CREDIT CONSULTANT

Job description

VACANCY ANNOUNCEMENT @ FINANCERITE LIMITEDPOSITION: CREDIT CONSULTANTLocation: Lilongwe OVERVIEWFinanceRite Limited, a duly registered financial institution, invites applications from suitably qualified and experienced Malawians for the position of Credit Consultant, based in Lumbadzi, Lilongwe.The successful candidate will identify and acquire creditworthy clients, appraise and process loan applications, facilitate loan disbursements, manage the loan portfolio, and ensure timely and full recovery of loans.The role requires strong credit management skills, particularly in loan recoveries, portfolio quality management and client relationship management.JOB TYPE: Full TimeDate Posted: Wednesday, 11th November 2026Application Deadline: Friday, 13th November 2026Duty Station: Lumbadzi, LilongwePOSITION: CREDIT CONSULTANTJOB SUMMARYThe Credit Consultant will promote FinanceRite's loan products, identify potential clients, assess creditworthiness, process loan applications, monitor repayment performance, and manage loan recoveries.The successful candidate will also support group lending activities, maintain accurate client records, and ensure compliance with the company's credit policies and operational procedures.DUTIES AND KEY RESPONSIBILITIES1. Marketing and Client AcquisitionMarket and promote FinanceRite's loan products to prospective individuals, groups and businesses.Identify and recruit potential clients while building and maintaining a sustainable client base.Maintain regular contact with clients and identify opportunities for repeat business.2. Loan Appraisal and DisbursementConduct client interviews, field visits and business assessments to establish creditworthiness and repayment capacity.Appraise loan applications and analyse financial information.Make appropriate credit recommendations in accordance with the company's credit policies.Facilitate loan processing, approval and disbursement in line with established procedures.3. Group Lending and Client SupportFacilitate group formation, training and ongoing support under the group lending methodology.Maintain positive relationships with clients and provide appropriate support throughout the loan cycle.4. Portfolio Monitoring and Loan RecoveryMonitor loan portfolios and track repayment performance to maintain good portfolio quality.Actively manage loan recoveries, including following up overdue accounts, conducting field collections, negotiating repayment arrangements and implementing appropriate recovery strategies.Ensure timely repayment and full recovery of loans disbursed.Minimise portfolio at risk and loan losses.5. Documentation and ComplianceMaintain accurate client records, loan documentation and portfolio reports.Comply with the company's credit policies, operational procedures and applicable regulatory requirements.Perform any other duties assigned by Management.KEY REQUIREMENTSAcademic QualificationsApplicants must possess:A minimum of a Diploma in Business Administration, Accounting, Finance, Agribusiness Management, Microfinance or another relevant field.Professional ExperienceApplicants must demonstrate:At least three (3) years of relevant experience in microfinance, lending, credit management or a related financial services environment.Practical experience in loan recoveries and management of overdue loan accounts. This is essential.Proven experience in loan appraisal, disbursement, portfolio monitoring and client relationship management.Experience in field-based lending and group lending methodologies will be an added advantage.TECHNICAL SKILLS AND COMPETENCIESThe ideal candidate should demonstrate:Strong loan recovery, negotiation and client follow-up skills.Good credit appraisal and financial analysis skills.Ability to manage a loan portfolio and achieve measurable recovery and portfolio quality targets.Computer literacy and ability to use loan management systems.Strong communication and customer relationship-management skills.PERSONAL ATTRIBUTESThe successful candidate should demonstrate:High levels of integrity, accountability and confidentiality.Ability to work independently and meet deadlines.A results-oriented approach and commitment to achieving performance targets.Professionalism and good interpersonal skills.ADDITIONAL REQUIREMENTA valid motorcycle driving licence (Code A) is mandatory.HOW TO APPLYInterested and qualified candidates should submit the following documents:An updated Curriculum Vitae (CV).Copies of relevant academic and professional qualifications.A copy of a valid motorcycle driving licence.Applicants should indicate their application for the Credit Consultant – Lumbadzi position.Applications should be submitted by email to:Email: info@financerite.co.mwAlternatively, applications may be delivered to:FinanceRite LimitedUnit FF38, Alliance MallLilongwe, Malawi.Applications should be addressed to:The Chief Executive OfficerFinanceRite LimitedP.O. Box 30044Lilongwe, Malawi.Important: Applicants must state their expected salary in their application.Closing Date: Friday, 13th November 2026Only shortlisted candidates will be contacted.

Requirements

Apply by email: info@financerite.co.mw