Expires 1 week from now
Credit Analyst
full-time
Lekki,
Lagos
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Job Summary
The Credit Analyst is responsible for conducting comprehensive credit assessments for loan facilities by analyzing the financial health, business viability, and collateral position of prospective and existing borrowers. The role supports sound lending decisions and helps maintain the quality of Canary Point Finance’s credit portfolio while enabling timely and well-informed credit approvals that support business growth. The role requires strong analytical and financial analysis skills, as well as a solid understanding of credit risk principles. The Credit Analyst collaborates with relationship managers, risk teams, and senior management to ensure accurate credit evaluations, informed decision-making, and compliance with internal credit policies and regulatory requirements.
Job Details
- Conduct thorough financial analysis of loan applications including review of financial statements, cash flow projections, and debt service coverage calculations
- Analyze business models, operating history, and industry dynamics of applicants to assess viability and risk
- Perform collateral valuation and assessment for various security types including receivables, inventory, property, and equipment
- Verify documentation including business registration, financial records, and collateral ownership
- Prepare comprehensive credit memoranda with clear recommendations for Credit Committee review, including risk ratings and pricing recommendations
- Conduct site visits to applicant business premises to verify operations and collateral existence
- Monitor existing portfolio through periodic reviews of customer financial performance and collateral coverage
- Analyze industry trends and risks for key sectors to inform credit decisions and portfolio concentration limits
- Support relationship managers with credit structuring advice and documentation requirements
- Maintain credit files and documentation in compliance with CBN requirements and internal audit standards
Requirements
- Bachelor's degree in Accounting, Finance, Economics, or related field; professional qualification (ACIB, ACA, ACCA, CFA) is an advantage
- Minimum 3-5 years of credit analysis experience in a bank or financial institution, preferably with SME or commercial lending exposure
- Experience analyzing various loan types including working capital, asset financing, and term loans
- Strong understanding of financial statement analysis, ratio analysis, and cash flow modeling
- Knowledge of collateral types and valuation methodologies
- Familiarity with CBN regulations for finance companies and credit risk management guidelines
Benefits
- 13th Month salary.
- Health Maintenance Organisation (HMO) coverage.
- Pension contribution.
- Paid annual leave.
- Group Life Insurance.
