SME LOAN OFFICER AT SPECTRUM MICROFINANCE BANK | SME LOAN OFFICER JOBS IN LAGOS

About Company:

Spectrum Microfinance Bank is a customer-centric retail financial institution driven by technology; licensed by the Central Bank of Nigeria (CBN) to support economic growth and development through microfinancing. Spectrum Microfinance Bank offers savings, loan, and investment opportunities to a wide range of customers with the aim of creating self-sufficient individuals and sustainable businesses

Job Description:

We are a reputable Microfinance Bank seeking a highly motivated and results-driven SME Loan Officer to spearhead our business growth. In this role, you will be responsible for the end-to-end lifecycle of SME lending—from strategic client acquisition and rigorous credit analysis to proactive portfolio management. You will serve as a strategic partner to small and medium enterprises, structuring financial solutions that foster their growth while maintaining the bank’s asset quality.

The ideal candidate is a proactive "hunter" for new business who possesses the analytical discipline to assess risk accurately and manage a healthy loan book.

Requirements:

Business Development & Client Acquisition

• Strategic Sourcing: Identify and onboard high-potential SME clients through targeted marketing and business development initiatives.

• Relationship Management: Build and sustain long-term relationships with business owners to ensure high retention rates and identify cross-selling opportunities.

• Loan Structuring: Assess unique business needs and structure bespoke loan solutions that align with the client’s cash flow and growth objectives.

Credit Analysis & Risk Assessment

• Financial Evaluation: Conduct in-depth financial analysis, including the review of financial statements, cash flow patterns, and business viability.

• Field Inspections: Perform mandatory site visits to verify business existence, operational scale, and collateral value.

• Credit Proposals: Prepare detailed credit memos and present them to the Credit Committee for approval, ensuring alignment with internal risk policies.

Portfolio Management & Compliance

• Performance Monitoring: Track the performance of all disbursed loans to ensure timely repayments and identify early warning signs of default.

• Delinquency Management: Lead recovery efforts for delinquent accounts and implement strategies to minimize the Portfolio at Risk (PAR).

• Regulatory Adherence: Ensure all client files meet KYC (Know Your Customer), AML (Anti-Money Laundering), and other central bank regulatory requirements.

Qualifications and Skills:

• Education: Bachelor’s degree in Finance, Business Administration, Economics, or a related field.

• Experience:

  • 3–5 years of experience specifically in SME lending, credit analysis, or commercial banking.

  • Proven track record of managing a significant loan portfolio and meeting disbursement targets.

• Core Competencies:

  • Credit Mastery: Strong ability to interpret financial statements and assess credit risk.

  • Negotiation: Excellent sales and negotiation skills to win business in a competitive market.

  • Communication: Highly professional verbal and written communication skills.

  • Integrity: Unwavering commitment to ethical banking practices and data accuracy.

Salary

Application Closing Date: Not specified

Application Instructions:

Interested and qualified candidates should send their CV to: careers@spectrummfb.com using the Job Position as the subject of the mail.