Jobs Career Advice Signup

Send this job to a friend


Did you notice an error or suspect this job is scam? Tell us.

  • Posted: Feb 28, 2024
    Deadline: Not specified
  • Never pay for any CBT, test or assessment as part of any recruitment process. When in doubt, contact us

    AMS Finance & Management is a financial services company, providing top-notch investment and financial solutions. We are licensed with, and regulated by the Central Bank of Nigeria (CBN)
    Read more about this company


    Credit and Internal Control Officer

    Job Summary

    • The Credit and Internal Control Officer is responsible for managing the credit approval process, assessing financial risks, and ensuring compliance with internal control procedures.
    • This role involves evaluating credit proposals, conducting financial analysis, and implementing internal audit policies and practices to mitigate risks and optimize financial performance.

    Credit Approval Process:

    • Assess credit proposals and make recommendations for approval or denial based on established criteria and risk assessment.
    • Review loan applications, credit reports, and financial documentation to determine creditworthiness and risk exposure.
    • Collaborate with relevant stakeholders to ensure timely and accurate processing of credit requests.
    • Identify opportunities to cut costs and improve profitability through thorough financial analysis and strategic decision-making.

    Financial Risk Assessment:

    • Analyze financial statements and other data to evaluate the financial condition of borrowers and assess potential risks.
    • Identify and evaluate risks associated with credit transactions, including credit, market, and operational risks.
    • Develop strategies to mitigate risks and optimize profitability while maintaining acceptable risk levels.

    Internal Control Implementation:

    • Implement internal control policies and procedures to ensure compliance with regulatory requirements and industry best practices.
    • Develop and enforce the use of checklists and documentation standards for credit evaluation and approval processes.
    • Conduct periodic audits and reviews to monitor compliance with internal control policies and identify areas for improvement.
    • Ensure that accounting and financial record-keeping processes adhere to company policies and regulatory requirements, maintaining accurate and reliable financial data.
    • Conduct ad hoc investigations into identified or reported risks promptly and thoroughly, ensuring all relevant information is gathered and analyzed.

    Audit and Business Practices:

    • Stay abreast of regulatory changes and industry trends related to credit management and internal control.
    • Implement best audit and business practices to enhance efficiency, effectiveness, and compliance with internal policies and procedures.
    • Participate in the development and implementation of strategies to support the company's overall objectives and goals.

    Reporting and Documentation:

    • Prepare timely and accurate reports on credit activities, risk assessments, and internal control audits for management review.
    • Maintain detailed records and documentation of credit transactions, audit findings, and compliance activities.
    • Communicate audit results and recommendations to management and provide guidance on corrective actions and risk mitigation strategies.

    Training and Awareness:

    • Provide training and guidance to staff on internal control policies, procedures, and best practices.
    • Promote awareness of internal control standards and objectives throughout the organization.

    Collaboration and Communication:

    • Collaborate with management and cross-functional teams to address internal control issues and implement corrective actions.
    • Communicate findings, recommendations, and action plans to relevant stakeholders, including senior management and audit committees.

    Credit and Expense Approval:

    • Provide thorough analysis and recommendations for credit and expense approval to ensure prudent financial decision-making.
    • Collaborate with relevant stakeholders to assess the potential risks associated with credit approvals and expense management.

    Integral Part of Credit Approval Process:

    • Actively participate in the credit approval process by assessing areas of significant business risk and providing valuable insights to decision-makers.

    Continuous Improvement:

    • Continuously seek opportunities to improve internal audit and credit management processes, systems, and procedures, driving efficiency, effectiveness, and risk mitigation strategies.

    Qualifications and Requirements

    • Bachelor's Degree in Accounting or Finance.
    • A cumulative of 5+ years’ work experience with a minimum of 2 years work experience in internal audit, risk management, or internal control roles within the finance industry.
    • Strong understanding of internal control frameworks, standards, and regulatory requirements
    • Excellent analytical and problem-solving skills, with the ability to assess complex business processes and identify control deficiencies.
    • Proficiency in conducting audits, risk assessments, and control testing procedures.
    • Strong communication and interpersonal skills, with the ability to effectively interact with stakeholders at all levels of the organization.
    • Professional certifications such as Certified Internal Auditor (CIA), Certified Information Systems Auditor (CISA), or Certified Fraud Examiner (CFE) are preferred.
    • Attention to detail and a commitment to upholding integrity, ethics, and confidentiality in all internal control activities.

    Method of Application

    Interested and qualified candidates should send their CV to: using the Job Title as the subject of the email.

    Build your CV for free. Download in different templates.

  • Apply Now
  • Send your application

    View All Vacancies at AMS Finance & Management Back To Home

Subscribe to Job Alert


Join our happy subscribers

Send your application through

GmailGmail YahoomailYahoomail