Credit Officer

Our client is a leading Microfinance Bank in Nigeria providing micro-banking services to individuals and SMEs.

Job Summary

The Credit Management Officer is responsible for evaluating credit applications, conducting detailed financial and credit analyses, recommending appropriate lending decisions, and monitoring approved credit facilities to ensure compliance with the Bank's credit policies and regulatory requirements. The role supports prudent credit administration, portfolio quality, and sustainable lending practices while minimizing credit risk and loan losses.

Key Responsibilities

• Evaluate loan applications and conduct comprehensive credit analyses.
  
• Conduct detailed financial analysis of individuals, SMEs, and corporate borrowers to determine repayment capacity and creditworthiness.
  
• Analyze financial statements, cash flows, bank statements, and business performance to support lending decisions.
  
• Conduct customer due diligence (CDD), Know Your Customer (KYC), and Anti-Money Laundering (AML) checks before loan approval.
  
• Verify customer information, collateral documentation, guarantor details, and supporting documents for completeness and authenticity.
  
• Prepare comprehensive credit appraisal memoranda with appropriate recommendations for Management and Credit Committee consideration.
  
• Assess collateral adequacy and recommend suitable security structures to mitigate lending risks.
  
• Ensure approved loans comply with delegated approval limits, internal policies, and CBN Prudential Guidelines.
  
• Monitor customers' financial performance and identify early warning signals that may affect loan repayment.
  
• Work closely with the Loan Monitoring Unit to track post-disbursement performance and ensure loan utilization aligns with approved purposes.
  

Requirements

• Bachelor's Degree in Banking, Finance, Economics, Accounting, Business Administration, or related discipline.
  
• Professional banking or accounting certification (ACIB, ACA, ACCA, CFA, or equivalent) is an added advantage.
  
• Minimum of 3–5 years' experience in credit administration, credit analysis, or lending within a microfinance bank.
  
• Strong understanding of CBN Prudential Guidelines, financial analysis, and credit risk management.
  
• Excellent report writing and analytical skills.