Senior Credit Analyst

Job title : Senior Credit Analyst

Position Summary

• The Senior Credit Analyst will be responsible for evaluating and underwriting consumer credit applications, with a strong emphasis on payroll/salary-backed loans. You will assess borrower creditworthiness, analyze risk factors, ensure compliance with lending policies, and help optimize default management frameworks.

Key Responsibilities

Credit Assessment & Underwriting:

• Evaluate and process complex payroll loan applications in accordance with internal credit policies and regulatory standards.
• Analyze financial information, bank statements, employment verification, pay stubs, and credit bureau reports (e.g., CRC, FirstCentral) to evaluate creditworthiness.

Risk Analysis & Management:

• Identify potential risk drivers in payroll lending portfolios (e.g., job instability, employer default/delay in remittance, high debt-service ratios).
• Monitor portfolio performance, perform variance analysis, and recommend adjustments to credit limits and underwriting criteria.
• Assist in early-stage delinquency detection and work closely with the Collections & Recovery team to minimize non-performing loans (NPLs).

Policy & Process Improvement:

• Review, update, and refine credit scoring models and loan approval workflows to improve turn-around time (TAT) without compromising risk standards.
• Collaborate with Sales, and Operations teams to design competitive payroll lending products and seamless customer journeys.

Reporting & Team Leadership:

• Prepare detailed credit evaluation reports and present loan recommendations to the Credit Committee.
• Mentor and provide technical guidance to junior credit analysts and underwriting officers.

Key Requirements & Qualifications

• Education: Bachelor’s degree in Banking & Finance, Economics, Accounting, Statistics, or a related field. Professional certifications are an added advantage.
• Experience: Minimum of 3–5 years of experience in credit analysis and underwriting within a microfinance bank, fintech or finance company.
• Payroll Lending Expertise: Proven track record in underwriting payroll-backed / salary loans (e.g., Remita, IPPIS, direct debit mandates, automated payroll deduction platforms)

Technical Skills:

• Strong proficiency in credit scoring tools, credit bureau portals, and loan management systems (LMS).
• Advanced Microsoft Excel skills for data analysis, financial modeling, and portfolio reporting.
• Analytical Mindset: Excellent quantitative skills with sharp attention to detail and risk identification.