Credit Analyst

Mid level Hybrid Lagos Full-time

About this role

About the Company

Canary Point Finance Limited is a member of Canary Point Group, a leading financial services group that also includes Canary Point Holding Limited and Assets Microfinance Bank

Job Summary

The Credit Analyst is responsible for conducting comprehensive credit assessments for loan facilities by analyzing the financial health, business viability, and collateral position of prospective and existing borrowers. The role supports sound lending decisions and helps maintain the quality of Canary Point Finance's credit portfolio while enabling timely and well-informed credit approvals that support business growth

The role requires strong analytical and financial analysis skills, as well as a solid understanding of credit risk principles. The Credit Analyst collaborates with relationship managers, risk teams, and senior management to ensure accurate credit evaluations, informed decision-making, and compliance with internal credit policies and regulatory requirements

Key Responsibilities

Conduct thorough financial analysis of loan applications including review of financial statements, cash flow projections, and debt service coverage calculations
Analyze business models, operating history, and industry dynamics of applicants to assess viability and risk
Perform collateral valuation and assessment for various security types including receivables, inventory, property, and equipment
Verify documentation including business registration, financial records, and collateral ownership
Prepare comprehensive credit memoranda with clear recommendations for Credit Committee review, including risk ratings and pricing recommendations
Conduct site visits to applicant business premises to verify operations and collateral existence
Monitor existing portfolio through periodic reviews of customer financial performance and collateral coverage
Analyze industry trends and risks for key sectors to inform credit decisions and portfolio concentration limits
Support relationship managers with credit structuring advice and documentation requirements
Maintain credit files and documentation in compliance with CBN requirements and internal audit standards

Requirements

Bachelor's degree in Accounting, Finance, Economics, or related field; professional qualification (ACIB, ACA, ACCA, CFA) is an advantage
Minimum 3-5 years of credit analysis experience in a bank or financial institution, preferably with SME or commercial lending exposure
Experience analyzing various loan types including working capital, asset financing, and term loans
Strong understanding of financial statement analysis, ratio analysis, and cash flow modeling
Knowledge of collateral types and valuation methodologies
Familiarity with CBN regulations for finance companies and credit risk management guidelines

Benefits