Business Officer at Bosak Microfinance Bank

Bosak Microfinance Bank Limited was incorporated in December 2009 with the objective of providing financial services to micro clients excluded from the mainstream financial system. The bank commenced operations in June 2010 after obtaining a Unit Microfinance Banking License from the Central Bank of Nigeria and later upgraded to a State Microfinance Banking License in 2016.

The bank focuses on financial inclusion by promoting a savings culture, providing access to credit for income-generating activities, and reducing vulnerability through micro insurance.

Its operations are driven by a group lending methodology with a strong focus on women, who account for more than 95% of its lending activities. The bank emphasizes group solidarity and cohesion as key drivers of success.

Bosak Microfinance Bank has established strategic partnerships with institutions such as the Bank of Industry (BOI) and the Development Bank of Nigeria (DBN). Through the use of modern technology, a committed Board of Directors, and dedicated employees, the bank has built a strong and widely accepted brand in Lagos and is currently expanding to deliver greater value to its stakeholders.

Bosak Microfinance Bank Limited is seeking a Business Officer responsible for evaluating loan applications, interacting with clients, and ensuring compliance with credit policies. The role involves assessing financial information, guiding applicants through loan processes, and maintaining accurate loan documentation while supporting overall portfolio performance.

• Approve loan applications within specified approval limits and escalate applications beyond limits to management for further approval.
• Meet with loan applicants to gather necessary information and address inquiries related to the loan application process.
• Analyze applicants’ financial status, credit history, and collateral or property valuations to assess loan feasibility.
• Explain available loan products, credit options, and applicable terms and conditions to customers.
• Obtain, verify, and compile applicants’ credit histories, financial statements, and other relevant documentation.
• Review, update, and maintain accurate credit and loan records in accordance with internal policies and regulatory requirements.
• Ensure full compliance with credit policies, risk management guidelines, and regulatory standards.
• Prepare and submit periodic reports on loan portfolio performance as required.

Requirements

• Candidates should possess an OND qualification.
• Minimum of 1 – 3 years of relevant work experience.

We offer the following Benefits

• HMO
• Constant Training and Development
• Leave & Passage Allowance
• 13th Month

Interested and qualified candidates should send their CV to: [email protected] using “Loan Officer” as the subject of the email.