Boctrust Microfinance Bank is a financial institution licensed by the Central Bank of Nigeria to give social and economic Support to the lower middle class, working class and the economically active poor.
We are recruiting to fill the position below:
Job Title: Senior Credit Analyst
Location: Lagos
Employment Type: Full-time
Position Summary
The Senior Credit Analyst will be responsible for evaluating and underwriting consumer credit applications, with a strong emphasis on payroll/salary-backed loans.
You will assess borrower creditworthiness, analyze risk factors, ensure compliance with lending policies, and help optimize default management frameworks.
Key ResponsibilitiesCredit Assessment & Underwriting:Evaluate and process complex payroll loan applications in accordance with internal credit policies and regulatory standards.
Analyze financial information, bank statements, employment verification, pay stubs, and credit bureau reports (e.g., CRC, FirstCentral) to evaluate creditworthiness.
Risk Analysis & Management:Identify potential risk drivers in payroll lending portfolios (e.g., job instability, employer default/delay in remittance, high debt-service ratios).
Monitor portfolio performance, perform variance analysis, and recommend adjustments to credit limits and underwriting criteria.
Assist in early-stage delinquency detection and work closely with the Collections & Recovery team to minimize non-performing loans (NPLs).
Policy & Process Improvement:Review, update, and refine credit scoring models and loan approval workflows to improve turn-around time (TAT) without compromising risk standards.
Collaborate with Sales, and Operations teams to design competitive payroll lending products and seamless customer journeys.
Reporting & Team Leadership:Prepare detailed credit evaluation reports and present loan recommendations to the Credit Committee.
Mentor and provide technical guidance to junior credit analysts and underwriting officers.
Key Requirements & Qualifications
Education: Bachelor’s Degree in Banking & Finance, Economics, Accounting, Statistics, or a related field. Professional certifications are an added advantage.
Experience: Minimum of 3–5 years of experience in credit analysis and underwriting within a microfinance bank, fintech or finance company.
Payroll Lending Expertise: Proven track record in underwriting payroll-backed / salary loans (e.g., Remita, IPPIS, direct debit mandates, automated payroll deduction platforms)
Technical Skills:Strong proficiency in credit scoring tools, credit bureau portals, and loan management systems (LMS).
Advanced Microsoft Excel skills for data analysis, financial modeling, and portfolio reporting.
Analytical Mindset: Excellent quantitative skills with sharp attention to detail and risk identification.
Application Closing DateNot Specified.
How to Apply
Interested and qualified candidates should send their CV to: [Email hidden - Login to reveal] using the Job Title as the subject of the mail.
How To Apply
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Attach your Application letter, updated Curriculum Vitae (CV) and any supporting documents required.
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Make sure to send your application before the closing date.
Note: Only shortlisted candidates are contacted.
