CARS45 Limited is recruiting for fulltime Credit Analyst.
CARS45 Limited - We are Nigeria's largest car buying service with the goal of helping hundreds of customers to sell their cars.At Cars45 our passion is to build the infrastructure for commerce that allows sellers and buyers of Nigerian used Cars to exchange value quickly, cheaply and with unhindered access to independent relevant information required for decision making. We now have inspection centres at strategic locations to make it easy for our dear customers to sell their cars.
We are recruiting to fill the position below:
Job Title: Credit Analyst
Location: Lagos Job Type: Full Time
Under supervision and guidance of the Manager, Credit Management, you will be responsible for determining and monitoring the creditworthiness and risk profile of our customers by analyzing their financial data and deciding whether or not to extend their credit facilities
Your will be involved in the day to day monitoring of our credit facilities and evaluating the financial status of potential customers, monitoring existing clients, performing risk assessments, writing detailed reports, and making informed decisions while extending credit.
The successful candidate will be responsible for the credit analysis, credit assessment, and performance reporting of credit sales
Candidate will also be responsible for the engagement of credit bureau and also collaborate with the strategic business unit on debt recovery issues and the ageing analysis of debt owed the business.
Essential Job Functions Credit Analysis:
Examine transaction and credit history of dealers and support in the approval process of credit
Routine engagement of credit bureaus and other agencies supporting the credit approval process
Analyze credit portfolio risk, while quantifying credit risk and making recommendation for credit risk management
Provide support in credit performance reporting
Proactive analysis of the credit market and provide advisory support to the business on how to drive credit sale
Routinely monitor loans for compliance
Routinely carry out dealer lot inspection and monitor dealer inventory turnover
Adhere to credit policy and guidelines
Monitor payment date and communicate due date to dealers and end-user
Archive documents in compliance with all required guidelines and policy
Develop positive relationships with dealers or customers and check in regularly to insure customer’s needs are being met
Weekly and monthly reporting to direct supervisor
Monitor payment past due and try to rectify
Activate recovery process when payment past due can’t be rectified
Provide support in debt recovery process
Accountable for reducing delinquency for assigned accounts
Escalate unresolved issues to the appropriate department supervisor in a timely manner
Meet defined department goals and activity metrics
Perform other assigned tasks and duties necessary to support the Credit Department
Understanding of business, economic, and industry risk
Keep abreast of financial news and trends
Practice due diligence.
Min Required Experience:
Beginner to Intermediate proficiency in Google and Microsoft Office Suites (Excel, Word, Power-Point)
Understanding of Credit Management System using data analytical and statistical tools.
Knowledge & Experience:
1 to 2 years’ experience in credit or financial management, risk assessment or any other related field.
Experience in portfolio management and financial analysis
Must have experience in people or client management
Must have good understanding of the market trends
Bachelor's Degree in Finance, Accounting, Economics, Statistics and other relevant Commercial or Science Degree
ICAN or ACCA would be an added advantage
Need to have:
High Level of Integrity and loyalty
Problem-solving and analytical thinking
Attention to detail
Ability to Influence others
Market & Customer Knowledge
Comfortable with working in both indoor and outdoor conditions.
Must have daytime, evening and weekend availability.
A proven self-starter who can work well under pressure.
High business research skills acumen
Critical and systemic thinker
Must be able to work independently
Exceptional listening and analytical skills
Must be able to effectively deal with people at all levels inside and outside of the company
Ability to multitask and successfully operate in a fast paced, team environment
Must adapt well to change and successfully set and adjust priorities as needed