HRD Solutions
Position: Risk and Collection Analyst
Industry: Company Financial Services
Employment Type: Full-Time
Placement: Lagos, Lagos State
Table of Contents
Job Description
HRD Solutions is seeking candidates for a position in Risk and Collection Analyst based in Lagos, Lagos State. If you are interested in this opportunity, please review the details below.
As a Risk and Collection Analyst at HRD Solutions, you will be instrumental in bolstering the financial stability of small and medium-sized enterprises (SMEs) by meticulously assessing credit risk and orchestrating efficient debt collection strategies. Your role will be central to maintaining the health of our lending portfolio and ensuring robust risk management practices.
You will engage in comprehensive credit risk assessments, providing invaluable insights to our underwriting team and supporting loan decision-making processes. Your expertise in evaluating financial statements, credit reports, and industry trends will be crucial in determining the creditworthiness of SME clients. Additionally, you will monitor our SME lending portfolio, identifying and addressing potential credit risks proactively.
Effective delinquency management is another cornerstone of this role. You will develop and implement strategies to mitigate delinquencies, negotiate repayment plans, and resolve payment issues to prevent severe delinquencies. Your efforts in loss mitigation will involve close collaboration with internal and external stakeholders to recover outstanding debts through various means, including settlement negotiations and legal actions.
Your analytical acumen will be showcased in the preparation of detailed reports on credit risk metrics, delinquency trends, and collection performance, which will aid management in strategic decision-making. Ensuring compliance with regulatory standards in credit risk management and debt collection practices will also be a key aspect of your responsibilities.
In this role, your strong communication and negotiation skills will be essential in building rapport with SME clients and managing challenging conversations. Your proficiency with data analysis tools and software, such as Microsoft Excel and SQL, will support your efforts in maintaining accurate and insightful financial assessments.
This position offers a competitive salary exceeding #130,000 and is an excellent opportunity for a proactive, results-driven professional to contribute to a dynamic financial services firm dedicated to supporting SMEs.
Job Detail
Responsibilities
- Evaluate the creditworthiness of SME clients applying for financing by analyzing financial statements, credit reports, and other relevant data.
- Assess factors such as cash flow, profitability, and industry trends to determine risk levels and loan eligibility.
- Collaborate with the underwriting team to provide insights and recommendations on credit risk assessment.
- Monitor the performance of the SME lending portfolio and identify potential credit risks in a timely manner.
- Conduct regular reviews of loan accounts to assess payment behavior and detect early warning signs of delinquency or default.
- Develop and implement effective collection strategies to mitigate delinquency and minimize losses.
- Communicate with SME clients to negotiate repayment plans, resolve payment issues, and prevent accounts from becoming severely delinquent.
- Work closely with internal stakeholders and external partners to explore options for loss mitigation and recovery.
- Coordinate efforts to recover outstanding debts through settlement negotiations, asset liquidation, or legal actions when necessary.
- Prepare comprehensive reports and analysis on credit risk metrics, delinquency trends, and collection performance.
- Present findings to management and provide actionable insights to support strategic decision-making and risk management initiatives.
- Ensure compliance with regulatory requirements and industry standards related to credit risk management and debt collection practices.
- Stay abreast of regulatory changes and implement necessary updates to policies and procedures.
Job Requirements
Before applying, please take the time to thoroughly review and comprehend the job requirements outlined below. Ensuring that you meet all the specified criteria will significantly enhance your candidacy for the Risk and Collection Analyst position at HRD Solutions:
Qualifications
- Proven experience in risk management, credit analysis, or debt collection within the financial services sector, preferably with a focus on SME lending.
- Strong analytical skills and attention to detail, with the ability to interpret financial data and assess creditworthiness accurately.
- Excellent communication and negotiation skills, with the ability to build rapport with SME clients and effectively manage difficult conversations.
- Proficiency in data analysis tools and software, such as Microsoft Excel, SQL, or business intelligence platforms.
- Knowledge of regulatory requirements and best practices in credit risk management and debt collection.
- Results-driven mindset, with a proactive approach to problem-solving and a commitment to delivering high-quality outcomes.
Education Requirements
- OND or Bachelor's degree in Finance, Accounting, Business Administration, or related field.
- Advanced qualifications or certifications in risk management or credit analysis are advantageous.
Experience Requirements
- Proven experience in risk management, credit analysis, or debt collection within the financial services sector, preferably with a focus on SME lending on Lagos Island.
Skills
- Strong analytical skills
- Attention to detail
- Excellent communication and negotiation skills
- Proficiency in data analysis tools and software
- Knowledge of regulatory requirements and best practices
- Results-driven mindset
- Proactive problem-solving approach
Salary, Benefits and incentive
Provided below are the offerings in terms of salary, benefits, and incentives awaiting you in the role of Risk and Collection Analyst at HRD Solutions:
Salary
NGN 130,000 - 150,000 per-Month.
Job Benefits
- Competitive salary
- Professional development opportunities
- Health insurance
- Performance bonuses
- Flexible working hours
- Employee wellness programs
Incentive Compensation
- Performance bonuses
Date posted: June 14, 2024
Posted on: Lagos
Apply
To apply for the Risk and Collection Analyst position at HRD Solutions, please click the button below:
Apply NowOnly shortlisted candidates will be contacted. Please ensure you meet the qualifications and experience requirements before applying. This role is essential for maintaining the financial stability of our SME lending portfolio and requires a proactive and results-driven professional.
