Trainee Loans, Recoveries and Collections Officer

Job Description

Applications are invited from suitably qualified candidates for the position of Trainee Loans, Recoveries and Collections Officer that has arisen within a microfinance institution. The position is based in Harare. The main responsibility of this role is business development in addition to the following;

Duties and Responsibilities

▪ The incumbent is expected to develop marketing plans and drive sales to meet production targets.
▪ Social media and digital marketing management.
▪ Communicate a thorough understanding of different loan programs and disclosing costs to help prospective clients make a decision.
▪ Collect and prepare all materials needed to secure a loan.
▪ Also responsible for reviewing loan applications and recommending action from superiors.
▪ Ensure loan repayments within agreed time lines.
▪ Provide management portfolio trend analysis on a regular basis and recommend measures to curb NPLs deterioration.
▪ Manage the impaired/bad book within the acceptable regulatory limits.
▪ Develop and maintain good rapport with other staff and clients.
▪ Conduct site visits to assess viability of customer projects and resolve queries with set deadlines.

Qualifications and Experience

Qualifications, Knowledge, Skills and Attributes
6 ‘Level passes including English Language and Mathematics and at least 3 ‘A’ level passes
A bachelor’s degree in Business Studies, Marketing, or similar field
Must be a recent graduate (at most 2 years)
Experience within a credit and or Risk management is an added advantage
Clean class 4 driver’s license
Strong communication and analytical skills

How to Apply

Applications including detailed CVs and proof of qualifications must be emailed to [email protected] clearly marked ‘Trainee LOANS Officer’ not later than 19 Dec 2023.

VacancyHQ Expert Job Listing Tips

Application Tips

  1. Alignment with Job Requirements: In my experience, a CV should mirror the capabilities required for the job. Make sure you highlight your skills in Business Studies, Marketing, or similar fields. *
  2. Highlight achievements and experience: Have you had any experience in credit or risk management? Even if minimal, indicate this on your CV. This is an added advantage.
  3. Communication and analytical skills: The hiring institution will appreciate evidence of your strong communication and analytical skills. Include examples from past jobs, internships, studies, or volunteer experiences.
  4. Recent Graduate: If you've graduated in the past two years, emphasise this in your CV. The organization is specifically looking for recent graduates.
  5. Valid Driver's License: The job requires a clean class 4 driver's license. Ensure to mention this in your CV if you possess it.

Areas of Note

  1. Application deadline: Applications must be submitted by December 19, 2023. Applicants must take note of this.
  2. Email Application: The job requires applications and supporting documents to be emailed to a specific address. Do not overlook the email submission process and the need to clearly mark the subject line.
  3. Clean class 4 driver’s license: This is a unique requirement you wouldn't usually find, so it's important to give it attention. Don't apply if you can't meet this criterion unless you can make a strong case for transportation alternatives.
  4. The job involves site visits, which could imply frequent traveling. Job seekers need to be comfortable with this aspect of the role.
  5. Fresh Graduates: Notice that recent graduates are targeted. This means there are employment opportunities in Zimbabwe for early-career professionals.

Standing Out

  1. Demonstrate capability: Show that you are already familiar with core responsibilities like loan program knowledge, resolving queries and driving sales to meet targets. This could make you stand out as a candidate who requires less training.
  2. Emphasise on Digital Marketing: Note the mention of social media and digital marketing – these are powerful tools in today's job market. By showcasing your skills in these, you can separate yourself from the crowd. This is especially relevant for job offers in Zimbabwe.
  3. Cultivating Relationships: Mention and provide examples of how you have developed and maintained good rapport with colleagues and clients in the past. This could be a game changer and set you apart as a desirable candidate for job vacancies in Zimbabwe.

Aspects Novice Applicants Might Miss

  1. Portfolio trend analysis: What I've noticed overtime, is that the necessity for trend analysis and recommendation of measures is often overlooked, yet it's fundamental in a role such as this.
  2. Detailed Application: Several novice candidates apply with so much enthusiasm, but tend to neglect the demand for detailed CVs and proof of qualifications. A thorough application can set competent candidates apart in vacancies in Zimbabwe.
  3. Role Scope Understanding: Often, applicants fail to grasp the depth of the role, which includes business development, marketing plans, loans and collections. It's crucial to demonstrate a full understanding of what the job entails, especially for jobs in Zimbabwe.
Ripple Capital Pvt Ltd logo

Location: Harare
Company: Ripple Capital Pvt Ltd
Expiry Date: 2023-12-19 00:00:00