Credit Risk Analyst

Job Summary

Responsible for evaluating the creditworthiness of new and existing customers, conducting financial analysis, and making recommendations for credit approval or denial. This role involves assessing credit applications, analysing financial statements, and ensuring compliance with credit policies.

Job Details

Credit Evaluation and Financial Analysis:

• Analyse credit applications to determine the creditworthiness of applicants.
• Review financial statements, credit reports, and other relevant data to assess risk.
• Conduct thorough credit analysis and prepare detailed credit reports and recommendations.
• Perform financial statement analysis to evaluate the financial health of borrowers.
• Calculate key financial ratios and assess the borrower’s ability to repay the loan.
• Identify potential risks and recommend appropriate risk mitigation strategies.
• Work closely with the sales and business development teams to gather necessary information for credit assessments.
• Communicate credit decisions and provide explanations to relevant stakeholders.
• Support the Lead, Credit Management in developing and implementing credit policies and procedures.

Compliance and Documentation:

• Prepare credit approval memos and present findings to the Lead, Credit Management.
• Ensure all credit evaluations and recommendations adhere to the institution’s credit policies and risk appetite.
• Monitor and follow up on pending credit applications and decisions.
• Ensure compliance with all relevant regulatory requirements and internal policies.
• Maintain accurate and up-to-date credit files and documentation.
• Assist in the preparation for internal and external audits related to credit risk management.

Portfolio Monitoring:

• Monitor the performance of existing credit portfolios and identify any emerging risks.
• Conduct periodic reviews of borrowers’ financial conditions and update credit ratings as necessary.
• Assist in the management of delinquent accounts and recommend actions to mitigate potential losses.

Requirements

• Bachelor’s degree in Finance, Business Administration, Accounting or a related field
• Minimum of 2-5 years of experience in credit analysis or a related field within the financial services industry

COMPETENCIES REQUIREMENTS:

Technical:

• Business Continuity and Disaster Recovery Management 
• Data Analysis
• Financial Analysis 
• Loan management 
• Quality Assurance 
• Risk Management​
• Customer Service 

Behavioural:

• Entrepreneurial Mindset
• Excellence
• Execution
• Energy
• Empathy
• Evolution
• Emotional Intelligence
• Business Acumen
• Decision-Making
• Result Oriented
• Communication written & verbal
• Stakeholder Management
• Analytical Thinking
• Managing Risk
• Service Orientation

What to Expect in the Hiring Process:

• A preliminary phone call with the recruiter
• Technical interview 
• Assessment
• Interview with Senior members of the team
• Cultural and Behavioural Fit Interview with a member of the Executive team.

Benefits

At Credit Direct Finance Company Limited, we value our employees and strive to provide a comprehensive benefits package that recognizes their contributions and supports their well-being. As part of our commitment to a positive work environment, we offer the following benefits:

Competitive Salary: We offer a competitive salary structure that is commensurate with industry standards and recognizes the skills and experience of our employees.

Quarterly Performance Pay: We recognize and reward exceptional performance. Our quarterly performance pay program allows employees to earn additional compensation based on their individual and team achievements.

Transport Subsidy: We understand the importance of accessible transportation for our employees. To assist with commuting expenses, we provide a transport subsidy to help alleviate the financial burden associated with travel to and from work.

Staff Bus: We offer a convenient and reliable staff bus service for eligible employees, ensuring a comfortable and stress-free commute to the workplace.

Hybrid Work: We believe in providing flexibility and work-life balance. Our hybrid work policy allows eligible employees to work remotely for a certain number of days per week, promoting a healthy work-life integration.

13th Month Salary: As an additional financial benefit, we provide a 13th-month salary to our employees. This extra payment, usually received at the end of the year, serves as a bonus and acknowledges their dedication and commitment throughout the year.

Leave Allowance: We recognize the importance of taking time off for rest and relaxation. In addition to annual leave entitlement, we provide a leave allowance to eligible employees, offering financial support during their vacation time.

Profit Sharing: We believe in sharing our success with our employees. Through our profit-sharing program, eligible employees have the opportunity to receive a share of the company's profits, providing an additional incentive for their dedication and hard work.

These benefits are designed to support our employees' financial well-being, work-life balance, and professional growth. We continuously review and enhance our benefits package to ensure that it remains competitive and aligned with the needs and preferences of our valued employees.

About Company

Credit Direct Finance Company Limited

https://creditdirect.seamlesshiring.com

Credit Direct is the Fintech arm of the FCMB Group.