About the Role
Pact Microfinance Bank Limited is a bold, digitally enabled financial institution committed to empowering individuals, businesses, and communities through inclusive financial solutions. We are seeking a detail-oriented and analytical Credit Risk Officer to assess credit applications, evaluate borrowers' creditworthiness, monitor credit risk exposure, and ensure compliance with our credit policies and regulatory requirements.
Key Responsibilities- Assess and analyse loan applications and supporting documentation.
- Conduct comprehensive credit assessments and evaluate borrowers' creditworthiness.
- Review financial statements, cash flows, credit history and other relevant financial information.
- Recommend appropriate credit limits, loan amounts, repayment terms and risk mitigation measures.
- Identify, assess and monitor potential credit risks within the loan portfolio.
- Conduct regular reviews of existing credit facilities and customer accounts.
- Monitor portfolio performance and identify early warning signs of potential default.
- Prepare detailed credit analysis and risk assessment reports for management and credit committees.
- Ensure all credit decisions comply with approved policies, procedures and regulatory requirements.
- Liaise with Relationship Managers, Business Development Officers and other relevant teams regarding credit requests.
- Maintain accurate and up-to-date credit documentation and records.
- Provide recommendations on risk mitigation, restructuring and recovery strategies where necessary.
- Stay informed about changes in economic conditions, industry trends and regulatory requirements affecting credit risk.
- Support the development and improvement of credit risk policies, procedures and processes.
- Bachelor's degree in Accounting, Finance, Economics, Business Administration or a related field.
- 2–4 years of relevant experience in credit risk, credit analysis, lending or a related financial services role.
- Strong knowledge of credit assessment and financial analysis.
- Good understanding of lending principles, credit risk management and loan portfolio monitoring.
- Strong analytical, numerical and problem-solving skills.
- Excellent attention to detail and ability to make sound risk-based decisions.
- Good knowledge of Microsoft Office, particularly Excel.
- Excellent communication and report-writing skills.
- Ability to work independently and effectively within a team.
- Experience in a microfinance bank, commercial bank, fintech or other financial institution is an advantage.
- Knowledge of relevant CBN regulations and applicable credit risk guidelines is an advantage.
- Professional certification in banking, finance, risk management or a related field is an added advantage.
- Opportunity to work with a bold, digitally enabled financial institution.
- Collaborative and growth-oriented work environment.
- Exposure to industry-leading credit risk practices and professional development opportunities.
- Competitive remuneration package.