Credit Risk Analyst (HeliumCredit) at Helium Health – Lagos (Hybrid)
Job Description
We are looking to hire a Credit Risk Analyst responsible for evaluating the risks involved in loan financing by initiating background research on the borrower, analyzing their financial data, and deciding whether or not to extend their credit.
Responsibilities:
- Review and analyze credit applications, including financial statements, credit scores, and other relevant data.
- Assess the creditworthiness of applicants based on identified risk factors and established risk acceptance criteria (RAC).
- Conduct background checks on clients and assess their financial stability.
- Consult and negotiate with customers regarding financial transactions, payment terms, and credit limits.
- Conduct second-level loan assessment (if needed) and submit decision for approval.
- Assist in the development of credit risk mitigation strategies.
- Use data and analysis to work with others in solving complex problems around profitability, marketing, risk, and operational analysis.
- Uses analytical methods to build credit and risk models including credit underwriting, product optimization, and operational process analysis.
- Contribute to the design of experiments and use of stress testing of the loan portfolio, control strategies for collections, marketing, and operations, analyze results, and build predictive models to forecast future outcomes.
- Develop strategies to help improve the loan application process.
- Verify client information and all documents for authenticity and detection of fraud, adhering to credit policy guidelines and regulatory policies.
- Collaborate with credit operations, collections & recovery, growth & collection associates, and other internal & external stakeholders to facilitate smooth loan processing and collections.
- Monitor loans for compliance conduct research and evaluate how changes in the macroeconomic environment (including competitor trends) impact the performance of credit portfolios.
- Monitor, observe, and report on trends and patterns that will improve the loan process.
- Support the development of automated processes to enable efficient collection operations.
- Collect and track various datasets and metrics across all the teams within HeliumCredit.
- Collaborate with collections & recovery, and other relevant teams to address any issues of high non-performing loans in the company portfolio.
- Ensure non-performing loans and write-offs are within the range stipulated by the credit policy and regulatory authorities.
- Assist in audits and regulatory examinations, providing necessary documentation, and answering queries in this regard.
- Stay updated with regulatory change and industry best practices in credit risk and lending.
- Demonstrate service excellence
- Any other related duties required
Requirements
- A minimum of 2 – 4 years of experience in banking, loan collections, credit operations, and credit risk analysis
- Bachelor’s Degree in Accounting, Business Management, or any other related field is required
- Excellent organizational, analytical, and time-management skills.
- Prompt and consistent attention to detail, with strong multitasking abilities.
- Knowledge of credit assessment tools, billing procedures, and loan collection techniques
- Familiarity with laws related to debt collection and credit operations
- Strong stakeholder management and communication skills.
- Excellent negotiation skills
- Motivated self-starter with the ability to work independently with purpose and accuracy in a fast-paced environment
- High proficiency in all areas of Microsoft Office including Outlook, Word, Excel, and PowerPoint
