Verification Officer  
Mobilink Microfinance Bank   More jobs from this company

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Job Title:   Verification Officer
Total Positions:   2
Job Location:   Talagang, Pindi Bhattian
Gender:   No Preference
Minimum Education:   Bachelors
Career Level:   Experienced Professional
Minimum Experience:   2 Years
Apply By:   Aug 22, 2019
Job Description:
  • Compliance of Credit Procedures

    ·         Responsible to ensure completeness of loan documents and assessing that each loan application is in compliance with Credit Policy & Procedures and other guidelines circulated from time to time.

    ·         Responsible to ensure that valid and accurate data input is made in credit MIS from source documents related to cash flow & Loan applications.

    ·         Ensure to forward cases to CCU (Credit Control Unit) on daily basis

    ·         E-CIB report review

    ·         Gold Smith verification on quarterly basis

    ·         Visit reverification of watch list account DPD 5 to 90 days

    Pre-disbursement Borrower’s Verification

    ·         Ensure verification as per applicable approved policy. Major responsibility is to verify credit worthiness, reputation and repayment capacity of the applicant and guarantor.

    ·         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 & initiating loan application cancellation to Head Office.  


    Reporting, Record/Data Maintenance and System Security

    ·         Ensure adequacy and timeliness of daily / weekly / monthly reports as per schedule & guidelines.

    ·         Maintain related records /data / information, etc as per defined procedures.

    ·         Maintain & secure Credit MIS / files from unauthorized access, programs.

    Co-ordination in the Branch

    ·         Coordinate & align activities with branch management to cope with seasonal business fluctuations   & credit cases flow.

    ·        Ensure following defined turnaround times for each activity to better client service

Company Information
Company Name:  Mobilink Microfinance Bank
Company Description:
Mobilink Microfinance Bank Limited (MMBL) is Pakistan's largest digital bank with over 20 million registered and 8 million active digital wallets. Backed by VEON Co., MMBL started operations in April 2012 and launched branch-less banking operations under the brand name JAZZCASH in partnership with Pakistan's largest telecom operator JAZZ in Nov 2012. Being a hybrid model that combines traditional micro finance with mobile / digital banking technologies, the bank now operates with 74 branches, with more than 1559 employees, a network of over 90000 branch-less banking agents (growing) and a USSD (GSM) based digital channel in the country offering savings, micro enterprise (MSME) loans, small housing loans, remittances, collection (of utility bills and loan installments), mobile wallets, insurance, G2P, B2B & B2P payments and thus playing a leading role in promotion of financial inclusion.

Despite being a young bank, Mobilink bank has emerged as one of the front runners in the sector and achieved financial break-even within four years of commencing operations in 2016, one of the fastest in the industry. Financial performance of the Bank has been remarkable in 2016, 2017 and 2018

Mobilink Bank & JAZZ, under the brand name JAZZCASH, envision to become market leaders in branchless banking, digital banking and micro financial services offering simple, innovative and value added products and services to the people of Pakistan. MMBL game plan aims at taking banking from confines of limited number of brick and mortar structures to cell phones and thus make a significant contribution in banking the unbanked through digital channels. The Bank so far has financed over 500,000 individual micro and small businesses since inception of the Bank in 2012 and is the proud recipient of “Bank of the Unbanked Award” in 2018 and 2019.

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