Validity period: 16/09/2019 - 31/08/2019
Duty Station: Owerri , Imo , Nigeria
Position: Loan Processing Intern
Department: Operation

Job Description

FINCA Microfinance Bank Limited launched in 2014 with its headquarters in Imo State. From the beginning, the Microfinance institution has focused on providing loans to support small business development in the country. It also launched group and individual loan products and savings accounts during its first year of operation. FINCA Nigeria has steadily evolved to serve the needs of a growing national market. It expanded from its base in Imo State to new operations in Orlu, Mbaise and now has clients throughout the state. The institution offers a range of credit and savings products—in addition to credit and savings products, it now provides money transfers and insurance. FINCA Nigeria launched agency banking in 2016 through FINCA eXpress, a third-party service delivery model. FINCA eXpress agents are located where clients live and work, enabling them to access financial services without traveling long distances to the nearest branch. In addition to dispensing financial services, FINCA eXpress agents are equipped to provide financial literacy training. In 2019 the institution is implementing a mobile banking solution to reach more people with responsible finance. The solution is being developed for both USSD and app-based mobile users.

FINCA Nigeria is noted for its unrivaled capacity to provide impact-full financial services from access points throughout Nigeria. The institution is fulfilling the FINCA Impact Finance purpose of profitably and responsibly providing innovative and impact-full financial services to enable low-income individuals and communities to invest in their futures.

FINCA Nigeria seeks to recruit a Loan Processing Intern. This position is focused on individuals who are well organized and constantly pays attention to details. Additionally, the position are for talented candidate with the ability to leaner as quickly as possible on the knowledge of credit processing, loan adjustments, over-payment and savings transfer management, reconciliations and filling of documents.

The role reports to the Loan Processing Supervisor or as may be assigned.

KPI/Duties and Responsibilities. Other duties may be assigned

  • Responsible for posting loan applications as directed by the FINCA Nigeria loan Policy.
  • Ensure all applications are captured correctly and in a timely manner in the Bank’s Core Banking system and submitted to the respective supervisor.
  • Ensure sufficiency of collateral balances on client’s savings and attachment of collateral savings restrictions as per FINCA Nigeria Policy guidelines.
  • Responsible for the receipt of loan adjustments requests, analysis of such requests and subsequent preparation of Credit and Debit note adjustments to clear such loan amounts.
  • Responsible for accurate and timely posting of approved loan adjustment entries in the Core Banking system.
  • Responsible for the receipt of loan adjustments requests, analysis of such requests and subsequent preparation of Credit and Debit note adjustments to clear such loan amounts.
  • Responsible for the filing of the posted loans and ensure availability and retrieval of documents are easy and pass audit and compliance checks.
  1. OND in related field
  2. Ability to learn as quickly as possible
  3. Good use of Computer System and Knowledgeable with Microsoft Offices (Word, Excel and PowerPoint)
  4. Accuracy in executing task and ability of paying attention to details

Supervisory Responsibilities:

The Job is with no supervisory responsibilities.

To perform the job successfully, an individual should demonstrate the following competencies:

  • Ethics: Treats people with respect; Keeps commitments; inspire the trust of others; Works with integrity and ethically; Upload organizational values.
  • Problem Solving: Identifies and resolves problems in a timely manner.
  • Decision Maker: Manages difficult or emotional decision in any situations, responds promptly to the needs, and meets commitments.
  • Oral Communication: Speaks clearly and persuasively in positive or negative situations listens and gets clarification, responds well to questions.
  • Organizational Support: Follows policies and procedures; Completes administrative tasks correctly and on time.
  • Planning/Organizing: Prioritizes and plans work activities; Uses time effectively.
  • Professionalism: Approaches others in a tactful manner; Reacts well under pressure; Treats others with respect and consideration regardless of their status or position; Accepts responsibilities for own actions; Follows through on commitments.
  • Quantity: Meets productivity standards; Completes work in a timely manner; Strives to increase productivity; Works quickly.
  • Attendance/ Punctuality: Is consistently at work and on time; Ensures work responsibilities are covered when absent; Arrives at meetings and appointments on time.

Loan Processing Supervisor

Loan Officers

Customer Service Officer

Head Teller

Head of Banking Operations

Mode of Application:

Applicants are invited to submit their Curriculum Vitae (CVs) and Cover letter only for the position. The candidate should indicate the position title in the subject heading via e-mail to


20th September, 2019.