SENCE is looking to hire Loan Administrator for one of its client. Sence is a reputable agency managed by Mrs ibok who doubled as the founder and CEO of SENCE. A lawyer and HR specialist with a passion for innovation and SMEs.
Roles and Responsibilities
The following are the roles and responsibilities of this role:
•Review all Loan documents prior to Funding
•Verification of Internal Credit Approvals and Loan Covenants
•Review, Certify and Safeguard all Collateral/Document Submission in accordance with RESOLUTION FINANCE LIMITED Loan operation policy/process manual
•Maintain Collateral Inventory and accurate accounting of all activities
•Identify and Register Loan Repayments ensuring correct application of Funds and summary ledger
•Maintain orderly physical Loan files with copies of critical documents justifying the entries in the loan accounts as well as correspondence with the borrowers and other departments within the RFL
•Prepare, on a regular basis, draft correspondence to Borrowers providing information on their arrears and sanctions position indicating their negative implication both on the Borrowers and RFL
•Verify the bi-monthly arrears position of Borrowers, and monitor system for prompt identification and processing of overdue loan repayments.
•Interest income recognition as well as other necessary accounting ledgers to be maintained.
•Perform other related duties as assigned
•Ability to communicate effectively
•B.sc degree in Business Administration, Accounting, Finance, Economics or equivalent experience;5+ years experience in financial industry. Professional qualification would be an added advantage
•Must be service oriented
•Good complex solving skills
•Time management skills
•Must be an active listener
•Strong judgment and decision making skills
Work experience 5-8years
Upper salary range Attractive