MoneyMax Microfinance is inviting applications for the position of Loan Officer to join its Lending Department in Arusha. This full-time opportunity is ideal for finance, banking, and microfinance professionals who are passionate about supporting community development through responsible lending and effective portfolio management. The successful candidate will play an important role in underwriting, originating, closing, and monitoring the organization’s loan portfolio while ensuring compliance with lending policies and minimizing financial and legal risks.
Reporting to the Loan Officer Supervisor, the Loan Officer will work closely with the Financial Services Consultant, Loan Committee, and external financial partners to support MoneyMax’s mission of providing accessible financial services to communities in Arusha. This position offers a competitive salary, professional development opportunities, and the chance to build a rewarding career in the microfinance sector.
Responsibilities
- Respond promptly and professionally to loan and technical assistance inquiries.
- Build and maintain strong relationships with clients while promoting MoneyMax’s financial products and services.
- Conduct due diligence and comprehensive financial analysis of loan applications.
- Prepare credit memorandums and lending recommendations in accordance with established lending policies and programme guidelines.
- Coordinate and manage loan closing activities, including:
- Negotiating loan terms.
- Preparing commitment letters.
- Reviewing due diligence requirements.
- Ordering and reviewing loan documentation.
- Coordinating loan disbursements.
- Monitor borrower compliance with loan agreements and repayment obligations.
- Analyze financial statements and borrower reports to evaluate credit performance.
- Conduct site visits and collateral inspections where necessary.
- Perform loan risk assessments in accordance with MoneyMax’s lending policies.
- Maintain portfolio quality by monitoring repayments, deposits, recoveries, and charge-off activities.
- Maintain accurate borrower records for impact tracking, compliance, reporting, and internal or external audits.
- Recommend improvements to lending policies and procedures.
- Prepare portfolio performance reports for the Management Board.
- Attend Loan Committee meetings when required.
- Develop and maintain positive relationships with banks, credit unions, government agencies, community organizations, and other key stakeholders.
- Meet regularly with the Loan Officer Supervisor and submit requested reports.
- Participate in meetings, seminars, conferences, and training sessions to improve professional knowledge and skills.
- Perform any other duties assigned by the Loan Officer Supervisor.
Qualifications Required
- Bachelor’s degree in Accountancy, Microfinance, Business Administration, or a related field.
- One (1) to three (3) years of experience in business, finance, banking, lending, or microfinance.
- Proven experience in relationship development and client management.
- Strong written and verbal communication skills.
- Ability to prepare financial reports, executive summaries, and performance reports.
- Proficiency in Microsoft Office applications and financial management software.
- Willingness to undergo a background check, including a credit report.
- Willingness to provide a valid police clearance certificate.
Preferred Qualifications
- Excellent interpersonal and relationship-building skills.
- Ability to establish and maintain effective working relationships with financial institutions, government agencies, community organizations, and the public.
- Strong customer service and communication skills.
- Ability to work effectively with individuals from diverse backgrounds.
- Strong analytical, organizational, and problem-solving skills.
Eligibility Requirements
Applicants must:
- Be permanent residents of Arusha.
- Provide two referees with permanent addresses in Arusha.
- Complete the required referee form.
Compensation
- Monthly salary ranging from TZS 400,000 to TZS 450,000.
- Final salary will be determined based on the successful candidate’s qualifications, experience, and educational background.
How to Apply
Interested candidates should address their applications to:
Managing Director
MoneyMax
Arusha–Leganga (USA River)
Applicants must submit the following documents:
- Application cover letter.
- Updated Curriculum Vitae (CV).
- Academic and professional certificates.
- Testimonials.
Applications must be submitted by email only to: [email protected]
Application Deadline: 9 August 2026 at 12:00 noon
Applications submitted after the deadline may not be considered. Qualified candidates who meet the eligibility requirements are encouraged to apply early for this opportunity to join MoneyMax Microfinance and contribute to expanding financial inclusion and community development in Arusha.
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