Maineflow Limited is a microfinance institution in Nigeria that provides micro lending, lease and financial inclusion services to small businesses, individuals and organizations.

We are recruiting to fill the position below:

Job Title: Credit Officer

Location: Lagos
Employment Type: Full-time

Job Brief

• The Credit Officer will oversee our company’s lending process, from evaluating clients’ credit worthiness to approving or rejecting loan requests.
• The Credit Officer’s responsibilities include:
  • Creating credit scoring models,
  • Setting loan terms and determining interest rates
• To be successful in this role, you should have a Degree in Accounting or Finance along with experience processing loan applications.
• Previous banking experience is a plus.Ultimately, you will help us minimize bad debts and increase revenues from loans.

Responsibilities

• Research and evaluate clients’ creditworthiness
• Create credit scoring models to predict risks
• Credit administration and preparation of offer letters.
• Analysis, appraisal and preparation of Structured Finance agreements and other documents.
• Review of credit applications to ensure that all documents submitted by the client are complete.
• Asset inspection before approval is made.
• Assessment of the client’s balance sheet performance, cash flow and streams of income.
• Accounts reconciliation and recovery management.
• Approve or reject loan requests, based on credibility and potential revenues and losses
• Calculate and set interest rates
• Negotiate loan terms with clients
• Monitor payments
• Maintain records of loan applications
• Follow up with clients to manage debt settlements and loan renewals
• Ensure all lending procedures comply with regulations
• Develop, review and update our company’s credit policies

Requirements and Skills

• B.Sc in Accounting, Economics, Banking and Finance or relevant field
• 5 years relevant work experience.
• Proven work experience as a Credit Manager, Credit Analyst or similar role
• Hands-on experience with accounting software
• Solid understanding of lending procedures
• Excellent analytical skills, with the ability to create and process financial spreadsheets (e.g. in Excel)
• Negotiation skills

Application Closing Date
16th September, 2022.