Vacancies for Loan Officers at RENEW Microfinance

RENEW Microfinance, Bhutan’s largest and fastest-growing FDI Microfinance Institution (MFI), is at the forefront of empowering communities and fostering economic growth. With a stellar track record of success, we are poised for even greater achievements in the years ahead. We are on the lookout for talented individuals who are dedicated to shaping their future with a forward-thinking company.

At RENEW Microfinance, we offer a vibrant platform for professional development and growth, accompanied by a competitive salary and benefits package.

However, if you have aspirations of going abroad or frequently changing jobs within the country, we kindly request you to refrain from submitting your application.

Current Job Openings:

Position: Loan Officer (Operations Department) Placement: Mongar & Samdrup Jongkhar (Branch Office) Slots: 2

Marks Criteria: Class XII pass certificate (General) with a minimum of 55% aggregate (aggregate of English and three best subjects)

How to Apply: Interested candidates who meet the above criteria are invited to apply online through this link and submit their applications no later than 30th April 2024 before 5 PM. Ensure to include the following required documents:

Curriculum Vitae
Marksheets and Pass Certificates of class X and XII
Copy of Citizenship ID Card
Security Clearance Certificate (approved online)
Medical Fitness Certificate

Please note that applications lacking any of the specified documents, whether in part or whole and not clearly scanned, will be rejected without citing any reasons.

Shortlisted candidates will be notified of the interview date, time, and venue via the RMF website. RENEW Microfinance will not be responsible if any candidates fail to appear for the interview on the announced dates.

For further inquiries, please contact Ms. Tshering Choden, HR Officer, RENEW MFI, at 17884148.

Overall Job Description:

The Loan Officer plays a pivotal role in assisting the Branch Officer in the daily operations at the Branch. Key responsibilities include disbursing quality loans, following up on defaulting clients, and providing daily reports to the Head Office.

Specific Duties and Responsibilities:

Conduct initial meetings in villages and communities with RENEW Volunteers, Gups, Magmis, and Tsogpas, alongside the branch officer.

Identify and validate potential target members for RENEW MFP.

Collect monthly loan repayments and savings contributions, providing the branch officer with the collection sheet.

Visit 10% of loan customers monthly if the remaining loan duration exceeds 12 months and the balance is over Nu. 50,000. For loans considered doubtful or loss with an outstanding balance exceeding Nu. 10,000, visit 25% of loan customers.

Keep the branch officer updated about changing member information.

Conduct training sessions for members on RENEW MFP procedures, regulations, and policies.

Assist Branch Officers in addressing and solving problems.

Submit all relevant RENEW Microfinance forms to the branch officer.

Prepare and disburse loans with branch officer approval, ensuring proper utilization.

Check and sign offline receipts during center meetings regarding savings, loans, and interests.

Assist the Chief Operations Officer and branch officer in organizing review meetings.

Act as an officiating Branch Officer (selected by the Branch Officer) in their absence.

Perform other assignments as required by the Operations department, RENEW MFPL.

Qualification & Experience Requirement: