Credit Officer
Location: Ikeja, Lagos
Employment Type: Full-time.
Job Summary
The Credit Officer is responsible for assessing the creditworthiness of customers, managing credit approvals, monitoring receivables, and ensuring timely recovery of outstanding debts.
The role aims to minimize financial risk while supporting business growth through sound credit decisions.
Key Responsibilities
Credit Assessment & Approval:
Review credit applications and supporting documents from customers
Analyze financial statements, bank reports, and credit history
Conduct risk assessments to determine credit limits and terms
Recommend approval, modification, or rejection of credit requests
Maintain accurate records of all credit evaluations.
Accounts Receivable Management:
Monitor customer accounts to ensure adherence to credit terms
Track outstanding invoices and aging reports
Follow up on overdue payments through calls, emails, and visits
Resolve billing disputes that may delay payment.
Debt Recovery:
Develop and implement effective collection strategies
Negotiate payment plans with delinquent customers
Escalate chronic defaulters for legal action where necessary
Coordinate with sales teams to ensure collections are prioritized.
Reporting & Documentation:
Prepare periodic credit reports and aging analysis
Maintain updated customer credit files and documentation
Provide management with insights on credit risk exposure
Ensure compliance with company credit policies and procedures.
Risk Management & Compliance:
Identify potential bad debts and recommend provisions
Monitor market trends that may affect customer solvency
Ensure all credit activities comply with regulatory requirements
Support internal and external audits related to credit processes.
Key Performance Indicators (KPIs)
Reduction in overdue receivables
Collection efficiency ratio
Number of default accounts
Adherence to credit approval timelines
Accuracy of credit assessments.
Qualifications & Requirements
Education:
Bachelor’s degree in Finance, Accounting, Business Administration, Economics, or related field.
Experience:
2–5 years experience in credit control, accounts receivable, or finance
Experience in credit analysis and debt recovery is an advantage.
Skills & Competencies:
Strong analytical and risk assessment skills
Excellent negotiation and communication abilities
High level of integrity and attention to detail
Proficiency in Microsoft Excel and accounting software
Ability to work under pressure and meet deadlines
Good interpersonal and customer management skills.
Preferred Attributes:
Knowledge of credit management principles and financial analysis
Experience with ERP or accounting systems.
Application Closing Date
25th March, 2026.
How to Apply
Interested and qualified candidates should send their CV to: Kingsley.o@bajajnigeria.com using the job title as the subject of the mail.