Business Officer at Bosak Microfinance Bank (3 Openings)

Bosak Microfinance Bank Limited was incorporated in December 2009 with the business objective of providing financial service to micro clients who were excluded from the mainstream financial system. It commenced operations in June 2010 upon obtaining a Unit Microfinance Banking License from the Central Bank of Nigeria. It later obtained a State Microfinance Banking License in 2016.

Bosak Microfinance Bank Limited’s financial inclusion effort focuses on promoting savings culture, access to credit facilities for income-generation purposes and reducing vulnerability to risk through micro insurance.

The Bank’s major strategic focus employs the group lending methodology in its operations with a leaning towards women. It believes in the commitment of women folk to work hard and help their families conquer poverty. As such, more than 95% of the Bank’s lending activities focuses on women. The success of the bank’s group lending activities largely depends on group solidarity and cohesion.

The success recorded by the bank in its lending program has earned it strategic partnership with the Bank of Industry (BOI) and the Development Bank of Nigeria (DBN) among others.

The combination of cutting-edge technology, a strong and committed Board of Directors and motivated employees has helped the Bank to create a brand widely accepted by its teeming clients in Lagos. It is now expanding its frontiers in a scaling program aimed at delivering improved value to its stakeholders.

We are recruiting to fill the position below:

Job Title: Business Officer

Locations: Agege, Mowe & Ogba, Lagos
Employment Type: Full-time

Job Summary

• Approve loan applications within specified approval limits and refer applications outside approved limits to management for further approval.
• Meet with loan applicants to obtain required information and respond to inquiries regarding the loan application process.
• Analyze applicants’ financial status, credit history, and collateral/property valuations to determine loan feasibility.
• Explain available loan products, credit options, and applicable terms and conditions to customers.
• Obtain, verify, and compile loan applicants’ credit histories, corporate financial statements, and other relevant financial documentation.
• Review, update, and maintain accurate credit and loan files in line with internal policies and regulatory requirements.
• Ensure compliance with credit policies, risk management guidelines, and regulatory standards.
• Provide periodic reports on loan portfolio performance as required.

Why Work with Bosak Microfinance Bank Limited?

• If you desire to work in an organization where employee motivation is key and passion is rewarded, then Bosak MFB might be the place for you.
• We are committed to building an open and rewarding work environment where all employees have equal opportunities for growth to realize their full potential.
• Our remuneration and employee welfare packages are among the best in the industry.

We offer the following Benefits

• Salary: N100,000 – N140,000 Monthly.
• HMO
• Constant Training and Development
• Leave & Passage Allowance
• 13th Month.

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should send their CV to: recruitment@bosakmfb.com using the job title as the subject of the email.