Credit Officer

Responsibilities:

• Evaluate loan applications and assess credit risk, including reviewing financial statements, credit reports, and other relevant information.
• Analyze loan portfolios and monitor performance, including identifying and mitigating risks.
• Ensure compliance with lending policies and regulations, including underwriting guidelines, anti-money laundering regulations, and fair lending practices.
• Manage loan disbursements and collections, monitor repayment schedules, and follow up on delinquent accounts.
• Communicate effectively with loan applicants, borrowers, and other stakeholders, including providing feedback and guidance throughout the loan application process.
• Develop and maintain relationships with other lending institutions and service providers.
• Identify and recommend process improvements and best practices.
• Assist with other lending and credit functions as needed.

Requirements:

• Diploma/degree in finance, business, economics, or a related field
• Minimum of 2-5 years of experience in commercial lending, credit analysis, or a related field
• Strong understanding of lending and credit principles and practices
• Familiarity with lending regulations related to underwriting, anti-money laundering, and fair lending practices
• Excellent analytical skills, including evaluating financial statements and credit reports
• Strong communication and interpersonal skills
• Ability to work independently and as part of a team
• Proficiency in Microsoft Excel and other office software
• Experience in a financial institution or a similar industry is a plus