Loan Officer

Responsibilities:

Loan Origination & Portfolio Management:

• Identify, prospect, and onboard high-quality individual and business borrowers across Lagos.
• Guide applicants through the loan application process, ensuring all required documentation and background checks are complete.
• Manage an active loan portfolio, ensuring strong client retention, prompt repayments, and continuous portfolio health.

Credit Assessment & Risk Management:

• Conduct thorough financial analysis, cash flow evaluations, and risk assessments of applicants to determine creditworthiness.
• Perform physical site visits, business appraisals, and background/collateral verifications.
• Evaluate collateral and verify guarantor credentials in line with internal credit policies and regulatory standards.
• Prepare comprehensive credit appraisal memos and present recommendations to the Credit Committee.

Monitoring & Collections:

• Monitor repayment schedules and maintain proactive communication with clients to prevent delinquencies.
• Implement early-stage recovery strategies for past-due accounts and work with the recovery team to manage default risks.
• Maintain a Non-Performing Loan (NPL) ratio strictly within approved company thresholds.

Compliance & Reporting:

• Ensure strict adherence to company credit policies, Know Your Customer (KYC), Anti-Money Laundering (AML), and relevant regulatory frameworks.
• Maintain complete, accurate, and up-to-date physical and digital borrower files.
• Prepare weekly and monthly portfolio performance reports for executive management.

Requirements:

• HND in Finance, Banking, Accounting, Economics, Business Administration, or a related field.
• 3-5 years of proven experience as a Loan Officer or Credit Analyst in a Microfinance Bank (MFB), Commercial Bank, or Fintech company in Nigeria.
• Strong ability to analyze financial statements, assess SME cash flows, and evaluate collateral values.
• Hands-on experience with Banking Software / Loan Management Systems (LMS) and Microsoft Excel.
• Deep knowledge of the Lagos commercial and retail lending landscape, local business hubs, and credit bureau reporting frameworks (e.g., CRC, FirstCentral).

Soft Skills & Competencies:

• Excellent negotiation, communication, and interpersonal skills.
• High ethical standards, integrity, and sound professional judgment.
• Target-oriented mindset with the ability to work under pressure.

Benefits & What We Offer:

• Remuneration: NGN 200,000 – 400,000 monthly (commensurate with experience and proven track record).
• Incentives: Performance-based bonuses tied to portfolio growth and quality targets.
• Benefits: Health Insurance (HMO), paid annual leave, mobile/airtime allowances, and career advancement opportunities.