Assistant Credit Officer - UTT Microfinance Plc (UTT-MFI)

The UTT Microfinance Plc (UTT-MFI) is a public financial institution promoted  by the Government of the United Republic of Tanzania,  under the ambit of the Ministry of Finance. The UTT MFI which commenced its business operations on 1st July, 2013; was incorporated on 28th June, 2013 as a public company limited by shares under the Companies Act (Cap 212), to implement Government policies on the matters relating  to economic empowerment of the majority middle and low income Tanzanians. UTT MFI came into being as a result of the reorganization of Unit Trust of Tanzania (UTT) into three functional and independent companies.

The vision of UTT-MFI is "To be the leading Microfinance provider of quality and inclusive financial services in Tanzania"; while its  Mission is "To provide a sustainable and inclusive customer focused financial services network in Tanzania, thereby stimulating economic growth and empowerment using appropriate technology in a professional and ethical environment."

The UTT Microfinance Plc now invites qualified, competent and energetic Tanzanians with outstanding work ethics and integrity to apply for the following vacant positions:

1. Job Title: Assistant Credit Officer

Ref No. UTT-MFI/ACO/0115/07-09

1.1 Reports to: Branch In-charge

1.2 Job Summary:

Ensuring error free disbursement of loans to members in line with the approved UTT MFI credit policies and procedures. Meeting with members, evaluating their applications, advising them transparently about the details of UTT-MFI products and services, recruit clients/members, finalize loan applications and supervising loan collections and loan recoveries.

1.3 Key duties and responsibilities:

i. Meet with members/loan applicants,  receive loan applications and respond to inquiries in respect to products features, loan eligibility, and application processes;  

ii. Prepare loan application and submit it to the Branch Loan Management Committee for further action;

iii. Perform loan orientation to members and sell the existing products and services to prospective members;

iv. Compiles business information, analyze and provide recommendations; this  includes  applicants' financial status, credit, and property evaluation to determine feasibility for granting loans; Explain to prospective members and the general public the various types of products, services and credit options that are available, as well as the applicable terms and conditions;

v. Explain to customers the different types of products, loans and credit options that are available, as well as the applicable terms and conditions;

vi. Monitors issuance of loans and ensure fully recovery;

vii. Review and update credit and loan  collection book;

viii. Review loan agreements to ensure that they are  complete and accurate according to applicable policies;

ix. Handle members complaints and take appropriate action to resolve them;

x. In conjunction with senior managers; recommend review and updates of products, credit policies, procedures and standards;

xi. Encourage each group to establish the yearly goal and ways to achieve them;

xii. Provide loan and saving development training to the UTT MFI members;

xiii. Performs any other duties as would be assigned by supervisor/senior officers from time to time.

1.4 Qualifications and Experience:

National Form VI certificate with Ordinary Diploma, Business Administration, Banking, Accountancy, Economics, Community Development   or Insurance.

1.      General Conditions:

a)      All the above positions carry an attractive remunerations package;

b)      Entry point will depend on a candidate's qualifications and experience.

2.      Mode of Application:

Ø  All interested persons are required to apply attaching to their applications current Curriculum Vitae (CV), copies of academic certificates & transcript; including names and full communication addresses (including contact phone numbers) of three referees who can testify to the applicant's academic abilities, working experience and character.

Ø  Please send your applications in an envelope clearly marked as "Application for employment at UTT-MFI", quoting the relevant job reference number such that the same reaches not later than 5.00 p.m. on Monday, 23^rd February, 2015 to the following address:-

The Chief Executive Officer

UTT Microfinance Plc,

Sukari House, Ground Floor,

Sokoine Drive/Ohio Street,

P. O. Box 5474,

Dar es Salaam.

Note:  

a.      UTT-MFI is an equal opportunity employer. Candidates from disempowered group are encouraged to apply;

b.      Only short listed candidates will be contacted;

c.       Hand delivered applications will not be accepted;

d.      Applicants are warned not to make phone calls, physical or e-mail enquiries other than applying through the mode outlined above.  Any such breach will result in immediate disqualification.