Credit Analyst at Balogun Gambari Microfinance Bank Limited

Balogun Gambari Microfinance Bank Limited was established and promoted by Gambari, Ibagun and Zango Ward 1 to cater to the banking needs of the community and its environs. The Bank then was established and incorporated under the Company and Allied Matters Act 1990 as a Limited Liability Company and commenced banking operations on the 28th of June, 1994 at her registered office at 1 Ojagboro Junction, Balogun Gambari Road, Ilorin. Following the successful recapitalization exercise in 2008, the Bank’s name was changed from Community Bank to Balogun Gambari Microfinance Bank and located at the same registered address after meeting the statutorily required capital base.

The Bank was saddled with the responsibility of providing banking services to the people of the immediate community and its environs and promoting the savings Habits of the active poor, most of whom the conventional banks could not serve. Balogun Gambari Microfinance Bank also focuses on Small and Medium Scale Enterprises, Traders, Farmers, the underserved and those with a flair for accurate high returns on investments.

We are recruiting to fill the position below:

Job Title: Credit Analyst

Location: Ilorin, Kwara
Employment Type: Full-time

Job Purpose

• The Credit Analyst will provide credit administration support and service. 
• The primary focus of this role is to perform credit analysis and risk assessment on current and potential customers/guarantors for all business loans and assist with monitoring designated loan portfolios.

Duties and Responsibilities

• Compare liquidity, profitability, and credit histories of individuals or companies being evaluated with similar establishments to determine risk.
• Compile reports regarding finance and credit data.
• Manage files and records.
• Complete credit analyses, summaries of loan requests, and submit them to loan committees for approval.
• Review individual or commercial customer files to identify and select delinquent accounts for collection.
• Minimize bad debt risk and maximize accounts receivable collections.
• Keeping company credit exposures within set risk-bearing limits
• Making recommendations about procedural/policy changes
• Analyzing client records and using the data to recommend payment plans
• Conferring with credit associations and references to exchange credit information on clients
• Prepare daily/weekly/monthly/annual reports that include the degree of risk involved in extending credit or lending money.
• Evaluate customer records and recommend payment plans based on earnings, savings data, payment history, and purchase activity.
• Assess the creditworthiness of existing or prospective clients
• Examine financial transactions and credit history case by case (applications, statements, balance sheets, legal documents etc.)
• Complete ratio, trend and cash flow analyses and create projections
• Deliver a multidimensional perspective on the investment outlook in an accessible and informative manner
• Determine in depth the degree of risk involved
• Carefully analyze data and produce clear and objective reports
• Routinely monitor loans for compliance
• Adhere to credit policy and guidelines
• Monitor corporate portfolio asset quality on an ongoing basis
• Draft models of credit information that predict trends and patterns

Qualifications

• Candidates should possess an HND / BSc in Accounting, Finance, Statistics or relevant field
• Demonstrated success as a credit analyst or similar financial analyst role, preferably within credit administration in a commercial bank or like an institution.
• Evidence of completion / exemption of / from NYSC

Experience:

• Minimum of 4 years of credit & risk preferably in the financial industry.
• Previous experience as Financial Controller in a financial institution
• In-depth knowledge of corporate financial law, financial management practices and procedures.
• A solid understanding of financial statistics and accounting principles
• Working knowledge of all statutory legislation and regulations

Skills:

• Strong financial analysis skills with the ability to prioritize and manage workflow under strict deadlines.
• Highly organized, and detail-oriented, with solid verbal and written communication, including the ability to interface confidently with senior executives.
• Persistence, flexibility, a high service orientation, a reputation for dependability, professionalism and a commitment to teamwork.
• Polished, professional business image is of utmost importance as this person will work with senior management and customers on an ongoing basis.
• Proficient in the use of MS excel and word.

Application Closing Date
4th January, 2023.