Credit Officer at Sproutly Inc

Sproutly Inc. is a financial services company incorporated in the United States with active operations in Nigeria. Our service hub is located at Charis Ultimo, 42/44 Kusenla Road, Lekki, Lagos. We provide tailored financial solutions to schools and families across Africa, offering services in collections, financial management, and credit support. Our long-term goal is to reach communities across the continent and beyond within the next five years.

At Sproutly, we are building a collaborative environment where talented and forward-thinking individuals come together to drive impact and make finance more accessible.

Position: Credit Officer
Location: Lagos
Employment Type: Full-time

Role Overview
We are hiring a detail-oriented and analytical Credit Officer to join our finance team. This role involves evaluating loan applications, managing credit portfolios, and minimizing financial risk through sound credit practices and compliance.

Key Responsibilities

Credit Assessment and Evaluation

• Review financial statements and credit histories to assess borrower credibility
• Analyze loan applications for accuracy, completeness, and risk compliance
• Recommend loan approval, rejection, or adjustments based on findings

Loan Processing and Documentation

• Prepare accurate loan documents and proposals
• Support credit disbursements and maintain up-to-date records
• Ensure timely and correct documentation for all approved loans

Portfolio Monitoring and Risk Management

• Track loan performance and monitor repayment schedules
• Identify early signs of default and propose corrective actions
• Generate reports on portfolio health and risk exposure

Policy Compliance

• Adhere to internal credit policies and regulatory guidelines
• Assist with internal audits and resolve any compliance issues

Client Relationship Management

• Build strong relationships with clients to support repayment and future growth
• Offer advisory services on credit options and financial planning

Requirements

• Bachelor’s degree in Finance, Accounting, Business, Economics, or related field
• Minimum 3 years of experience in a similar credit or loan officer role
• Strong background in credit analysis and risk evaluation
• Understanding of financial regulations, especially within Nigeria
• Proficiency in Excel and other financial tools
• Good communication and analytical skills
• High level of accuracy and attention to detail

Preferred Skills

• Experience with credit scoring tools and risk systems
• Familiarity with CBN and NDIC guidelines, and IFRS 9 standards
• Background in SME lending or microfinance
• Professional certification in credit or risk management is an added advantage

What We Offer

• Competitive salary with performance-based incentives
• Career development opportunities and continuous learning
• Collaborative and inclusive team environment
• Exposure to modern financial tools and industry best practices

Application Deadline: Not Specified