Credit Analyst
Location: Lagos
Job Summary
- We are seeking an analytical and detail-oriented Credit Officer to join our credit risk management team.
- You will be responsible for evaluating loan applications, assessing the creditworthiness of diverse clients, and managing a healthy loan portfolio.
- Your primary goal is to facilitate business growth while minimizing financial risk through sound lending decisions and proactive monitoring.
Key Responsibilities
- Credit Appraisal: Conduct thorough financial analysis of loan applicants, including cash flow analysis, debt-to-income ratios, and collateral valuation.
- Risk Assessment: Evaluate the credit risk of individuals and businesses based on credit history, financial statements, and industry trends.
- Documentation & Compliance: Ensure all loan files are complete and comply with internal credit policies and Central Bank (CBN) regulatory requirements.
- Portfolio Monitoring: Perform regular site visits and monitor repayment schedules to ensure timely collections and early detection of potential defaults.
- Reporting: Prepare detailed credit memos and monthly reports on portfolio performance, including Non-Performing Loans (NPL) ratios.
- Client Relationship Management: Guide clients through the application process and provide professional advice on appropriate credit facilities.
Required Qualifications & Experience
- Education: Bachelor’s Degree in Banking & Finance, Economics, Accounting, or a related discipline.
- Experience: 3–5 years of experience in credit operations within a Microfinance Bank or Commercial Bank.
Technical Proficiency:
- Strong understanding of the 5 C's of Credit (Character, Capacity, Capital, Collateral, and Conditions).
- Proficiency in Microsoft Excel for financial modeling.
- Experience with Credit Bureau reporting and inquiries.
- Soft Skills: Exceptional integrity, strong negotiation skills, and the ability to make objective, data-driven decisions.
Competencies:
- Deep knowledge of local lending laws and debt recovery procedures.
- Ability to interpret complex financial statements and tax returns.
- High level of accuracy and attention to detail.
Salary
N200,000 - N300,000 / month.
Application Closing Date
17th April, 2026.
Method of Application
Interested and qualified candidates should forward their CV to: hr@lovonusmfb.com using the position as the subject of the email.