• Application Deadline: Fri, 16 Sep 2022 00:00:00 GMT
• Position: Credit Officer


• Job Type Full Time


• Qualification BA/BSc/HND


• Experience 5 years


• Location Lagos


• Job Field Finance / Accounting / Audit 
  

Job Brief

• The Credit Officer will oversee our company’s lending process, from evaluating clients’ credit worthiness to approving or rejecting loan requests.


• The Credit Officer’s responsibilities include:
  
  
  
  • Creating credit scoring models,
  
  
  • Setting loan terms and determining interest rates
  
  
  
  


• To be successful in this role, you should have a Degree in Accounting or Finance along with experience processing loan applications.


• Previous banking experience is a plus.Ultimately, you will help us minimize bad debts and increase revenues from loans.

Responsibilities

• Research and evaluate clients’ creditworthiness


• Create credit scoring models to predict risks


• Credit administration and preparation of offer letters.


• Analysis, appraisal and preparation of Structured Finance agreements and other documents.


• Review of credit applications to ensure that all documents submitted by the client are complete.


• Asset inspection before approval is made.


• Assessment of the client’s balance sheet performance, cash flow and streams of income.


• Accounts reconciliation and recovery management.


• Approve or reject loan requests, based on credibility and potential revenues and losses


• Calculate and set interest rates


• Negotiate loan terms with clients


• Monitor payments


• Maintain records of loan applications


• Follow up with clients to manage debt settlements and loan renewals


• Ensure all lending procedures comply with regulations


• Develop, review and update our company’s credit policies

Requirements and Skills

• B.Sc in Accounting, Economics, Banking and Finance or relevant field


• 5 years relevant work experience.


• Proven work experience as a Credit Manager, Credit Analyst or similar role


• Hands-on experience with accounting software


• Solid understanding of lending procedures


• Excellent analytical skills, with the ability to create and process financial spreadsheets (e.g. in Excel)


• Negotiation skills