Credit Officer at Ascentech Services Limited

About the Role

• We are seeking an experienced and detail-oriented Credit Officer to assess credit applications, evaluate customers’ creditworthiness, and ensure responsible lending decisions.
• The successful candidate will be responsible for managing credit risks, monitoring loan repayments, maintaining accurate credit records, and ensuring compliance with the organisation’s credit policies and procedures.

Key Responsibilities

• Review and assess credit applications to determine applicants’ creditworthiness and repayment capacity.
• Analyse customers’ financial information, income, credit history, and supporting documents.
• Conduct credit risk assessments and make recommendations on loan approvals, limits, and repayment terms.
• Verify customer information and carry out due diligence before credit approval.
• Monitor loan portfolios, repayment schedules, overdue accounts, and delinquent loans.
• Follow up with customers on outstanding payments and coordinate recovery efforts where necessary.
• Identify potential credit risks and recommend appropriate measures to minimise loan defaults.
• Maintain accurate credit files, loan documentation, and portfolio performance records.
• Prepare regular reports on credit exposure, loan performance, repayment rates, and outstanding balances.

Requirements

• Bachelor’s degree or HND in Accounting, Finance, Banking and Finance, Economics, Business Administration, or a related discipline.
• Minimum of 3 years’ relevant experience in credit management, credit analysis, loan administration, or lending operations.
• Good understanding of credit assessment, risk analysis, loan monitoring, and debt recovery processes.
• Strong analytical, numerical, and decision-making skills.
• Proficiency in Microsoft Excel and other relevant financial or credit management systems.
• Excellent communication, negotiation, and customer relationship management skills.
• Willingness to work on-site in Sagamu, Ogun State.

Key Competencies:

• Credit Risk Assessment
• Credit Analysis and Loan Appraisal
• Loan Portfolio Monitoring
• Debt Recovery and Delinquency Management
• Financial Analysis and Documentation
• Credit Reporting and Record-Keeping.