Disbursement Officer

Key Duties and Responsibilities:

• Review and evaluate existing customer credit limits on a regular basis and disburse increases when appropriate levels, within company authorization levels.
• Time declarations of risk Margin and ensure payments are made timely upon receipt of Invoices.
• Ensure timely disbursement of loans (within TAT of 4 hours).
• Review Credit Quest approvals to ensure that all conditions and requirements precedent to disbursement are satisfied.
• Ensure proper maintenance of credit documentation registers and monitoring expiry dates of critical documents ensuring renewal or extension of expiry dates.
• Updating the lodged security details with renewed Insurance policies and vehicle trackers.
• Fast resolution of queries from the business and to ensure compliance with service standards as per SLA terms to support business growth.
• Ensure compliance with the bank’s policies, regulatory requirements, and the best practice in the monitoring & control process with a view of minimizing credit risk.
• Timely and updated reconciliation of loan suspense accounts.
• Any other duties that may be assigned.

Daily Responsibilities:

• Timely disbursement of loans approved.
• Resolving loan queries raised by the business units with reference to Manager Credit Administration Unit.
• Reviewing Credit Quest requests to ensure all conditions and requirements precedent to disbursement are satisfied.
• Daily closing of loans in Credit Quest that have been booked.
• Daily updating of renewed insurance policies for lodged securities.

Qualifications, Skills and Experience:

The applicant should have relevant qualifications

How to Apply:

If you believe you can clearly demonstrate your abilities to meet the criteria given above, please log in to our Recruitment portal and submit your application with a detailed CV.

CLICK HERE TO APPLY

Note: Qualified candidates with disability are encouraged to apply. Only short-listed candidates will be contacted.