Job Openings Credit Analyst

About the job Credit Analyst

Credit Analyst

Location: Victoria Island, Lagos
Salary: 200,000 - 250,000 
Experience: 3 - 5 Years
Industry: Financial Services

Position Overview:

We are seeking a qualified and results-driven Credit Analyst to join our team. This role is critical to assessing the creditworthiness of prospective borrowers, supporting responsible lending decisions, and maintaining a high-performing loan portfolio. The ideal candidate will possess strong analytical skills, a good understanding of SME lending in Nigeria, and a passion for contributing to inclusive finance.

Key Responsibilities:

1. Credit Assessment & Analysis

  • Conduct detailed credit analyses including financial statement reviews and cash flow forecasting.

  • Evaluate loan proposals and determine creditworthiness based on financial and non-financial indicators.

  • Review supporting documents such as bank statements, invoices, and business plans.

2. Risk Evaluation & Monitoring

  • Identify credit risks and propose appropriate mitigants.

  • Maintain and update internal risk grading models and risk assessment frameworks.

  • Monitor active loans to detect early warning signs and manage delinquencies proactively.

3. Portfolio Management

  • Track and report on the performance of various credit products (e.g., SME loans, vendor financing schemes).

  • Recommend restructuring strategies when necessary to ensure portfolio health.

  • Contribute to regular reports for management and regulatory purposes.

4. Documentation & Compliance

  • Ensure loan files are complete and meet both internal and regulatory requirements.

  • Collaborate with legal and compliance teams to uphold KYC, AML, and credit policy standards.

  • Stay updated with relevant industry regulations and best practices.

Key Performance Indicators (KPIs):

  • Turnaround Time for Credit Decisions: 5 working days

  • Non-Performing Loan (NPL) Ratio: 5%

  • Credit Report Timeliness & Accuracy: 100% on schedule

  • Compliance Adherence: 100% with CBN and internal policies

  • Stakeholder Satisfaction: 90% in internal surveys

  • Contribution to Credit Policy Development: 1 per quarter

  • Support for Impact Goals: 70% of loans aligned with priority segments (women, youth, underserved)



Qualifications & Requirements:

  • Bachelors degree in Finance, Economics, Business Administration, or a related field.

  • 3 - 5 years of experience in credit analysis, preferably within a financial institution or impact fund.

  • Strong understanding of financial statements, cash flow modeling, and credit risk assessment.

  • Proficiency in Microsoft Excel and credit scoring tools.

  • Familiarity with the Nigerian SME lending environment.

Competencies:

  • Strong analytical and problem-solving skills

  • Excellent communication and report writing abilities

  • High level of integrity, professionalism, and attention to detail

  • Ability to manage multiple tasks and deadlines in a fast-paced environment

  • Team player with a proactive and strategic approach

To Apply:
Interested candidates should send their CV and a cover letter highlighting relevant experience to hiring@mysigma.io Only qualified candidates will be contacted.


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