Monitoring Officer - BRAC Ghana Savings and Loans

BRAC Ghana Savings and Loans

  • Accra
  • Permanent
  • Full-time
  • 9 days ago
BRAC Ghana Savings and Loans Ltd (BGSL) is a socially responsible for-profit organisation, engaging people, especially women in sustainable economic and income-generating activities in Ghana. Our mission is to provide a range of financial services responsibly to people at the bottom of the pyramid.PURPOSE
  • To ensure the quality MF operations
MAJOR RESPONSIBILITIESOperations responsibilities:
  • Examine overdue and trend reports
  • Review financial reports and provide the CEO with relevant and accurate reports as required at board meetings
  • Conducts group meeting visits, passbook reconciliations, and physical verification of clients.
[ad]Monitoring responsibilities:
  • False loan/loan disbursed without the knowledge of the borrower.
  • Loan operated by staff – partly/fully.
  • Instalments realized without entry in the passbook and are not deposited in office.
  • Loan disbursed without approval.
  • Loans disbursed to the same member from different projects/branch.
  • Previous Loan outstanding realized by disbursing another loan.
  • Client existence could not be traced.
  • Multiple loans operated by one member.
  • Loan disbursed by receiving overdue/advance realization.
  • Verify if a client has run away.
  • Loan Realized by another member instalment.
Loan papers monitoring:
  • Monitor randomly checks all loan related documents from the last visit to present visit. They also check the passbook and the client physically.
Members Passbook reconciliation:
  • The Passbook is the only document of the clients. Monitor reconciles this passbook with system generated collection data and finds out if there is any discrepancy.
Savings Refund inspection points:
  • False withdrawals.
  • Member attendance in group meetings which savings were requested to be withdrawn.
  • Whether other members savings were used for another member loan realization.
  • How much savings withdrawn and how much was adjusted.
Other check points:
  • Monitor checks out cash in hand position according to cash book and computer ledger print.
  • Verifies client’s guarantor.
  • Verifies BAO’s check list of loan disbursement whether the BAO is checking loan documents as per her responsibilities.
  • Give a follow up on commitment of previous monitoring findings
Safeguarding responsibilities:
  • Establish a safeguarding culture across all levels of the programme by implementing the safeguarding policy. Act as a key source of support, guidance and expertise on safeguarding for establishing a safe working environment.
  • Responsible to ensure team members are appropriately trained, supported and have access to resources regarding issues that are identified and actioned in accordance with the safeguarding policy and procedure.
  • Follow the safeguarding reporting procedure in case any reportable incident takes place, encourage others to do so.
Required Skills or ExperienceSPECIFIC EDUCATIONAL/PROFESSIONAL QUALIFICATIONAt least first degree:
  • Degree in Related Disciplines
  • Professional Certificate/Postgraduate Degree in Accounting/Finance will be an added advantage.
Concentration / Major: Related Discipline[ad2]EXPERIENCE (Including sector/industry)
  • At least 3 years of relevant work experience in a similar role
  • 2 years’ experience in financial services sector is preferred
KNOWLEDGE, SKILLS & COMPETENCIES
  • Knowledge and competency in related principles.
  • Proficiency in management systems.
  • Outstanding communication (written and verbal) and interpersonal abilities.
  • Good team player with considerable leadership traits.
  • Proficiency in MS Excel and other related software.
  • Planning and organization skills.
  • High degree of professionalism, maturity and confidentiality.
  • Strong presentation skills.
  • Strong analytical and problem-solving skills.
  • Well organized and ability to act in a professional and ethical manner;
  • Capability and willingness to take responsibility
  • Highly developed sense of integrity, reliability and accuracy
  • Willingness to work under pressure.

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