Head of Credit

January 31, 2022

Job Description

Bytefin Nigeria Limited

Bytefin Nigeria Limited is a professional company focusing on the development and operation of fully functional and fully online software that can realize fast lending. As a Microfinance Institution, Bytefin Nigeria Limited intends to increase opportunitiesto access financial services by providing financial services to low-income entrepreneurs, Grassroots employees of SMEs, Women with entrepreneurial needs, Students who continue to learn. Shoppers with consumer needs, customers with fixed assets mortgage, traders, and small-scale farmers.
We are recruiting to fill the position below:

Job Title: Head of Credit

Location: Lagos
Employment Type: Full-time
Job Description

Analysis and appraisal of Individual credit requests in accordance with approved policies and procedures to ensure that credit exposures are created subject to stipulated guidelines(fulfilling conditions for disbursement or deferrals obtained)
Responsible for providing support, direction, credit Information, and loan policies and procedures to ensure the overall quality of the Bank’s lending portfolio
Monitor the strict adherence to credit-related regulations (Single obligor limits, aggregate large exposures, etc)
Timely review and approval/rejection of credit requests
Perform reviews for renewals/assessment of existing facilities performance and other credit-related requests
Monitor the attainment of approved standards on credit portfolio management
Provision of the information requested by regulatory and rating agencies
Value addition to credit requests: Identifying critical risks in credit requests and providing alternative routes by restructuring the request to make it viable
Preparation and rendition of all credit risk reports (unit’s weekly and monthly reports, credit exposures, performing and default loans, etc)
Perform risk acceptance evaluation and assign risk rating in line with approved risk classification guidelines
Ensures proper documentation of individual exposure by adhering to set documentation standards and procedures
Define credit approval framework and recommend credit approval limits in line with bank policy
Oversee the realization of securities on lost facilities (Loan loss provision coverage)
Identification of knowledge gap and skill needs within the unit and communicating to HR unit
Effective training of subordinates to achieve business continuity in the absence of the unit head
Calculating the Allowance for Loan and Lease Loss Reserve (AILL) and making recommendations to executive management and the Board of Directors for monthly allocations to the Loan Loss Reserve.
Performs direct supervisory duties of department staff, and coordinates staff for coverage in all related areas of the unit.
Reviews and approves/declines large and complex loans prior to submission to management


At least a 2:2 University Degree in Economics, Finance, or any other discipline, a Master’s Degree is an added advantage.
About 7 years Microfinance bank experience with adequate knowledge of the required responsibilities.

Skills and Competencies:

Credit Administration / Risk Management, Credit Products, Credit Analysis and Appraisal, Loans administration/account management, Credit Workout / Restructuring, Financial analysis / interpretation knowledge, Facility Structuring, Team Building, People Management, Integrity and Discretion, Resilience, Tenacity and Integrity, Entrepreneurship, etc.

Application Closing Date
28th February, 2022.
Method of Application
Interested and qualified candidates should:
Click here to apply online

To apply for this job please visit forms.gle.


Hi there 👋
It’s nice to meet you!

Sign up to receive awesome content in your inbox.

We don’t spam! Read our privacy policy for more info.