About Company
Alliance Financial Services Limited (AFS) is a leading financial institution in Jamaica, dedicated to empowering individuals and small businesses through accessible financial solutions. For over two decades, AFS has been a cornerstone in the microfinance and remittance sectors, building strong relationships within communities by understanding their unique financial needs. We pride ourselves on fostering financial inclusion, offering a diverse range of products including micro-loans, business loans, and convenient payment services. Our mission is to provide efficient, reliable, and customer-centric financial services that drive economic growth and improve livelihoods across Jamaica. Join a team where your work directly impacts the financial well-being of countless individuals and contributes to the nation’s development.
Job Description
Alliance Financial Services Limited is seeking a dynamic and results-driven Loan Officer specializing in microfinance and lending to join our vibrant team in Kingston. This pivotal role involves actively identifying, acquiring, and nurturing relationships with clients seeking financial assistance to grow their businesses or manage personal finances. As a Loan Officer, you will be at the forefront of our mission, assessing loan applications, conducting thorough due diligence, and structuring loan packages that align with both client needs and company risk parameters.
You will be responsible for a complete loan cycle, from initial client engagement and financial analysis to loan disbursement and ongoing portfolio management. A deep understanding of the Jamaican microfinance landscape, excellent interpersonal skills, and a commitment to customer service are paramount. This position requires someone who is not only adept at financial analysis but also passionate about building trust and offering sound financial advice to diverse clientele. If you are a proactive professional with a keen eye for detail, a strong ethical compass, and a desire to make a tangible difference in people’s lives by facilitating their access to finance, we encourage you to apply. This is an exciting opportunity to contribute to a growing organization and help individuals and small enterprises achieve their financial aspirations.
Key Responsibilities
- Source, assess, and process loan applications from individuals and micro, small, and medium-sized enterprises (MSMEs).
- Conduct comprehensive financial analysis, credit checks, and risk assessments for all loan applicants.
- Structure appropriate loan products, terms, and repayment schedules tailored to client needs and company policies.
- Monitor and manage a loan portfolio, ensuring timely repayments and proactively addressing any delinquencies.
- Maintain strong client relationships through regular communication and follow-up, providing financial advice and support.
- Prepare and present loan proposals to the credit committee for approval, ensuring accuracy and completeness.
- Stay updated on market trends, competitor activities, and regulatory changes within the microfinance sector.
- Participate in community outreach and marketing initiatives to promote AFS's lending products and services.
- Ensure strict adherence to company policies, procedures, and relevant regulatory guidelines.
- Prepare periodic reports on loan portfolio performance, client acquisition, and market insights.
Required Skills
- Minimum of 3 years of experience in lending, microfinance, or credit assessment.
- Proven ability to analyze financial statements and conduct credit risk evaluations.
- Excellent communication, negotiation, and interpersonal skills.
- Strong sales and customer relationship management abilities.
- Proficiency in Microsoft Office Suite, especially Excel.
- Ability to work independently and as part of a team in a fast-paced environment.
- Valid driver's license and access to a reliable vehicle.
Preferred Qualifications
- Bachelor's degree in Finance, Banking, Business Administration, Economics, or a related field.
- Experience with relevant loan management software and CRM systems.
- Existing network within the MSME community in Kingston and surrounding areas.
- Knowledge of Jamaican financial regulations and lending best practices.
Perks & Benefits
- Competitive salary and performance-based incentives.
- Comprehensive health and life insurance benefits.
- Retirement savings plan.
- Opportunities for professional development and career advancement.
- Supportive and collaborative work environment.
- Employee assistance program.
How to Apply
Interested candidates who meet the above criteria are invited to click on the application link below to apply for this exciting opportunity. Please ensure your resume highlights your relevant experience in microfinance and lending.