Experienced Verification Officer

Your tasks

We are seeking an experienced and result-oriented Verification Officer to join our Microfinance Institution (MFI). The successful candidate will be responsible for conducting thorough verification of loan applicants, assessing clients’ businesses and repayment capacity, validating submitted documents, and identifying potential credit risks before loan approval and disbursement.

• Conduct physical verification of loan applicants’ businesses, residences, and places of employment to establish the authenticity of information provided.
• Verify clients’ personal information, business operations, income levels, cash flow, existing liabilities, and repayment capacity.
• Carry out comprehensive background checks on loan applicants, guarantors, referees, and other relevant parties.
• Review and validate loan application documents to identify inconsistencies, falsification, and possible fraudulent activities.
• Assess the viability and stability of clients’ businesses and determine their capacity to repay loans as scheduled.
• Verify clients’ addresses and business locations and ensure they are traceable for future monitoring and recovery activities.
• Investigate existing indebtedness and potential over-indebtedness to reduce the risk of multiple borrowing.
• Collaborate with Field Officers, Credit Officers, Branch Managers, and Risk Officers to ensure proper loan appraisal and verification.
• Prepare detailed, accurate, and timely verification reports, highlighting findings, red flags, and recommendations.
• Identify high-risk applicants and escalate suspicious cases to the Risk Manager or appropriate authority.
• Ensure all verification activities comply with the institution’s credit policies, operational procedures, and regulatory requirements.
• Conduct post-disbursement verification where required to confirm that loan proceeds are used for their intended purposes.
• Support credit monitoring and loan recovery efforts by providing reliable client information when necessary.

Requirements

The ideal candidate must have practical experience in microfinance lending, field verification, credit risk assessment, and client investigation, with a strong ability to identify fraudulent applications and provide accurate verification reports to support sound lending decisions.