Junior Credit Analyst

Position Overview

This position offers a great opportunity for career growth in credit analysis and risk assessment within the microfinance sector.

Key Responsibilities

Financial Statement Analysis

• Analyze financial statements, credit reports, and other relevant data to assess the creditworthiness of SME clients
• Ascertain profitability, liquidity, and leverage ratios of businesses to determine repayment capacity
• Recommend eligible loan amounts for approval

Credit Risk Assessment

• Evaluate credit risk associated with SME loan requests and provide recommendations on credit limits, terms, and conditions
• Evaluate economic, socio-political, and regulatory factors that may affect the continuity of operations for SME clients

Collateral Recommendation

• Recommend appropriate collateral mix acceptable by the bank to act as a buffer in the event of loan default
• Ensure assets to be pledged as collateral are adequately valued by the Bank's accredited valuers
• Ensure the value of pledged collateral meets the Bank's stipulated collateral coverage requirements

Loan Interview and Due Diligence

• Communicate with clients to gather financial information, clarify credit report discrepancies, and provide credit decisions
• Visit client business premises for advanced due diligence depending on loan amount or thresholds set by the bank

Loan Performance Review and Reporting

• Review the performance of SME portfolio on a monthly basis
• Generate reports to Management showing the collection efficiency rate of SME loans processed monthly

Requirements

Qualifications

• Bachelor's degree or HND, preferably in Banking and Finance, Accounting, Business Administration, or Economics (other disciplines may be considered)
• Minimum of 2 years' experience as an SME analyst