Credit Analyst at Lovonus Microfinance Bank

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: Minimum of 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.