Credit & Loan Officer

COMPANY: MICROFINANCE BANK (LAGOS)

JOB VACANCY: CREDIT/LOAN OFFICER

 

Position: Credit/Loan Officer

Reports to: Head, Risk & Credit Management

Location: Lagos, Nigeria

Employment Type: Full-Time

Application Deadline: 31 October 2026

About the Bank

This is a microfinance bank licensed by the Central Bank of Nigeria (CBN), committed to expanding access to inclusive financial services for micro, small and medium enterprises (MSMEs) and low-income households. The Bank is entering a new phase of growth, with a strategy built on technology-enabled financial inclusion, disciplined credit and strong governance.

As part of this strategy, the Bank seeks to appoint a diligent and commercially minded Credit/Loan Officer who will be responsible for sourcing, assessing, processing and monitoring loan facilities while ensuring that all credit activities comply with the Bank's approved credit policies and risk standards. Role Summary

Support the Bank's lending activities by identifying viable borrowers, assessing credit applications, conducting appropriate due diligence and monitoring loan facilities throughout their lifecycle.

The successful candidate will work closely with Business Development, Credit, Risk and Operations teams to build a healthy loan portfolio while maintaining sound credit standards and minimising credit losses.

Key Responsibilities ·       Source and develop relationships with prospective borrowers in line with the Bank's target customer segments and lending strategy. ·       Receive and review loan applications to ensure that required information and supporting documents are complete and accurate. ·       Conduct appropriate customer due diligence, including verification of identity, business operations, income, cash flows, assets, liabilities and repayment capacity. ·       Analyse applicants' financial information and assess their ability and willingness to repay proposed facilities. ·       Conduct appropriate business and field visits to verify the applicant's business activities, address, operations and other relevant information. ·       Prepare clear and well-supported credit appraisal reports and loan recommendations for review and approval by the appropriate authority. ·       Ensure that proposed facilities comply with the Bank's credit policy, lending criteria, approval limits and risk appetite. ·       Verify the adequacy and validity of required collateral, guarantees and other forms of security in accordance with approved requirements. ·       Liaise with customers and relevant internal teams to ensure that approved facilities are properly documented and disbursed in accordance with approved terms. ·       Monitor loan accounts after disbursement and maintain regular contact with borrowers to identify emerging repayment or business challenges. ·       Track repayment schedules and follow up promptly on overdue or missed payments. ·       Identify early warning signs of potential loan deterioration and escalate concerns to the appropriate credit or risk authority. ·       Support the recovery of delinquent and non-performing loans in accordance with the Bank's approved recovery procedures. ·       Maintain accurate and up-to-date credit files, customer records and loan documentation. ·       Ensure that all credit-related activities are properly recorded in the Bank's approved systems and platforms. ·       Prepare regular reports on loan applications, disbursements, portfolio performance, repayments, arrears and other relevant credit indicators. ·       Comply with the Bank's KYC, AML/CFT, credit risk, internal control and other applicable regulatory requirements. ·       Maintain strict confidentiality of customer and Bank information obtained in the course of performing the role. ·       Perform other reasonable duties as may be assigned by Management in connection with the role. Requirements

·       A minimum of an HND or Bachelor's degree in Accounting, Finance, Economics, Banking, Business Administration or a related field.

·       Minimum of two years' relevant experience in credit, lending, loan recovery, banking, microfinance or related financial services.

·       Demonstrable experience in credit appraisal, customer assessment, loan documentation and portfolio monitoring.

·       Good understanding of financial statement analysis, cash-flow analysis and basic credit assessment techniques.

·       Ability to assess borrower capacity, character and repayment ability.

·       Good understanding of MSME lending and the operating environment of small businesses.

·       Ability to conduct effective customer and business due diligence.

·       Good numerical, analytical and report-writing skills.

·       Good computer literacy and ability to work with core banking systems, spreadsheets and credit management tools.

·       Basic understanding of KYC, AML/CFT and responsible lending requirements.

·       Strong communication, negotiation and relationship-management skills.

·       Demonstrated integrity, attention to detail and sound judgement.

Terms of Appointment

•      The appointment is shall be subject to a probationary period of six (6) months commencing from your effective date of employment

•      Remuneration is competitive and commensurate with experience, in line with the Bank's approved remuneration policy.

How to Apply

Interested and qualified candidates should submit the following documents by email to the email address provided, with the subject line “Application – Credit/Loan Officer

•      Copies of academic and professional credentials, including microfinance certification.

•      A cover letter stating suitability for the role.

Applications close on 31 October 2026. Only shortlisted candidates will be contacted. All applications will be treated in strict confidence.

This Microfinance Bank is an equal opportunity employer.