Background

Victoria Finance Plc (VFP) is a leading microfinance company in Tanzania. Established in 2009 and started operation in 2010. The company is a regulated microfinance institution dedicated to providing microfinance services to low and middle-income earners, women, and youths in Tanzania. The company currently has seven branches and one insurance broking subsidiary company – Victoria Insurance Brokers Limited which was established in 2017. Victoria Finance has established branches in Dar es Salaam, Morogoro, Iringa Mbeya and Dodoma with ability to serve smallholder farmers in more than thirteen regions through its digital agriculture products – Kilimo Pesa.

The Company is inviting applications from qualified, experienced and result-oriented professionals to fill the position of Credit Relationship Officer (2 posts).

Position Details

A Credit Relationship Officer is responsible for building and maintaining relationships with clients by assessing their creditworthiness, managing loan applications, providing financial advice, and monitoring loan portfolios while ensuring compliance with lending policies and regulations, essentially acting as a bridge between Victoria Finance and its borrowers to facilitate credit facilities while mitigating risks.

Key Responsibilities

• Actively identify new clients, understand their financial needs, and establish strong relationships to identify potential loan opportunities.
• Analyze financial statements, credit reports, and other relevant data to assess a client’s creditworthiness and determine loan eligibility.
• Identify potential credit risks, implement appropriate mitigation strategies, and monitor loan portfolios for early warning signs of delinquency
• Monitor existing loan accounts, track repayment schedules, and take necessary actions to manage delinquent loans.
• Maintain accurate records of loan transactions, prepare regular reports for management, and document all credit decisions

Qualifications and Experience

• Bachelor’s degree in finance, accounting, or related field
• Five years of experience in the banking or microfinance industry, preferably in credit analysis or relationship management.
• Proficiency in Microsoft Office Suite and office management tools.
• Strong analytical skills to evaluate financial data and assess credit risk

• Actively identify new clients, understand their financial needs, and establish strong relationships to identify potential loan opportunities.
• Analyze financial statements, credit reports, and other relevant data to assess a client’s creditworthiness and determine loan eligibility.
• Identify potential credit risks, implement appropriate mitigation strategies, and monitor loan portfolios for early warning signs of delinquency
• Monitor existing loan accounts, track repayment schedules, and take necessary actions to manage delinquent loans.
• Maintain accurate records of loan transactions, prepare regular reports for management, and document all credit decisions

• Proficiency in Microsoft Office Suite
• Proficiency in office management tools
• Strong analytical skills

• Bachelor’s degree in finance, accounting, or related field
• Five years of experience in the banking or microfinance industry, preferably in credit analysis or relationship management.