About Company
First Bank of Nigeria Limited (FirstBank) is Nigeria’s premier and most valuable banking brand, and largest financial services institution by total assets and gross earnings. With more than 129 years of continuous operations, we have built a proud heritage of supporting individuals and businesses, contributing significantly to the economic development of Nigeria and Africa. We offer a comprehensive range of retail and corporate financial services, spanning over 700 business locations and a robust network of Agent Banking channels across 774 Local Government Areas in Nigeria. Our vision is to be the partner of first choice in building your future, driven by a commitment to innovation, customer-centricity, and sustainable growth. Joining FirstBank means becoming part of a legacy of excellence and a future of limitless possibilities, where your contributions are valued and your career growth is prioritized.
Job Description
First Bank of Nigeria is seeking a highly motivated and detail-oriented Credit Analyst to join our dynamic team in Utako, Abuja. This pivotal role involves performing in-depth financial analysis to assess the creditworthiness of individuals and businesses applying for loans, ensuring prudent lending decisions that align with the bank’s risk appetite and regulatory guidelines. As a Credit Analyst, you will be instrumental in safeguarding the bank’s assets while facilitating growth by accurately evaluating potential risks and opportunities. You will be responsible for preparing comprehensive credit reports, financial models, and projections, presenting your findings to senior management and credit committees. This role demands excellent analytical skills, a strong understanding of financial statements, and the ability to interpret complex financial data to make informed recommendations. You will also collaborate closely with relationship managers, legal teams, and other departments to ensure a seamless credit application and approval process. We are looking for an individual who is proactive, possesses strong communication skills, and is committed to upholding the highest standards of integrity and professionalism. This is an exciting opportunity to contribute to one of Nigeria’s leading financial institutions and develop a robust career in credit risk management. The successful candidate will play a critical role in supporting First Bank’s mission to provide innovative financial solutions and drive sustainable economic development.
Key Responsibilities
- Conduct thorough financial analysis of credit applications, including reviewing financial statements, cash flow projections, and collateral valuations.
- Assess the creditworthiness of applicants by evaluating business models, industry risks, management capabilities, and market conditions.
- Prepare detailed credit appraisal reports, articulating findings, risks, mitigants, and recommendations for credit decisions.
- Develop financial models and conduct stress testing to evaluate potential impacts on borrowers' financial health.
- Ensure compliance with First Bank’s credit policies, procedures, and regulatory requirements.
- Collaborate with Relationship Managers to gather necessary information and provide expert advice on credit structures.
- Present credit recommendations to the Credit Committee and senior management, defending analysis and proposals.
- Monitor existing credit portfolios for early warning signs of deterioration and recommend proactive measures.
- Stay updated on industry trends, economic conditions, and regulatory changes affecting credit risk management.
Required Skills
- Bachelor's degree in Finance, Accounting, Economics, or a related field.
- Minimum of 3 years of experience in credit analysis, risk management, or a similar role within the banking or financial services sector.
- Strong understanding of financial statements, accounting principles, and financial ratios.
- 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 market trends.
- Strong written and verbal communication skills for report writing and presentations.
- Attention to detail and accuracy in all tasks.
Preferred Qualifications
- Master's degree or professional certification (e.g., CFA, FRM, ACA).
- Experience with credit risk management software and platforms.
- Knowledge of the Nigerian financial market and regulatory landscape.
- Ability to work effectively both independently and as part of a team.
- Proven track record of managing multiple priorities in a fast-paced environment.
Perks & Benefits
- Competitive salary and performance-based bonuses.
- Comprehensive health insurance package.
- Pension scheme contributions.
- Opportunities for professional development and career advancement.
- Access to a wide range of training programs and certifications.
- Supportive work environment and a culture of continuous learning.
- Employee wellness programs.
- Paid time off and holidays.
How to Apply
Interested and qualified candidates are encouraged to apply by clicking on the application link below. Please ensure your resume highlights relevant experience and qualifications for this role. Only shortlisted candidates will be contacted for an interview.