Summary
Date Posted: Thursday, August 22 2024, Base Salary: Not Disclosed

JOB DETAILS:
A Credit Officer plays a crucial role in assessing and managing credit risk. Their primary responsibilities include:
1. Loan Application Review: Evaluating loan applications, credit reports, and financial statements to determine creditworthiness.
2. Credit Analysis: Assessing borrowers’ credit history, income, and debt-to-income ratio to predict repayment ability.
3. Risk Assessment: Identifying potential risks and determining the likelihood of default.
4. Loan Approval or Rejection: Making informed decisions to approve or reject loan applications based on creditworthiness.
5. Loan Structuring: Determining loan terms, interest rates, and repayment schedules.
6. Credit Monitoring: Regularly reviewing borrowers’ credit profiles and adjusting loan terms or credit limits as needed.
7. Collections: Managing overdue accounts and negotiating payment plans.
8. Compliance: Ensuring adherence to regulatory requirements and company policies.
9. Portfolio Management: Maintaining a healthy loan portfolio by minimizing defaults and maximizing returns.
10. Reporting: Providing credit-related insights and performance metrics to management.

The Credit Officer must possess:
– Strong analytical and problem-solving skills
– Excellent communication and negotiation skills
– Ability to make sound credit decisions
– Knowledge of credit regulations and industry standards
– Attention to detail and organisational skills

Education Requirement: No Requirements

Job Experience: No Requirements

Work Hours: 8

Experience in Months:

Level of Education:

Job application procedure
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• Only suitable, experienced, skilled candidates are encouraged to apply For this role. Applications, accompanied by a detailed curriculum vitae and a cover letter.

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