Credit Officer job at Bank of India

Summary
Date Posted: Monday, November 28, 2022 , Base Salary: Not Disclosed

JOB DETAILS:
Position: Credit Officer
Reporting to: Branch Manager

Job Responsibilities
• Prepare loan proposals and submit them to competent authority for recommendation / approval and disburse- ments on sanctioned terms and conditions
• Analyse applicants' financial status, credit and property evaluations to determine feasibility of granting loans.
• Explain to customers the different types of loans and credit options that are available, as well as the terms/ conditions of those services.
• Account opening, limits etc in system.
• Obtain and compile copies of loan applicants' credit histories, corporate financial statements, and other financial information.
• Liaise with Banks lawyers, valuers for fastest delivery of given work.
• Review and update credit and loan files.
• Conduct site visits on prospective /existing borrowers.
• Review and update credit and loan files.
• Monitoring loans.
• Conduct pre-sanction and post-sanction inspections and preparing its report.
• Portfolio management, monitoring of loans.
• Monitoring, guiding staff working under you.
• Monitoring & follow up of accounts for recoveries.
• Opening [Cs, Guarantees and Loan Accounts as per proposal/offer letter terms,
• Ensure relevant reports are timely prepared, accurate & submitted to pertinent Authorities.
• Follow up on post disbursement conditions for their
• closure.
• Collect all pertinent revenues say CRB fees, Guarantee /LC fees etc.
• Updation of insurance schedule of security in the sys- tem/Finacle

Qualification
The ideal candidate will have the following:
• Degree in a Business related field from a recognized In- stitution.
• One (1) year working experience as a credit officer in a reputable organization is a MUST.
• Ability to lead team
• A proven and extensive track record in credit from a fi- nancial institute.
• Highly organized person, with ability to multitask with ease.


Work Hours: 8

Experience in Months: 12

Level of Education: Bachelor Degree

Job application procedure
Suitable candidates should submit their applications along with their CVs in person to HR Department, Bank of India (U) Ltd, Head Office, Plot 37 Jinja Road next to National Water Offices, Kampala or email it to boiul.uganda@bankofindia.co.in  not later than by 5th December 2022 up to 2:00PM.

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