Credit risk and assessment officer is responsible for managing the risks that arise from lending money to others. They analyse the creditworthiness of potential borrowers and decide whether or not to extend them loans. Credit risk officers also monitor existing loans to ensure that borrowers continue to meet their obligations under these agreements. The Recovery Officer is also responsible for the collection of debts prior to legal recovery proceedings commencing, negotiating payments/payment arrangements, handling debtor enquiries and provides administrative assistance to the team.
Reviewing loan applications, credit reports, and other documentation to determine whether to approve or deny loans
Evaluating potential risks and recommending solutions to increase profits while maintaining safety standards
Educating clients on how to improve their credit score or manage their debt to avoid delinquency or default
Analyzing industry trends to identify new opportunities for lending, investment, or insurance products
Identifying new markets for lending or investment opportunities, including identifying new clients and industries where the company has not yet established a presence
Reviewing applications for large consumer loans such as mortgage applications to determine whether they meet the lender’s criteria
Working with legal staff to draft contracts, agreements, and other legal documents
Monitor overdue and defaulted loans daily to timely provide an update or recommendation to upper manager.
Prepare and submit daily reports of the overdue and repayment for all credit facilities to keep all related stakeholders informed of the status.
Applicant must have at least two (2) years working experience in micro credit environment
Must have a minimum of HND
Must be a team player