Credit Analyst at Personal Trust Microfinance Bank Limited

Personal Trust is a Microfinance Bank in Lagos and a subsidiary of First Ally Capital Limited (FACL). Formerly known as Personal Trust Savings and Loans, the Bank was registered in 1993 and operated as a Mortgage Bank until its conversion to a Microfinance Bank in 2014. Personal Trust has a branch network at strategic locations in Lagos State and provides banking services to individuals, micro, Small and medium enterprises (MSME).

We are recruiting to fill the position below:

Job Title: Credit Analyst

Location: Lagos Mainland, Lagos
Employment Type: Full-time

Job Summary

• The Credit Analyst will perform credit analysis and risk assessment on current and potential customers to determine their eligibility in line with the credit guidelines and policies of the bank.

Duties and Responsibilities

• Ensure high-quality evaluation of credit applications and customers to determine if they meet the eligibility and acceptability criteria of the bank in line with the credit policy and guidelines
• Ensure that all terms and conditions (pre and post disbursement conditions) of approval are met, and all security documents are in place prior to disbursement.
• Ensure on-site inspection and monitoring of customer’s businesses and collaterals when necessary
• Maintain control and custody of all security documents in conjunction with the legal department
• Research and evaluate credit applicant's financial status, references, credit and risk to determine the eligibility of the application
• Perform credit status inquiries and interface with Credit Bureaus.
• Ensure that adequate and timely loan loss provisions are made based on actual and expected losses.
• Ensure proper documentation of all incoming and outgoing credit documents.
• Interview loan applicants and guarantors when necessary.
• Compare the liquidity, profitability, and credit histories of the individual or company being evaluated with those of similar establishments to determine risk.
• Routinely monitor loans for compliance.
• Formulate and implement appropriate strategies and actions to maximize recovery of non-performing accounts and minimize credit loss.
• In conjunction with the remedial team, evaluate collateral and documentation to identify a recovery or remedial strategy for restructured accounts.
• Any other responsibility assigned by Management.

Qualifications

• HND / B.Sc in Accounting, Finance, Statistics, or any related field
• Evidence of completion or exemption from NYSC.

Experience:

• Demonstrated experience as a credit analyst in a Microfinance Bank or any other financial institution.

Skills:

• Strong financial analysis skills with the ability to prioritize and manage workflow under strict deadlines
• Highly organized, detail-oriented, and with solid verbal and written communications skills
• Persistence, flexibility, and a high service orientation, as well as a reputation for dependability, professionalism, and a commitment to teamwork
• Proficient in the use of MS Office Suite.
• Ability to multitask and handle pressure.

Application Closing Date
20th November, 2023.

Method of Application
Interested and qualified candidates should send their CV to: [email protected] using the Job Title as the subject of the email.