Credit Risk Officer at Pennylender Limited

Job Summary

• We are seeking a detail-oriented and analytical Credit Risk Officer to assess and manage credit risk exposure across the company’s lending operations.
• The ideal candidate will evaluate the creditworthiness of potential borrowers, monitor loan portfolio performance, and ensure effective risk mitigation strategies are implemented in line with company policies and regulatory standards.

Key Responsibilities

• Evaluate credit applications, including financial statements, credit reports, and repayment capacity, to determine creditworthiness.
• Develop and apply credit risk assessment models, scorecards, and approval criteria.
• Monitor and analyze the loan portfolio for signs of delinquency, default, or concentration risk.
• Recommend appropriate credit limits, terms, and conditions to manage risk exposure.
• Track key credit risk indicators (CRIs) and prepare risk reports for management.
• Conduct scenario analysis on lending portfolios.
• Support the development and enforcement of credit policies, procedures, and risk appetite frameworks.
• Collaborate with collections, sales, and compliance teams on delinquency, recoveries, and legal proceedings.
• Ensure adherence to regulatory requirements and internal credit risk guidelines.
• Participate in credit committee reviews and decision-making processes.

Requirements

• Bachelor’s degree in Finance, Accounting, Economics, Risk Management, or a related field.
• 2–5 years of experience in credit risk analysis, credit underwriting, or portfolio monitoring.
• Strong understanding of credit analysis techniques, financial ratios, and lending practices.
• Familiarity with relevant regulations (e.g., CBN guidelines, credit bureau reports).
• Proficiency in Microsoft Excel and credit risk assessment tools.
• Excellent attention to detail, analytical thinking, and decision-making skills.
• Strong communication and report writing abilities.

Preferred Qualifications:

• Professional certifications such as Credit Risk Management (CRM), CFA, FRM, or similar.
• Experience in fintech, commercial banking, microfinance, or consumer lending environments.
• Working knowledge of credit scoring models and data analytics tools.

What We Offer

• Competitive salary
• Opportunities for growth and professional certification
• Exposure to a dynamic and data-driven lending environment
• A collaborative team and performance-driven culture.