Pennylender Limited - We are a financial institution where we give all types of loans to customers e.g SME Loan, Salary Loan, Travel Loan, Market Loan.
We are recruiting to fill the position below:
Job Title: Credit Risk Officer
Location: Sabo - Yaba, Lagos
Employment Type: Full-time
Responsibilities
- Conduct thorough credit assessments of potential clients.
- Review and assess credit applications and make informed decisions on credit approvals.
- Monitor and analyze credit data to determine the risk involved in lending.
- Evaluate the creditworthiness of existing customers and provide recommendations.
- Develop and implement risk mitigation strategies.
- Identify potential risks and propose solutions to mitigate them.
- Monitor and track the performance of credit portfolios.
- Prepare detailed credit reports and present findings to key stakeholders.
- Liaise with internal teams to ensure compliance with credit policies and regulations.
- Contribute to the development and enhancement of credit risk models.
- Assess market trends and industry risks that may impact the organization.
- Provide insights and recommendations to improve credit processes.
- Collaborate with cross-functional teams to optimize credit risk strategies.
- Stay updated on industry best practices and regulatory requirements.
- Support the overall risk management framework of the company.
Your impact:
- Achieved a decrease in default rates within the first year.
- Increased the accuracy of credit assessments leading to a reduction in bad debt.
- Implemented a new credit risk monitoring system resulting in improved risk management.
- Regularly reviewed credit policies to ensure alignment with industry standards.
- Enhanced the efficiency of credit evaluations leading to a faster turnaround time.
- Developed and implemented strategies that increased profitability.
- Successfully managed a portfolio of high-risk accounts resulting in minimized losses.
Essential Skills and Requirements
- Bachelor's Degree in Finance, Economics, Business Administration, or related field.
- 2 - 5 years proven work experience as a Credit Risk Officer or in a similar role within the financial industry.
- Strong understanding of credit risk analysis and management principles.
- Familiarity with credit risk models, methodologies, and regulatory requirements.
- Excellent analytical skills and the ability to interpret complex financial data.
- Proficiency in financial analysis tools and software.
- Strong attention to detail and accuracy in credit assessments.
- Effective communication skills with the ability to present findings and recommendations.
- Goal-oriented mindset with the ability to work under pressure and meet deadlines.
- Ability to work collaboratively in a team environment.
The character we’re looking for:
- Results-Driven Achiever: Consistently delivers measurable outcomes and surpasses expectations.
- Analytical Problem Solver: Excels in dissecting complex issues and finding effective solutions.
- Strategic Risk Manager: Plans and executes risk management strategies with foresight.
- Detail-Oriented Executor: Ensures precision and accuracy in all tasks and processes.
- Efficiency Catalyst: Drives streamlined operations and optimized processes for maximum efficiency.
- Proactive Policy Navigator: Navigates and implements policies with foresight and adaptability.
Application Closing Date
23rd December, 2024.
Sorry, this listing is no longer open.
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