Royal Exchange – In 1918, our company started operations in Nigeria represented by Barclays Bank DCO and on February 28, 1921, converted to a full branch of its then parent company, Royal Exchange Assurance, London.

Royal Exchange Assurance, London, was originally founded in 1720 and was one of the first two insurance companies in Britain to receive legal status via Royal Charter. Originally established for marine business, it expanded within a year to include fire and life insurance as well, thereby becoming Britain’s first composite insurer. The establishment of the branch in Nigeria was the result of an overseas expansion drive in the early 20th century. Some notable figures in the local insurance Industry have headed our company, which was, for over twenty years the only insurance company operating in Nigeria. Thus, our company can be said to be the beginning of insurance in Nigeria and today, has one of the largest branch networks in its sector with 16 branches and four (4) business directorates nationwide.

We are recruiting to fill the position below:

Job Title: Credit Specialist

Location: Lagos
Employment Type: Full-time

Responsibilities

• Receiving credit and loan applications along with additional paperwork.
• Reviewing documents to ensure their completion and precision.
• Conduct routine inspections to understand clients’ financial track records better.
• Performing risk analyses and using the findings to inform the amount of credit extended, if applicable.
• Informing clients about the outcomes of their credit applications.
• Negotiating interest rates and payment plans that account for the potential risks identified earlier.
• Supervising the repayment of funds and contacting defaulters to urgently tend to their accounts.
• Providing additional financial support to eligible and steadfast clients upon request.
• Compiling a database of regular defaulters and reporting them to the relevant bodies, as appropriate.
• Working towards maintaining and advancing the financial status of our institution.

Qualifications

• Bachelor’s Degree in Accounting, Finance or a related field
• 3+ years of experience as a Credit Officer or in a similar position
• Complete understanding of Federal and State laws and regulations
• Familiarity with legal accounting practices and lending procedures
• Basic knowledge of ERP systems
• Excellent analytical and negotiation skills
• Ability to maintain integrity and confidentiality.
• Strong communication skills
• Research-driven and customer-focused individual
• Good decision-making skills
• Excellent mathematical skills
• Proficiency in Microsoft Office tools
• Demonstrating critical thinking ability

Benefits

• Salary budget: N200,000 – N220,000 monthly net
• HMO
• Pension

Application Closing Date
23rd January, 2023.