Credit Portfolio Manager

About the Opportunity

FairMoney is a pioneering mobile banking institution specializing in extending credit to emerging markets. Established in 2017, the company currently operates primarily within Nigeria and has secured nearly €50 million in funding from renowned global investors, including Tiger Global, DST, and Flourish Ventures.

In alignment with its vision, FairMoney is actively constructing the foremost mobile banking platform and point-of-sale (POS) solution tailored for emerging markets. The journey began with the introduction of a digital microcredit application exclusively available on Android and iOS devices. Today, FairMoney has significantly expanded its range of services, encompassing a comprehensive suite of financial products, such as current accounts, savings accounts, debit cards, and state-of-the-art POS solutions designed to meet the needs of both merchants and agents.

FairMoney thrives on its diverse workforce, bringing together talent from over 27 nationalities. This multicultural team drives the company's mission of reshaping financial services for underserved communities. To gain deeper insights into FairMoney's pivotal role in reshaping Africa's financial landscape, we invite you to watch an informative video.

Responsibilities

• Conduct a daily/weekly/monthly review of the loan book including the arrears position and advice management on the progress of collections/recovery
• Deliver weekly and monthly collections and portfolio performance reports, including metrics such as collection rate, PAR ratio, loan bucket classifications, and loan loss provisioning
• Develop and prepare an annual credit portfolio plan using historical data and projections
• Monitor and coordinate all credit portfolio monitoring and management activities for all products
• Identify and analyze non-performing loans with trend analysis and credit portfolio insights

About You

Education: Bachelor's degree in any discipline including Risk Management, Finance, Business, Economics, or any other related field

Experience: At least 7 years' experience in Credit Portfolio Management within the Financial Services Industry

Certifications: MCP, ACIB, ICAN, Data Analytics/Science Certifications, etc.

Knowledge: Understanding of the business drivers and the strategic direction of the institution and the role of risk management in achieving the objectives

Skills:

• Effective people management skills
• Ability to come up with new ideas and fresh perspectives
• Ability to communicate both written and orally with all levels of the organization/external parties
• Ability to deliver results and meet customer (internal and external) expectations

Eligibility

Conducts a daily/weekly/monthly review of the loan book including the arrears position and advice management on the progress of collections/recovery

Benefits

• Private Health Insurance
• Pension Plan
• Training & Development
• Hybrid work
• Paid Time Off

About Company

We seek a Credit Portfolio Manager to manage the institution's credit portfolio, recommend and implement remedial actions to minimize losses, and reduce the impact of PAR on the portfolio.

Recruitment Process

A screening interview with one of the members of the Talent Acquisition team for 30 minutes

Technical Interview with the member of the Credit Risk team for 45-60 minutes

Hiring Manager Interview for 45-60 minutes