerment, and social responsibility. The company’s CSR efforts focus on community development, financial literacy, and supporting women’s economic empowerment. For more details, visit their website at www.asaak.com.

Full-time

Deadline: 

2 Feb 2024

Credit Officers job at Asaak Financial Services

Asaak Financial Services

Job Description

Duties, Roles and Responsibilities

Qualifications, Education and Competencies

The Credit Officer will mobilize, appraise, disburse, monitor, and recover loans within their portfolio in line with the credit policies, procedures, and set targets.

See all details of the qualifications, competencies and education for this role under the "How to Apply" section below.

Find application details and links on the AfriCareers Jobs Portal:

  1. Click the Apply button below

  2. New users: Select Create Profile and complete the Profile Creation Wizard

  3. Existing users: Log in and update your profile if needed

  4. Go to the "Jobs" tab

  5. Read the detailed job description, Roles and Qualifications. 

  6. Submit your application via the jobs portal

  7. Track progress under "My Applications" tab

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Duties and Responsibilities:

  • The employee’s duties and responsibilities shall include but not be limited to:

  • Calling Asaak clients and encouraging them to repay their loans

  • Monitoring tracking devices in clients’ motorbikes and reporting suspicious behavior (including nights and weekends as needed)

  • Follow up on tracker removal and transfer of bike details

  • Update the resold bikes’ details and Name the new bikes in the tracking system.

  • Prepare and upload contracts into the AP

  • Disburse bikes to clients in line with approved disbursement lists as per company guidelines

  • Follow- up on insurance documents and ensure compensation of clients in line with insurance guidelines

  • Draft and disburse release letters to clients

  • Attend to and provide relevant information to clients at the office for restructures and impounded cases in line with company guidelines

  • Analyzing client loans within their respective portfolios and solving different client problems and complaints in line with company guidelines

  • Maintain a healthy portfolio under the assigned clients by initiating recovery actions for loans in default.

  • Contact clients and disburse 3rd party stickers

  • Follow up on clients to process permits and update permit list on disbursement days

  • Stay abreast of new types of loan products and other financial services and in order to better meet customers' needs.

  • Conducting field visits associated with recoveries and compliance, managing the assigned loan portfolio

  • Negotiate payment arrangements with customers who have delinquent loans.

  • Recommending repeat clients for new loans

  • Share weekly, bi-weekly and monthly reports in line with departmental guidelines.

  • Sensitise customers about Asaak loan products and services in line with the set targets.

Credit Officers job at Asaak Financial Services

SERVICES

COMMERCIAL

SERVICES

INDUSTRIAL

SERVICES

RESIDENTIAL

Person Specifications:

  • The job holder requires the following specifications:

  • Strong communication, interpersonal and analytical skills

  • Must possess excellent multi-tasking skills and ability.

  • Ability to work under pressure with minimum supervision

  • Ability to use a smartphone/computer and Google Applications is an advantage.

  • Must have a keen eye for detail

  • Ability to ride a motorcycle and possess a valid riding license with Class A will be an added advantage


Minimum Requirements:

  • Hold a minimum of a Bachelor’s degree in Business Administration, Marketing, Microfinance or other related field.

  • Have at least 1 year of working experience in Marketing, Collections, and Managing Credit portfolios

  • Prior experience as a loan officer is an advantage

  • Knowledge of Boda Boda financing is a plus.

Qualified applicants should send via e-mail their complete applications with a cover letter, curriculum vitae, copies of academic credentials and contact information for 3 professional references by Friday 2nd February 2024 by 5:00 pm addressed to
The HR & Administration office
Asaak Financial Services
careers@asaak.co

While we thank all applicants for showing interest, only short-listed candidates will be contacted for interviews.

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