Overview

Job Title: Credit Officer – 2 Positions

Job location: Dar es Salaam

WAT SACCOS (Women Advancement Trust, SACCOS)

 

A savings and credit cooperative society operating in the Dar es Salaam region is called WAT SACCOS. Giving members access to credit and savings is their primary business. There are over 22,000 members of it. The SACCOS is looking for credit officers to handle a variety of tasks and responsibilities, such as the following:

 

General responsibilities:

  • Works closely with members or clients.
  • Encourage the credit-related activity.
  • Help clients assess their credit requirements.
  • Oversees the loan application and approval process and ensures that loans are disbursed and collected on time.
  • Monitor the performance of the specified loan portfolio.
  • Give a recurring informational report or portfolio.

 

Particular responsibilities:

  • Determine and suggest credit activity areas in accordance with the business plan.
  • Locate and sign up fresh prospective members.
  • Survey the area.
  • Help prospective members complete loan application forms; this includes going to their place of employment, completing financial analysis forms, gathering baseline client data, and confirming guarantee information.
  • Examine loan applications and suggest to the SACCOS Management Committee which clients are creditworthy.
  • Disburse payments, get a signature on the contract, confirm previous conditions, and cement the relationship for loans that have been granted.
  • Client follow-up is important to guarantee the repayment process.
  • Form a SACCO by assigning prospective members (through the orientation process).
  • Streamline loan disbursement and collection.
  • Examine monthly collection updates to identify late payments as soon as possible.
  • To guarantee that the loan member’s portfolio contains no past-due loans.
  • Help the SACCO Manager plan the objectives and activities of the program.
  • When necessary, offer advice on member company development and management.
  • Prompt follow-up with the borrowers and retrieval of collateral in case of non-repayment.
  • To fulfill the monthly loan disbursement target set forth.
  • Fulfill any specified duties or tasks that the G. Manager of SACCOS assigns you.

 

Educational background and proficiencies:

  • A bachelor’s degree in business administration, marketing, accounting, finance, and economics.
  • Bachelor’s degree in accounting and cooperative management.
  • Strict adherence to the guidelines set forth by SACCOS.
  • Having worked in the appropriate field for at least two years will be advantageous.
  • Strong computer abilities, including use of Microsoft Office.
  • Capable of transferring data and analyzing financial records.

 

SALARY:

  • Is in accordance with the WAT SACCOS salary plan.

 

How to Submit an Application:

This is a full-time position; please submit your application to recruitment@watsaccos.or.tz.

WAT SACCOS LTD will only take email applications into consideration.

Date of closure: September 8, 2024

CHAIRPERSON OF WAT SACCOS LTD.

To apply for this job email your details to recruitment@watsaccos.or.tz.