Credit Officer

Key Responsibilities 

• Evaluates creditworthiness of potential borrowers. (individuals, businesses, or organizations). 

• Reviews financial history, income, assets, liabilities, and other factors of an applicants, to make approval decisions 

• Monitors the repayment of existing loans, and take actions to recover the debts if necessary 

• Provides broad administrative support for the activities of the Credit Analysis 

• Provides end-to-end management of the credit Committee Meeting process 

• Assists with audit queries, action trackers, application logs etc. 

• Conducts research and analysis on the credit profiles of applicants 

• Prepares and presents credit proposals, reports, and recommendations to management or the credit committee, 

• Negotiates credit terms and conditions, preparing and issuing contracts and documents 

• Maintains records of credit transactions, payments, and balances, 

• Communicate Credit Decisions to relevant stakeholders including approvals/ratification lists to the Credit Committee and Board Credit Committee. 

• Provides customer service and support, as well as identifies and manages risks of default, delinquency, or fraud. 

• Collates, packages, and dispatches information to approving authorities (Senior Management, Credit Committee, Board Credit Committee [BCC] and Board) in a timely manner. 

• Follow up with the relevant Approvers/Committees on feedback for Credit Submissions and track to closure all actions arising from meetings and/or approval requests. 

• Responsible for the storage, maintenance and retrieval of all relevant documents relating to the Credit Analysis 

• Collates and arranges the dispatch of information to internal and external auditors as may be required. 

Technical Competencies and Personal Abilities

 • Possesses a combination of hard and soft skills to perform the job effectively. 

• Possesses analytical skills for assessing financial data making sound decisions based on facts and figures. 

• Possesses communication skills to communicate clearly with applicants, management, and other stakeholders. 

• Customer service skills for building trusting relationships with customers and providing them with courteous service. 

• Organizational skills 

• Ability to manage multiple tasks and deadlines, 

• Attention to detail and accuracy to ensure the quality of loan documents and reports. 

Requirements and Qualifications 

• Bachelor's degree in finance, accounting, economics, or business administration. 

• master's degree, professional certification, or license in the field would be an advantage 

• Work experience in banking, lending, or credit analysis. You can then pursue a master's degree, certification, or license in the field to increase your credibility and competitiveness. 

• Finally, you need to apply for credit officer positions with various lenders and pass a background check and interview. 

• Demonstrate knowledge of the credit process and industry standards 

• A Certified Credit Professional Certificate will be an advantage