Credit Officer at DAG Industries Nigeria Limited

DAG Industries Nigeria Limited - We provide the most popular range of Bajaj motorcycles, Bajaj tricycles, Bajaj genuine spares, MRF tyres, DAG lubricants and unfaltering after sales service. Backed by its untiring team of professional and trained technicians, authorized service stations and its own service center, DAG has been instrumental in developing Nigeria through building infrastructure and creating jobs thereby providing a livelihood for the common people in Nigeria. We at DAG are committed to provide genuine spare parts, accessories, and a never failing support to its customers and business associates.

We are recruiting to fill the position below:

Job Title: Credit Officer

Location: Ikeja, Lagos
Employment Type: Full-time

Job Summary

• The Credit Officer is responsible for assessing the creditworthiness of customers, managing credit approvals, monitoring receivables, and ensuring timely recovery of outstanding debts.
• The role aims to minimize financial risk while supporting business growth through sound credit decisions.

Key Responsibilities
Credit Assessment & Approval:

• Review credit applications and supporting documents from customers
• Analyze financial statements, bank reports, and credit history
• Conduct risk assessments to determine credit limits and terms
• Recommend approval, modification, or rejection of credit requests
• Maintain accurate records of all credit evaluations.

Accounts Receivable Management:

• Monitor customer accounts to ensure adherence to credit terms
• Track outstanding invoices and aging reports
• Follow up on overdue payments through calls, emails, and visits
• Resolve billing disputes that may delay payment.

Debt Recovery:

• Develop and implement effective collection strategies
• Negotiate payment plans with delinquent customers
• Escalate chronic defaulters for legal action where necessary
• Coordinate with sales teams to ensure collections are prioritized.

Reporting & Documentation:

• Prepare periodic credit reports and aging analysis
• Maintain updated customer credit files and documentation
• Provide management with insights on credit risk exposure
• Ensure compliance with company credit policies and procedures.

Risk Management & Compliance:

• Identify potential bad debts and recommend provisions
• Monitor market trends that may affect customer solvency
• Ensure all credit activities comply with regulatory requirements
• Support internal and external audits related to credit processes.

Key Performance Indicators (KPIs)

• Reduction in overdue receivables
• Collection efficiency ratio
• Number of default accounts
• Adherence to credit approval timelines
• Accuracy of credit assessments.

Qualifications & Requirements
Education:

• Bachelor’s degree in Finance, Accounting, Business Administration, Economics, or related field.

Experience:

• 2–5 years experience in credit control, accounts receivable, or finance
• Experience in credit analysis and debt recovery is an advantage.

Skills & Competencies:

• Strong analytical and risk assessment skills
• Excellent negotiation and communication abilities
• High level of integrity and attention to detail
• Proficiency in Microsoft Excel and accounting software
• Ability to work under pressure and meet deadlines
• Good interpersonal and customer management skills.

Preferred Attributes:

• Knowledge of credit management principles and financial analysis
• Experience with ERP or accounting systems.

Application Closing Date
25th March, 2026.