About Company
Sterling Bank Plc, ‘The One-Customer Bank,’ is a full-service national commercial bank in Nigeria. For over 60 years, Sterling Bank has been committed to enriching lives by leveraging its expertise and innovative solutions to deliver exceptional financial services. We operate with a deep understanding of our customers’ needs, providing a comprehensive range of banking products and services to individuals, small businesses, and corporate clients. Our vision is to be the leading bank in Nigeria, recognized for innovation, customer centricity, and strong ethical practices. We foster a culture of excellence, continuous learning, and teamwork, empowering our employees to achieve their full potential and contribute significantly to our collective success. Join a dynamic team where your contributions are valued, and your career growth is prioritized.
Job Description
Are you a sharp, analytical professional with a passion for finance and an immediate drive to make an impact? Sterling Bank is seeking an experienced and highly motivated Credit Analyst to join our esteemed team in Waterside, Calabar. This is a pivotal role that offers an immediate opportunity to contribute to our robust credit risk management framework and support our strategic growth objectives. As a Credit Analyst, you will be instrumental in evaluating credit applications, assessing financial statements, and providing insightful recommendations that directly influence our lending decisions. Your work will involve detailed financial modeling, risk assessment, and ensuring compliance with the bank’s credit policies and regulatory requirements. We are looking for an individual who thrives in a fast-paced environment, possesses exceptional analytical skills, and can communicate complex financial information clearly and concisely. This role demands a proactive approach, meticulous attention to detail, and a commitment to upholding the highest standards of financial integrity. If you are ready to take on a challenging yet rewarding position within a leading financial institution, and contribute to the economic development of our communities, we encourage you to apply immediately.
Key Responsibilities
- Conduct thorough financial analysis of loan applications, including cash flow projections, collateral valuation, and industry risk assessment.
- Prepare comprehensive credit appraisal reports and recommendations for various credit facilities (e.g., overdrafts, term loans, trade finance).
- Analyze and interpret financial statements, management accounts, and other relevant financial data to determine creditworthiness.
- Monitor existing credit portfolios, identify early warning signals, and recommend proactive risk mitigation strategies.
- Ensure strict adherence to the bank's credit policies, procedures, and regulatory guidelines.
- Collaborate effectively with relationship managers and other internal stakeholders to structure appropriate credit solutions for clients.
- Stay abreast of economic trends, industry developments, and changes in credit regulations that may impact credit risk.
- Participate in credit committee meetings, presenting analysis and defending recommendations.
- Assist in the development and implementation of credit risk models and tools.
Required Skills
- Proven experience as a Credit Analyst, preferably in a commercial bank or financial institution.
- Strong understanding of financial statement analysis, accounting principles, and credit risk assessment methodologies.
- Proficiency in Microsoft Excel for financial modeling and data analysis.
- Excellent analytical, problem-solving, and decision-making skills.
- Ability to interpret complex financial data and draw actionable insights.
- Exceptional written and verbal communication skills.
- Sound knowledge of local and international banking regulations related to credit.
Preferred Qualifications
- Bachelor's degree in Finance, Accounting, Economics, Business Administration, or a related quantitative field.
- Professional certification such as ACCA, ICAN, CFA, or similar.
- Familiarity with banking software and credit management systems.
- Demonstrated ability to work effectively under pressure and meet tight deadlines.
- Experience with credit scoring models and portfolio management.
Perks & Benefits
- Competitive salary and performance-based bonuses.
- Comprehensive health insurance plan.
- Robust pension scheme.
- Opportunities for professional development and continuous learning.
- Access to a wide range of employee welfare programs.
- A dynamic and supportive work environment.
- Paid time off and holidays.
- Employee discount schemes.
How to Apply
If you are a highly motivated and qualified professional ready to embark on an exciting career with Sterling Bank, we invite you to apply. Please click on the application link below to submit your resume and cover letter. Ensure your application clearly highlights your relevant experience and how you meet the requirements for this role. Only shortlisted candidates will be contacted for an interview.