Company: Regent Microfinance Bank Ltd
Job Title: Micro Credit Loan Officer
Location: Abuja, Federal Capital Territory, Nigeria
Job Type: Full-time
Work Mode: On-site
Experience: 1–3 years in microcredit, loan processing or a related role
Company Overview
Regent Microfinance Bank Ltd is a Nigerian financial institution established in July 2014 to provide quality banking services to micro and small enterprises, economic groups and low-income individuals. Privately owned by Nigerian citizens from diverse professional and ethnic backgrounds, the bank provides loans and value-added financial services to micro, small and medium-sized enterprises (MSMEs), individuals, groups and civil servants.
With a growing customer base and expanding branch network across Abuja, Regent Microfinance Bank continues to provide financial solutions that support businesses, individuals and economic activities within its target communities.
Job Summary
Regent Microfinance Bank is seeking a qualified and results-oriented Micro Credit Loan Officer to join its team in Abuja. The successful candidate will be responsible for sourcing and onboarding prospective borrowers, assessing loan applications, evaluating creditworthiness and monitoring loan repayments to maintain a healthy loan portfolio.
The role requires a good understanding of micro-lending, credit analysis, risk assessment and customer relationship management. The successful candidate will also promote the bank’s financial products, develop relationships with clients and businesses, and contribute to loan growth and recovery targets.
Key Responsibilities
- Identify, source and onboard prospective clients for microcredit loans, including individuals, small business owners, traders and other eligible borrowers.
- Evaluate loan applications and conduct credit appraisals to determine applicants’ eligibility and repayment capacity.
- Assess the financial position, business operations, cash flow and creditworthiness of prospective borrowers to identify potential lending risks.
- Verify client information and ensure that all loan applications are supported by accurate and complete documentation.
- Process loan applications and maintain proper records of approvals, disbursements and other credit-related transactions.
- Monitor loan utilisation to ensure that funds are applied to their intended purposes and in accordance with the bank’s lending policies.
- Follow up with borrowers on repayment schedules and take appropriate steps to minimise late payments and loan defaults.
- Build and maintain strong relationships with clients to improve customer satisfaction, retention and repeat business.
- Collaborate with the credit and recovery teams to manage overdue accounts, resolve repayment challenges and improve loan recovery performance.
- Promote the bank’s loan products and other financial services to existing and prospective customers.
- Conduct market outreach to identify new business opportunities and expand the bank’s customer base.
- Prepare periodic reports on loan performance, repayment trends, client feedback and portfolio quality.
- Maintain accurate and up-to-date customer records while ensuring compliance with the bank’s credit policies and applicable regulatory requirements.
- Contribute to the achievement of loan disbursement, customer acquisition, account marketing and repayment targets.
Requirements and Qualifications
Interested candidates should meet the following requirements:
- A minimum of an OND, HND or Bachelor’s degree in Finance, Banking, Economics, Business Administration or a related discipline.
- At least 1–3 years of relevant experience in microcredit, loan processing or a similar role, preferably within a microfinance bank or other financial institution.
- A strong understanding of micro-lending principles, credit analysis, loan appraisal and risk management.
- Practical knowledge of loan documentation, repayment monitoring and credit recovery processes.
- Excellent communication, negotiation and interpersonal skills.
- Good knowledge of local markets and communities, with the ability to identify prospective borrowers and business opportunities.
- Proficiency in Microsoft Office applications, particularly Excel and Word, as well as PowerPoint.
- Strong analytical, reporting and problem-solving skills.
- High levels of integrity, attention to detail and accountability.
- Ability to work independently, manage competing priorities and deliver results with minimal supervision.
Preferred Skills
Candidates with the following skills will have an added advantage:
- Customer relationship management and client retention.
- Sales, account marketing and target-oriented business development.
- Experience in business loans and microfinance lending.
- Credit analysis, financial assessment and risk evaluation.
- Loan portfolio monitoring and recovery.
- Analytical reporting and data interpretation.
- Effective decision-making and problem-solving.
- Ability to identify new customers and develop sustainable lending relationships.
Additional Requirements Specified by the Employer
The job poster has highlighted the following additional requirements:
- Bachelor’s degree.
- At least two years of banking experience.
- At least two years of work experience in account marketing.
- At least two years of work experience in business loans.
Candidates should ensure that their CVs clearly demonstrate relevant banking, account marketing and business lending experience where applicable.
What the Bank Offers
Regent Microfinance Bank offers the following benefits to successful candidates:
- Competitive compensation and performance-based incentives.
- Continuous learning and professional development opportunities.
- A supportive and innovative working environment.
- Opportunities for career advancement and professional growth within the bank.
How to Apply
Interested and qualified candidates should send their CVs to [email protected].
Use Micro Credit Loan Officer as the subject of the email.
Applicants are encouraged to ensure that their CVs clearly highlight their relevant banking experience, credit assessment skills, account marketing experience and knowledge of business loans.
Application Closing Date: Not Specified