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 evaluating and managing credit facilities related to vehicle sales, financing, and leasing transactions.
• The role ensures effective credit risk assessment, timely collections, and compliance with company credit policies while supporting automobile sales growth through structured credit solutions.

Key Responsibilities
Credit Evaluation & Processing:

• Assess credit applications for vehicle financing, hire purchase, or installment sales.
• Analyze customer financial records, income statements, bank statements, and credit history.
• Conduct background verification and credit checks on individual and corporate customers.
• Recommend credit approvals, limits, and payment structures based on risk assessment.
• Ensure all documentation required for vehicle financing is complete and compliant.

Automobile Credit Administration:

• Manage credit accounts relating to vehicle purchases and fleet financing.
• Verify collateral documentation including vehicle ownership records and insurance coverage.
• Ensure proper documentation of loan agreements, guarantor forms, and repayment schedules.
• Maintain accurate customer credit files and transaction records.

Accounts Receivable & Collections:

• Monitor repayment schedules for financed vehicles.
• Follow up on overdue vehicle payments through calls, reminders, and customer visits.
• Work closely with sales and operations teams to resolve payment issues.
• Initiate recovery actions for defaulting customers including repossession processes where necessary.

Risk Management:

• Monitor customer exposure levels and enforce approved credit limits.
• Identify early warning signs of default and recommend corrective actions.
• Reduce bad debt exposure through proactive monitoring.
• Ensure compliance with company credit policy and regulatory requirements.

Collaboration:

• Liaise with Sales Team to structure customer-friendly but secure financing arrangements.
• Work with legal and recovery teams on delinquent accounts.
• Support dealership network and field teams on credit-related matters.

Reporting:

• Prepare credit performance reports and debtor aging analysis.
• Track loan portfolio performance and default trends.
• Provide periodic management reports on credit risk and collections.

Key Performance Indicators (KPIs)

• Loan repayment performance
• Reduction in overdue vehicle accounts
• Days Sales Outstanding (DSO)
• Default rate / Non-performing accounts
• Collection efficiency ratio

Qualifications & Experience

• Bachelor’s Degree in Finance, Accounting, Business Administration, Economics, or related field.
• Experience with vehicle financing, leasing, or hire purchase arrangements.

Required Skills & Competencies:

• Strong credit risk assessment skills
• Knowledge of automobile financing structures
• Financial analysis and loan evaluation
• Debt recovery and negotiation skills
• Understanding of vehicle documentation and collateral management
• Excellent communication and customer relationship skills
• Proficiency in Microsoft Excel and ERP systems

Preferred Industry Experience:

• Automobile dealership operations
• Vehicle financing companies
• Fleet leasing organizations
• Asset financing institutions

Application Closing Date
30th April, 2026.

How to Apply
Interested and qualified candidates should send their Resume to: Kingsley.o@bajajnigeria.com using the Job Title as the subject of the email. Eg.- Credit Officer- Ajah.