Verification Officer

Mobilink Bank

Talagang, Pakistan

Full time

Mar 18

This job is no longer accepting applications.

Short Description

Job Type: Contractual

Job Experience: 3.00 years

Positions: 1

Posted On: Mar 16, 2021

Last Date: Mar 23, 2021

Job Description:

  • Responsibilities:
  • Post Disbursement Verifications of Loans disbursed during the preceding month.  The officer will do verification of 20% loan cases disbursed by the branch during previous (preceding) month. CMD will provide list of 20% borrowers disbursements made during a month and the officer will perform post verification of said borrowers on following parameters. Keeping in view the risk profile of concerned branch, the sample maybe increased by CMD.  To verify credit worthiness.  Reputation of customer.  Ensure the loan was utilized for the purpose it was taken off.  Repayment capacity of the Borrower.  Ensuring existence of borrower and guarantor & their businesses (economic activity) through verification of home & business addresses etc. and interacting with applicants / guarantors.  To assess whether borrowers and guarantor know & understand important loan terms, repayment amounts, due date of repayments and guarantee concept and their obligations in case of non-payment.  To identify any severe nature non-compliance during verifications.  Report regarding the field observations to be submitted to Credit Management Department on monthly basis so as to reach the report 10th of every month.  Pre verification of the borrower’s credentials on need basis when required by Credit Management Department (CMD), HO.  Responsible to ensure that before submission of loan application and documents for approval, the case is in compliance with the bank Credit Policy & Procedures and other guidelines circulated from time to time.  Responsible to ensure accuracy of data input made in credit MIS from source documents related to cash flow & Loan applications.  Ensure prevision/attachment of positive E-CIB report of the borrower with the case.  On the time of onboarding goldsmiths on the branch panel, VO to verify his credentials as per the banks policy.  Visit the Goldsmith on the Bank panel on quarterly basis and submit the report to CMD latest by 6th of the following month.  Submission of all verification MIS/reports as per prescribed format to CMD on monthly basis latest by 5th of the following month.  Verification of the prospective BB customers if the working within functional limit of the branch.  Any other assignments received from Manager Credit verifications.
  • Requirement:
  • Hold a Bachelor’s degree from a reputable Institution in the fields of Business Administration/Banking & Finance/ Agriculture/Economics/Accounts. Have 2-3 years of credit and / or operations related experience.
  •  Essential Skills:
  • Micro Finance Banking experience Proficient in MS Office Negotiation Skills Sound communication and interpersonal skills
  •  Desired Skills:
  • Excellent presentation skills. Ability to work under pressure.

Job Specifications:

  •  Academic Qualification:
  • Bachelor’s
  •  Area Of Specialization:
  • Credit compliance and field verification
  •  Computer Proficiency:
  • N/A
  •  Other Details/Skills:
  • N/A

Job Locations:

  •  Talagang Branch
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Mobilink Bank

MMBL is Pakistan's largest digital bank committed to bank the Unbanked through various products & services to promote financial inclusion for all.