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Loan Officer Employment Contract
Document Type
DOCX
Pages
5
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Document Overview
A Loan Officer Employment Contract is a legally binding agreement between a financial institution (such as a bank, microfinance institution, SACCO, or lending company) and an individual who is employed as a Loan Officer.
Here are the properly numbered components:
1. Parties to the Agreement
2. Position and Title
3. Commencement Date
4. Probation Period
5. Job Description and Duties
6. Place of Work
7. Working Hours
8. Remuneration
9. Benefits
10. Leave Entitlements
11. Confidentiality and Non-Disclosure
12. Code of Conduct and Ethics
13. Performance Standards
14. Disciplinary Procedures
15. Termination of Employment
16. Retirement
17. Governing Law
18. Entire Agreement and Amendments
19. Signatures and Witnesses
The primary purposes of the contract are:
1. To formalize the employment relationship.
2. To define job roles and responsibilities.
3. To protect confidential client and financial information.
4. To ensure compliance with Kenyan labor laws (Employment Act, 2007) and sector regulations (CBK, Sacco Societies Act, Microfinance Act).
5. To outline clear performance expectations.
6. To provide transparency on salary, benefits, and termination procedures.
7. To protect the financial institution from misconduct, fraud, and negligence.
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