• Application Deadline:
• Position: Credit Administration Officer


• Job Type Full Time


• Qualification BA/BSc/HND


• Experience 3 - 5 years


• Location Lagos


• Job Field Finance / Accounting / Audit 
  

Job Summary

• The Credit Administration Officer will manage credit documentation, compliance, and risk mitigation processes for all loan transactions.


• The role requires collaboration with key departments to ensure prompt loan disbursement and the implemention of measures to minimize credit risks.


• The role demands analytical skills, negotiation abilities, and effective relationship management to optimize financial outcomes for both the company and clients.

 Responsibilities

• Maintain accurate credit documentation for all loan transactions.


• Prepare and record all credit-related letters and correspondences for easy accessibility.


• Perform credit status inquiry and interface with Credit Bureau.


• Generate reports on credit activities, portfolio performance and risk metrics.


• Daily monitor the credit portfolio and evaluate the risk of potential default while recommending solutions to the loan recovery team.


• Evaluate financial statements, credit reports, and other relevant information to make informed credit decisions.


• Collaborate with different departments, including Finance, Operations, Legal & Compliance to facilitate smooth and timely loan disbursement.


• Ensure compliance with regulatory requirements and internal policies.


• Provide weekly collection and payment schedules to the Growth team while ensuring prompt and timely repayments.


• Identify and escalate repayment irregularities for further management action.


• Communicate credit terms, conditions, and decisions to clients


• Engage in negotiations with clients to establish favorable credit terms.


• Any other responsibility assigned by Management.

Qualifications

• Bachelor’s degree in Finance, Business, or a related field.


• Proven experience in credit administration, loan processing within the financial services sector (at least 3-5 years).


• Strong understanding of financial principles, accounting practices, and credit analysis is essential.


• Excellent negotiation and communication skills.


• Experience in ensuring regulatory adherence within a financial institution.


• Analytical mindset, Detail-oriented, organized, and able to meet deadlines.


• Ability to work independently and collaboratively in a fast-paced environment.