Collections Analyst (Credit Risk) at FairMoney

FairMoney is building the leading mobile bank for emerging markets. We started with a digital microcredit application on Android, and currently roll out additional financial services (current account, savings, debit card) while expanding the product to Western Africa and South-East Asia.

We are recruiting to fill the position below:

Job Title: Collections Analyst (Credit Risk)

Location: Lagos, Nigeria
Job type: Full time
Category: Risk

Job Description

• You will be working as a Collections Analyst in the Risk department and will be responsible for driving the growth of our portfolio in Nigeria.
• Your mission is to ensure portfolio performance according to the company OKRs, offering the best-tailored credit services to as many clients as possible.
• Your goal is to build FairMoney as a Tier 1 digital lender in Nigeria and you will be a key Business Partner to achieve the same.
• As the Collections Analyst for the Nigerian business, you will be part of a team that plays a critical role in managing FairMoney's ability to grow in the market.
• You will be one of the key stakeholders and contributors in decisions revolving around the business and product strategies.

Role and Responsibilities

• Assist in the development of collections strategy
• Strategic campaign planning and optimization of new and existing collections models
• Utilize data sets to perform analytics and propose solutions
• Own the main portfolio metrics - default rates, acceptance rates, and profitability
• Collaborate with Data Science, Debt Collection, and Growth teams on a daily basis
• Work closely together with the Product and Engineering team on improvements for the lending product
• Build, improve, and maintain the credit risk policy for Nigeria that will allow growth of the portfolio according to company OKRs
• Communicate the performance results and other findings with the respective stakeholders
• Keep up to date with the company’s lending protocols
• Benchmarking current risk practices against those stipulated within business units
• Implementing the best possible methodologies in improving the credit performance, considering the risk associated, yet offering the prime credit facility

Requirements

• At least 2 years experience with exposure to Fintech / retail banking credit risk (consumer loans) / NBFCs
• Expert in credit risk analysis/underwriting principles, methods, and practices
• Proficient SQL user, with reasonable experience with BI tools like Tableau, PowerBI, or similar
• Strong quantitative analysis experience
• Strong attention to detail and ability to notice discrepancies in data
• Impeccable understanding of financial statements, ratios, and concepts
• Strong communication skills.

Benefits

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

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should:
Click here to apply online

Recruitment Process

• Screening interview with a Senior Recruiter- 30 minutes.
• Technical Assessment
• Technical Interview with the Lead Risk Manager for 45-60 minutes.