Credit Analyst at Sonora Credit and Advisory Limited

Sonora Credit is a premier financial services firm, we grant non collateralized short-term loans to individuals and SME to meet urgent financial needs.

We are recruiting to fill the position below:

Job Title: Credit Analyst

Location: Lagos

Description

• We are seeking a credit/risk analyst who will beresponsible for evaluating loan applications, assessing borrowers' creditworthiness, and identifying potential risks associated with lending decisions.
• The role involves analyzing financial and non-financial information, making recommendations on loan approvals, monitoring the loan portfolio, and ensuring compliance with company policies and regulatory requirements while maintaining the quality of the loan book.

Key Responsibilities

• Review and assess loan applications from individuals and businesses.
• Analyze applicants' financial statements, bank statements, income, cash flow, and credit history.
• Perform credit risk assessments using internal scoring models and underwriting guidelines.
• Recommend loan approval, decline, or modification based on risk analysis.
• Conduct affordability and debt service capacity assessments.
• Identify, measure, and mitigate credit risks within the loan portfolio.
• Monitor existing loans for early warning signs of default and recommend appropriate actions.
• Prepare detailed credit appraisal reports and present recommendations to the credit committee or management.
• Ensure compliance with internal credit policies, lending regulations, and risk management frameworks.
• Collaborate with collections, underwriting, sales, and operations teams to improve portfolio performance.
• Maintain accurate loan documentation and risk assessment records.
• Analyze portfolio trends, default rates, and delinquency reports to support strategic decision-making.
• Assist in developing and improving credit policies, risk models, and underwriting procedures.

Qualifications

• Bachelor's Degree in Finance, Accounting, Economics, Banking, Business Administration, or a related field.
• 2–5 years of experience in credit analysis, risk management, lending, or loan underwriting.
• Experience working in a microfinance institution, fintech, commercial bank, or consumer lending company is preferred.
• Professional certifications in risk management or finance are an advantage.

Required Skills:

• Strong financial analysis and credit assessment skills.
• Knowledge of lending principles and loan underwriting.
• Understanding of credit risk management and portfolio monitoring.
• Ability to analyze financial statements and cash flow.
• Strong analytical and problem-solving abilities.
• Excellent report writing and presentation skills.
• High attention to detail and sound judgment.
• Proficiency in Microsoft Excel and financial analysis tools.
• Knowledge of loan management systems is an advantage.

Application Closing Date
Not Specified.

How to Apply
Intrested and qualified candidates should forward their CV to: career.sonora@gmail.com using the job title as the subject of the mail.