Credit Officer at Westfield Consulting Limited

Westfield Consulting was founded in January 2012, by a team of Nigerians with over 45 years of cumulative work experience in management and consultancy. Westfield Consulting is a provider of Human Resource and Strategic Management Services. Our focus on innovation and excellence in service delivery has made us a first choice to our growing clientele in various sectors. We have successfully achieved a positive work force attitude, while engineering a more motivated and committed workforce for our clients with notable results Our results provide a testament about the quality of our services. 70% of our business is repeat business.

We are recruiting to fill the position below:

Job Title: Credit Officer

Location: Victoria Island, Lagos
Employment Type: Full-time
Industry: Mortgage
Grade Range: ABO - SBO

Job Purpose

• To ensure proper documentation and effective monitoring of credit facilities to ensure performance/minimal borrower default and to ensure that the credit management framework of the bank is in accordance with regulatory requirements.

Key Responsibilities

• Ensure proper process of credit in line with Bank’s standards/credit guidelines/policies
• Ensure proper maintenance of all credit files and documents to ensure compliance with regulatory standards.
• Ensure complete documentation of all loans before disbursement.
• Ensures that original copies of collateral documents are sent to the Legal department.
• Review collateral documents to ensure that they are adequate and genuine in line with credit guidelines.
• Ensure that limits are monitored; incomes, fees, maturing repayments and anniversary charges are captured.
• Review all credits for quality, performance and compliance with approved terms and conditions and credit policy
• Provide a strategic framework for event-based credit monitoring i.e. rapid portfolio review
• Review portfolio for concentration risks, global limits etc. and recommend appropriate actions.
• Conducting credit checks on both sitting and prospective customers and ensuring charges are effected.
• Ensuring release of documents are made available upon full liquidation of facilities
• Conduct due diligence on credit customers
• Ensuring forensic audit on customers account and making sure it is adequately computed
• Generating report for Credit Committee meeting
• Weekly generation of expected collection report.

Requirements

• First Degree in a numerate or business-related discipline
• Relevant professional certifications such as Chartered Financial Analyst (CFA), Professional Risk Manager (PRM), Financial Risk Manager (FRM), ICAN, ACCA, CPA etc. and/or a second degree are added advantages.
• Minimum of 3 years cognate work experience in Credit Analysis and Risk Management within the Financial Services Industry.

Knowledge:

• Knowledge of Mortgage Bank’s operations/services/products.
• Knowledge of Credit Analysis, Administration and Processes
• Knowledge of the Banking Industry and Banking Operations
• Knowledge of Banking products and process
• Knowledge of Operational Risk Management
• Knowledge of Banking applications
• Knowledge of Financial Markets.

Salary
N3,100,000 - N5,100,000 annually.

Application Closing Date
16th May, 2025.

How to Apply
Interested and qualified candidates should send their current CV to: victor.allu@westfield-consulting.com using the Job Title as the subject of the email.

Note: Only shortlisted candidates will be contacted, thank you.