Senior Microfinance Credit Officer Job Vacancy in Balaka, Malawi – Microfinance & Financial Inclusion

Job Description

Position: Senior Microfinance Credit Officer

Company: FINCA Malawi

Location: Balaka, Malawi

Experience: 5 Years

Education: Bachelor’s Degree in Finance, Economics, or Business Administration

Employment Type: Full-time

Industry: Microfinance & Financial Inclusion

Department: Credit Operations

Salary: 450,000 – 750,000 SSP

Vacancies: 1

Company Overview

FINCA Malawi is a leading institution dedicated to providing financial services to low-income individuals and small businesses. As part of a global network, we focus on empowering communities through accessible credit, savings, and financial literacy programs. Our mission is to foster economic growth by providing the tools necessary for entrepreneurship and financial independence. We pride ourselves on our community-centric approach, ensuring that every financial product we offer is designed to meet the unique needs of the Malawian market. When looking for career opportunities in Malawi, professionals seek organizations that combine social impact with financial stability, and FINCA Malawi stands at the forefront of this intersection. We are committed to ethical banking practices and sustainable development across the region.

For more information regarding our organizational mission, please visit https://malawijobsearch.com.

Job Overview

We are currently seeking a highly skilled and motivated Senior Microfinance Credit Officer to join our growing team in Balaka. This role is critical to our mission of expanding financial inclusion in the southern region. The successful candidate will be responsible for managing a diverse portfolio of micro-loans, conducting rigorous credit assessments, and ensuring high repayment rates through proactive client relationship management. This is a high-impact position that requires a deep understanding of local market dynamics and the ability to evaluate the creditworthiness of small-scale entrepreneurs. As we continue our hiring in Malawi, we are looking for a leader who can mentor junior officers and contribute to the strategic development of our credit policies. This job vacancy in Malawi offers a unique chance to drive real economic change at the grassroots level.

Key Responsibilities

• Conduct comprehensive credit appraisals and risk assessments for micro-entrepreneurs and small businesses.
• Manage and monitor a high-volume loan portfolio to ensure minimal delinquency and high recovery rates.
• Provide financial advisory services and business training to clients to improve their repayment capacity.
• Perform regular field visits to verify business operations and collateral authenticity.
• Prepare detailed monthly credit reports and risk analysis summaries for management.
• Collaborate with the collections team to implement effective recovery strategies for non-performing loans.
• Mentor and supervise junior credit officers to maintain high standards of operational excellence.

Required Skills

• Advanced proficiency in credit risk modeling and financial statement analysis.
• Strong interpersonal and negotiation skills for effective client management.
• Deep knowledge of the microfinance regulatory framework in Malawi.
• Excellent analytical thinking and problem-solving capabilities.
• Ability to work independently in field-based environments.
• Proficiency in banking software and Microsoft Office Suite.

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Education

Applicants must hold a minimum of a Bachelor’s Degree in Finance, Economics, Accounting, Business Administration, or a closely related field from a recognized institution. Professional certifications in credit management or risk assessment will be considered a significant advantage.

Experience

A minimum of 5 years of professional experience in microfinance, commercial banking, or credit management is required. Proven experience in managing loan portfolios in rural or semi-urban settings is highly preferred. Candidates must demonstrate a track record of maintaining low PAR (Portfolio at Risk) ratios.

Salary

The monthly salary for this position ranges from 450,000 SSP to 750,000 SSP, depending on experience, qualifications, and performance during the interview process.

Benefits

• Comprehensive medical insurance coverage for the employee and immediate family.
• Performance-based annual bonuses and incentives.
• Generous leave allowance including annual, sick, and maternity/paternity leave.
• Opportunities for professional development and international training workshops.
• Commuter allowance and field travel reimbursement.

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Training

• Intensive onboarding on FINCA’s proprietary credit scoring systems.
• Regular workshops on advanced risk management and microfinance trends.
• Leadership training for senior-level staff transitioning into management.
• Customer service excellence and ethical lending training.

Working Environment

The role is based in Balaka, involving a mix of office-based administrative work and extensive field visits to client business locations. The working environment is fast-paced and requires high levels of mobility. Candidates should be comfortable working in diverse community settings and traveling to remote areas to conduct business assessments.

Application Process

Interested candidates who meet the specified requirements should submit their updated CV and a cover letter detailing their suitability for the role. Applications will be reviewed on a rolling basis. Only shortlisted candidates will be contacted for the interview stage. Please ensure all submitted documents are accurate and verifiable.

Equal Opportunity Statement

FINCA Malawi is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate on the basis of race, religion, color, sex, gender, sexual orientation, age, non-disqualifying political affiliation, national origin, or disability status.