The Credit Risk Analyst will assist in assessing the creditworthiness of an individual or company.
This would be done by gathering financial/non-financial information about an obligor and making recommendations as appropriate on credits.
He/she should be up to date on the happenings in various industries to enhance the quality/requirements for credit applications and be able to make recommendations to the organization on procedural or policy changes.
This position has no direct supervisory responsibilities but does serve as a coach and mentor for other positions in the department.
Duties / Responsibilities
Evaluate clients’ credit data and financial statements in order to determine the degree of risk involved in lending money to them.
Review and analyze credit requests to determine financial and non-financial strengths, risk levels, and feasibility of proposed credit relationships and transactions.
Prepare reports and communicate regularly about the degree of risk in lending money to clients.
Develop and prepare spreadsheets and models to support analysis of new and existing credit applications.
Fill out loan applications and include the credit analysis and loan request summaries, then submitting these loan applications to loan committees for their approval.
Conduct thorough analysis of financial statements and assessment of credit requests, including new requests, changed requests, refinancing and annual due diligence.
Education and Experience
Bachelor’s Degree in Finance, Accounting, or other business-related fields
Minimum of 4 – 5 years of experience
Professional qualification in; Financial Risk Management (FRM), Association of Chartered Certified Accountants (ACCA), Institute of Chartered Accountants of Nigeria (ICAN)
Superior quantitative analysis skills
Strong analytical and critical thinking skills
Good understanding of financial statements, spreadsheets, ratios, and concepts.
Excellent verbal and written communication skills.
Strong problem solving, decision making and research skills
Ability to pay attention to details
Good investigative skills
Proficient with Microsoft Office Suite, SQL/relational databases and or related software