Job Title: Credit Analyst
Location: Nairobi, Kenya
Job Type: Full-time
Department: Credit & Risk Management
Company Overview:
Sokohela is a digital credit provider licensed & regulated by the Central Bank of Kenya. We are dedicated to pushing the boundaries of innovation and delivering exceptional financial solutions and products to the Kenyan market. As we continue to expand our team, we are seeking an experienced Credit Analyst.
Job Overview:
We are seeking a highly motivated and skilled Credit Analyst to join our team in Nairobi. The successful candidate will play a pivotal role in managing the credit portfolio, ensuring the accurate implementation of credit policies, and maintaining a balance between business growth and credit risk. The Credit Analyst will assess, monitor, and evaluate the creditworthiness of clients to ensure effective credit risk management.
Key Responsibilities:
- Credit Policy Implementation: Ensure the accurate and consistent application of the company’s credit policies and procedures in all lending decisions.
- Loan Portfolio Management: Oversee and manage the loan portfolio, ensuring that it grows while maintaining a low risk of defaults.
- Credit Risk Assessment: Perform detailed financial and risk assessments of current and potential clients, using various credit evaluation tools and methodologies.
- Financial Analysis: Analyse financial statements, credit reports, cash flow, and other relevant financial data to assess creditworthiness.
- Monitoring & Reporting: Regularly monitor the performance of the loan portfolio and report on trends, risks, and potential issues. Prepare detailed reports for senior management on portfolio performance.
- Credit Approvals & Recommendations: Provide recommendations for credit approvals, renewals, extensions, or changes in terms, ensuring that all decisions are aligned with the company’s risk appetite.
- Risk Mitigation: Identify and recommend strategies to mitigate credit risks, including restructuring of loans and addressing any potential defaults.
- Client Communication: Act as the point of contact for clients regarding credit assessments, communicating decisions effectively and professionally.
- Regulatory Compliance: Stay updated on regulatory changes and ensure the company’s credit practices comply with local and international credit regulations.
- Collaboration: Work closely with other departments (sales, collections, finance) to support the company’s credit management efforts and assist in collection strategies when necessary.
Skills and Qualifications:
- Educational Requirements:Bachelor’s degree in Finance, Accounting, Economics, or a related field.
- Experience: At least 2-4 years of experience in credit analysis, loan portfolio management, or risk management, preferably in the banking, financial services, or lending sectors in Kenya.
- Technical Skills: Proficiency in financial analysis tools, spreadsheets (Excel), and credit risk assessment software. Familiarity with industry-standard credit scoring models is a plus.
- Strong Analytical Skills: Ability to assess complex financial information and identify potential risks, trends, and opportunities.
- Attention to Detail: High level of accuracy and attention to detail in financial assessments and reporting.
- Communication Skills: Strong verbal and written communication skills, with the ability to present complex information in a clear and concise manner.
- Problem-Solving Skills: Demonstrated ability to make sound credit decisions and recommendations under pressure.
- Knowledge of Regulatory Frameworks: Familiarity with local regulations governing credit management, lending practices, and risk management in Kenya.
- Teamwork: Ability to work collaboratively with other departments while managing your own tasks and responsibilities.
Preferred Qualifications:
- Professional certifications such as CFA or Credit Risk Certification (CRC) are a distinct advantage.
- Experience with loan management systems and credit risk software is a plus.
- Knowledge of the Kenyan financial landscape and lending market dynamics.
How to Apply:
Interested candidates should submit their CV and cover letter to [email protected] with the subject line “Credit Analyst Application – Nairobi” by 29/11/2024. Only shortlisted candidates will be contacted.
