LOLC Finance Zambia Limited is a registered Deposit taking Non-Bank Financial Institution with a Housing Finance License. The Company currently operates from eleven locations, namely Head Office in Lusaka, Main Branch in Central Lusaka, Kitwe, Solwezi, Chingola, Ndola, Kalumbila, Kabwe, Chipata, Mansa, Choma, Livingstone and Mongu.

LOLC Finance Zambia Limited is a subsidiary of LOLC Holdings Plc which is the largest diversified and most profitable Group in Sri Lanka and is listed on the Colombo Stock 66Exchange. The Group has a presence in over twenty-five countries worldwide including nine countries in Africa.

To support the LOLC Finance Zambia vision, we are recruiting qualified and experienced individuals for the following position:

1. CREDIT ANALYST x 1 – LUSAKA

Credit Analyst will be responsible for the set-up committees. He / She will be accountable for all credit activities, which involve credit underwriting, credit assessment, client visits for all loans and approvals through Credit Committees. The CA will in addition, be responsible for the set-up of the Credit Administration. The role will also give support to recoveries, legal, training and staff development.

Job Responsibilities:

i. Provide credit evaluation services for Loans and credit approvals through Credit Committees.

ii. Coordinate all credit, legal and internal control proceedings.

iii. Identify root causes of defaults and make recommendations for process improvement as and when appropriate.

iv. Identify early warning signs in credits which may be problematic to ensure that risks are mitigated.

v. Liaise with the BMs to report on progress and to discuss credit issues that may need alignment.

vi. Work with legal to ensure all loans submitted are sent to legal for collateral management.

vii. Develop and amend new templates for use in the branches for loans

viii. In liaison with legal, review and upgrade security documentation. Ensure the branches use the new / applicable documentation within the cluster.

ix. Assist Credit Manager in managing Credit Risks through annual collateral inspections, site visits and registration of movable assets. (The CA must ensure that all details are included in the credit application)

x. Safekeeping of security documentation (must be one of the custodians), Credit File maintenance.

xi. Provide Credit Training and support to Recovery Officers and Account Relationship Officers

xii. Monitor Loan exposure and enforce compliance with covenants such as expiry of insurance cover notes, monthly council rates, turnover covenants.

xiii. Prepare inputs for monthly statutory report such as Bank of Zambia reports.

xiv. All other duties and responsibilities as determined by Management and Credit Manager.

Qualifications & Experience

i. Full Grade 12 certificate with credit or better in Mathematics and English

ii. A tertiary qualification (Banking, ZICA, CA, CIMA, ACCA or Business-related course)

iii. At least 4 years of general experience in financial lending with 2 years as credit analyst.

iv. Computer literate is essential (Word, Excel and PowerPoint)

v. Excellent interpersonal relationship skills

2.     CREDIT ADMINISTRATION – SUBMISSIONS x1 – LUSAKA

Job Responsibilities

i. Monthly submissions of credit life assurance premium to the insurer and reconciliation of all loans disbursed for that period

ii. Monthly submission of motor vehicle insurance premiums and reconciliation of all loans disbursed for that period.

iii. Accurate Submission of loans to Employers as per MOU & Company Policy (100% submission of all loan book Loans)

iv. On-time submission & Reconciliation of the Submissions done (Submissions before Cut Off Dates.)

v. Resolve Issues regarding Wrong Deductions, Over Deductions & Non-Deductions. (Timely rectifying before the next submission date.)

vi. Reconciliation of Employer accounts, Individual account statements and Loan Book.

vii. Respond to customer queries both internal and external on disputed balances (Resolving queries immediately)

viii. Provide inputs for monthly reports on receipted amounts for different levels of reporting needs.

ix. Ensure 100% collection efficiency for all payroll loan deductions.

x. Follow up with Employers for overdue payments.

xi. Act as the liaison with employers and provide loan deduction schedules within 5 days of the employer running the payroll.

xii. Submissions of all Off-payroll, Partial payroll recovery and non-recovery loans via DDACC.

xiii. Ensure 100% DDACC Collection efficiency.

xiv. Act as the liaison with Banks and provide collection schedules.

Qualifications

i. Full Grade 12 certificate with credit or better in Mathematics and English

ii. A tertiary qualification (Banking, ZICA, CA, CIMA, ACCA or Business-related course)

iii. At least 2 years of general experience in financial lending with 1 years’ experience in submissions and collection of loans to end-users.

iv. Computer literate is essential (Word, Excel and PowerPoint)

v. Excellent interpersonal relationship skills

Please clearly indicate the job title in the subject of your email and use your full name and the job you are applying for as the filename of your application for example, Sales Consultant_Alex_Banda. Applications should consist of your CV and Academic Qualifications. Hand delivered or posted applications will not be accepted. The closing date for accepting applications is 22 May, 2024. Only short-listed candidates will be contacted.

Kindly submit your details to hr@lolczambia.com