Senior Credit Analyst
AI summary
Boctrust Microfinance Bank is hiring a Senior Credit Analyst in Lagos to evaluate and underwrite payroll-backed consumer credit applications. The role involves credit assessment, risk analysis, portfolio monitoring, and mentoring junior analysts. Candidates need a bachelor's degree in a relevant field, 3–5 years of credit analysis experience, and payroll lending expertise.
- Full-time role at a CBN-licensed microfinance bank in Lagos
- Focus on payroll/salary-backed loan underwriting and credit assessment
- Requires 3–5 years of credit analysis experience in microfinance or fintech
- Professional certification is an added advantage
- Apply by sending CV to hr@boctrustmfb.com
AI job guide
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AI salary guide
Not enough public dataNot enough public salary data is available for this exact role. Before applying, prepare to ask about gross pay, benefits, contract length, probation period, transport and any allowances.
Can you qualify for this role?
- Required3+ years of relevant experienceThe job post includes a minimum experience signal.
- RequiredEducation or certification mentioned in the postThe captured text mentions education, a diploma, certificate, or licence.
- PreferredPractical evidence in driver, sales, internshipThe tags and summary point to skills connected with this role.
- RequiredAvailability to work in Not specifiedThe vacancy is associated with this location.
- UnclearComfort with the Full Time contract termsConfirm hours, duration, probation and benefits at the original source.
Documents to prepare
- Likely requiredUpdated CV
- Role specificCover letter or short employer message
- OptionalProfessional references
- Role specificAcademic or professional certificates
- VerifyID or passport only after verifying the employer
Application tips for this job
- Place your strongest Senior Credit Analyst evidence in the first half of your CV.
- In your cover letter or employer message, connect your experience to Boctrust Microfinance Bank and the role in Not specified.
- Add concrete examples related to driver, sales, internship, ideally with measurable outcomes or clear responsibilities.
- Follow the instructions from MyJobMag Nigeria; avoid sending documents to unofficial contacts or copied links.
- Confirm the deadline, interview location and employer contact before sharing personal documents.
- Prepare a polite question about pay, benefits and contract terms for later interview stages.
Source and safety check
- MyJobMag Nigeria
- Original source link available
- Application method is clear
- Deadline not specified
- No major risk signal was detected in the captured text.
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Interview preparation
- What experience makes you a strong fit for this Senior Credit Analyst role in driver, sales?
- How have you handled responsibilities similar to those in this job post?
- Are you available to work in Not specified under the listed contract or schedule?
- Prepare examples with clear responsibilities, tools used and measurable outcomes.
- Review the source and research Boctrust Microfinance Bank before the interview.
Ask what the first priorities will be in the role and how success will be measured.
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Original source description
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BOCTRUST MICROFINANCE BANK is a financial institution licensed by Central Bank of Nigeria to give social and economic Support to the lower middle class, working class and the economically active poor
Senior Credit Analyst
Job Type: Full Time
Qualifications
- BA/BSc/HND
- ,
- Professional Certificate
Experience
3 - 5 years
Location: Lagos
Job Field: Data, Business Analysis and AI
Position Summary
The Senior Credit Analyst will be responsible for evaluating and underwriting consumer credit applications, with a strong emphasis on payroll/salary-backed loans. You will assess borrower creditworthiness, analyze risk factors, ensure compliance with lending policies, and help optimize default management frameworks.
Minimum of 3–5 years of
in credit analysis and underwriting within a microfinance bank, fintech or finance company.
Payroll Lending Expertise: Proven track record in underwriting payroll-backed / salary loans (e.g., Remita, IPPIS, direct debit mandates, automated payroll deduction platforms)
Technical Skills:
Strong proficiency in credit scoring tools, credit bureau portals, and loan management systems (LMS).
Advanced Microsoft Excel skills for data analysis, financial modeling, and portfolio reporting.
Analytical Mindset: Excellent quantitative skills with sharp attention to detail and risk identification.
Check how your CV aligns with this job
Method of Application
- Interested and qualified candidates should forward their CV to
- hr@boctrustmfb.com
- Build your CV for free.
- Download in different templates.
Key Responsibilities
- Credit Assessment & Underwriting:
- Evaluate and process complex payroll loan applications in accordance with internal credit policies and regulatory standards.
- Analyze financial information, bank statements, employment verification, pay stubs, and credit bureau reports (e.g., CRC, FirstCentral) to evaluate creditworthiness.
- Risk Analysis & Management:
- Identify potential risk drivers in payroll lending portfolios (e.g., job instability, employer default/delay in remittance, high debt-service ratios).
- Monitor portfolio performance, perform variance analysis, and recommend adjustments to credit limits and underwriting criteria.
- Assist in early-stage delinquency detection and work closely with the Collections & Recovery team to minimize non-performing loans (NPLs).
- Policy & Process Improvement:
- Review, update, and refine credit scoring models and loan approval workflows to improve turn-around time (TAT) without compromising risk standards.
- Collaborate with Sales, and Operations teams to design competitive payroll lending products and seamless customer journeys.
- Reporting & Team Leadership:
- Prepare detailed credit evaluation reports and present loan recommendations to the Credit Committee.
- Mentor and provide technical guidance to junior credit analysts and underwriting officers.
- Key
Requirements
& Qualifications
Education
Bachelor’s degree in Banking & Finance, Economics, Accounting, Statistics, or a related field. Professional certifications are an added advantage.