Head of Credit Loan Job at Palmpay

Palmpay is a pan-African fintech company currently operating in Nigeria, Ghana, Kenya, Uganda and Tanzania and expanding to other markets this year. We’re reinventing the payments experience by making it easy and reliable for everyone to transfer money, pay bills and shop online.

We are recruiting to fill the position below:

Job Position: Head of Credit Loan

Job Location: Ikeja, Lagos
Employment Type: Full Time

Responsibilities

• Credit Strategy and Planning: Develop and implement credit strategies and plans that align with the organization's goals and risk tolerance.
• Risk Assessment: Evaluate the creditworthiness of loan applicants, analyze financial data, and assess potential risks associated with loans.
• Loan Approval and Review: Make informed decisions on loan approvals, set appropriate terms and conditions, and ensure compliance with lending policies.
• Compliance and Regulations: Ensure that all lending activities adhere to relevant Nigerian financial regulations, legal requirements, and compliance standards.
• Collaboration: Collaborate with other departments such as risk management, legal, and compliance to ensure a holistic approach to credit lending.
• Data Analysis: Utilize data analytics to evaluate lending trends, portfolio performance, and customer behavior, making data-driven decisions.
• Credit Policy Development: Establish and update credit policies, procedures, and guidelines to ensure consistent and effective lending practices.
• Team Management: Lead and manage a team of credit analysts, loan officers, and support staff, ensuring they follow best practices and achieve targets.
• Portfolio Management: Monitor the performance of the loan portfolio, track repayment schedules, and take appropriate actions on delinquent accounts.
• Reporting: Provide regular reports to senior management and stakeholders on the credit portfolio's performance, risk exposure, and compliance.

Qualifications

• Bachelor's Degree in Finance, Economics, Business Administration, or a related field; Extensive experience in credit management, loan origination, and risk assessment within the Nigerian financial industry.
• More than 5 years of Loan experience
• Effective communication and interpersonal skills to work with cross-functional teams and customers.
• Knowledge of financial technology (fintech) trends and tools for enhancing credit processes.
• In-depth understanding of local regulatory and compliance requirements for lending activities in Nigeria.
• Strong leadership and team management skills, with the ability to inspire and guide a team effectively.
• Excellent analytical, problem-solving, and decision-making abilities.
• Proven track record of achieving and exceeding credit portfolio targets.

Benefits

• Competitive compensation package and performance-based incentives.
• Exposure to cutting-edge technology and data-driven decision-making.
• Opportunity to shape and innovate credit products in a growing fintech company.
• Comprehensive health insurance
• Professional development opportunities and avenues for career growth.