Credit Manager Job Vacancy at Serene Microfinance Limited

Position: Credit Manager (1 Vacancy)

Location: Dar es Salaam, Tanzania

Application Deadline: 27th August 2025

Requirements: University Degree in Business/Finance + 2+ years experience in credit management.

About Serene Microfinance Limited

Serene Microfinance Limited has been a growing and expanding company since its establishment in providing financial solutions to many individuals and corporates. Serene Microfinance Ltd exceptionally stands as a good example due to the unique contribution in reaching many categories of customers in Tanzania with micro-loans whose operations are in many parts of Dar es Salaam City, the nearby Regions and all over Tanzania Regions.

Job Overview

In an effort to streamline operations, Serene Microfinance LTD seeks to recruit a qualified CREDIT MANAGER to monitor Credit Department and the teams in credit department to ensure business development and achievement of Microfinance strategic goal.

Key Responsibilities

General Responsibility

To oversee Microfinance Lending process by ensuring quality loan portfolio and ensure customer return their loans timely without delay.

Core Tasks

  • To initiate, develop, Improve and review Microfinance credit policies, Operational procedures and rules.
  • To oversee Microfinance lending process by evaluating the creditworthiness of potential customers and conducting periodic reviews of existing customers.
  • To monitor the process of approving and rejecting loans based on available data and Microfinance lending policies and procedures.
  • Ensuring all loans and lending procedures comply with Microfinance regulations.
  • Monitoring and updates records of all Microfinance loans (disbursed, repaid, and overdue).
  • To optimize Microfinance sales, Monitor loan repayments and reduce bad debts by ensuring quality loan portfolio.
  • To carryout loan restructuring of bad debt after clear assessment and negotiation with the customer.
  • To be innovative and advise on effective ways of managing loan technologically.
  • To prepare and communicate daily, weekly, monthly, quarterly, semi-annual and annual credit report.
  • To Monitor daily, weekly, monthly, quarterly, semi-annual and annual reports of subordinates (Loan, Recovery, Risk and Marketing Officers).
  • Monitoring implementation of duties assigned to loan officers.

Educational Qualifications & Experiences

  • Holder of University Degree or equivalent qualification in business administration, Finance or any other related field.
  • At Least Two (2) years’ experience in a similar position.

How to Apply

Kindly submit your application IN ONE PDF with a detailed CV, cover letter, Academic Certificates to the address below not later than 27th August, 2025.

Contact Information

Address: The Human Resource and Administration Manager,
Serene Microfinance Ltd, P.O. Box 33813,
Mikocheni B, Bima Road
Email: recruitment@serenemicrofinance.co.tz

Note: Only shortlisted candidates would be contacted.

"Serene is an Equal Employment Opportunity Company. Both male and female are encouraged to apply."