Head of Credit

Responsibilities:

• Design and implement robust credit policies and procedures that align with the company's objectives and regulatory requirements.
• Assess and monitor credit risks to ensure the credit portfolio remains within acceptable risk limits.
• Conduct regular portfolio reviews to identify and mitigate potential risks.
• Define credit approval framework and recommend credit approval limits.
• Oversee the evaluation of customer creditworthiness through financial analysis, credit reports, and other relevant data.
• Approve or recommend credit limits and terms for customers, ensuring compliance with the company's credit policies.
• Ensure no lapses of error, and balance reconciliation for all credit activities efficiently.
• Coordinate and provide advice on credit exposure, as well as manage the process of credit application and ensure that all support documents are on track and promptly.
• Ensure that all current standards and processes are well documented, regularly updated, and made available to applicable team members for reference.
• Monitor violations of credit policies, provide analysis, conclusion, and recommendations, present findings to management, and suggest actions/penalties to be taken when appropriate.
• Create and implement fund acquisition initiatives.
• Maintain a robust fund pipeline to support business credit activities.
• Build and manage relationships with funding partners.
• Provide regular and up-to-date reports on all lender-related funding activities.
• Lead and develop the credit team, providing mentorship, training, and performance management.
• Partner with the Vendor, Trade, Logistics, Legal and Finance teams to support business growth while ensuring prudent credit practices.
• Engage with external stakeholders, including financial institutions and auditors, to manage credit-related matters effectively.
• Generate detailed credit reports and dashboards for management, providing insights into portfolio performance and trends.

Requirements:

• A degree in Economics, Finance, Accounting, or a related field.
• 8-10 years of experience in credit management, risk assessment, or related roles, with at least 4 years in a leadership capacity.
• Professional certifications such as CFA, ACA, or similar are desirable.
• Experience using data analysis tools to analyze processes/performance and make suggestions & improvements.
• Have strong knowledge of credit risk analysis, credit policies, and regulatory requirements.
• Be big on influencing and negotiating.
• Have a high degree of professionalism, maturity, and confidentiality.
• Be Information seeking with analytical thinking and decision-making.
• Can work collaboratively across departments and with external partners.
• Strong leadership and team management capabilities.

Location: Lagos

Work Mode: Hybrid