Job Vacancies at Rex Microfinance Bank

Rex Microfinance Bank is a secure digital financial services platform that provides you and your business with opportunities for a strong financial future.

We are recruiting to fill the following positions below:

1.) Business Development Officer – Direct Merchant Acquisition

Job Locations: Abuja (FCT) & Lagos
Employment Type: Full-time

Key Responsibilities
Merchant Acquisition & Engagement:

• Identify potential merchants across retail, wholesale, hospitality, and service sectors.
• Conduct market research to target high-potential merchants in assigned territories.
• Promote and demonstrate payment solutions (POS, online payments, mobile payments, USSD solutions if applicable).
• Build long-term relationships with merchants to foster trust, retention, and loyalty.
• Onboard merchants, ensuring accurate documentation in line with CBN guidelines, KYC, and AML compliance requirements.
• Conduct field visits, presentations, and product demonstrations to drive adoption.

Transaction Growth & Revenue Generation:

• Drive activation and sustained transaction volumes for onboarded merchants.
• Collaborate with marketing and operations teams to design promotions and incentives to increase usage.
• Monitor and report on merchant performance, transaction trends, and revenue contribution.
• Meet and exceed assigned merchant acquisition and transaction targets.

Compliance & Regulatory Adherence:

• Ensure all merchant acquisition and onboarding processes comply with CBN regulations, NDPR (Nigeria Data Protection Regulation), and internal bank/fintech policies.
• Conduct due diligence on merchants, ensuring proper documentation, approvals, and risk assessment.
• Maintain records of merchant interactions, agreements, and reports for audit and regulatory purposes.

Collaboration & Cross-Functional Support:

• Work closely with operations, support, and technical teams to resolve merchant issues efficiently.
• Provide feedback from merchants to internal teams to improve product offerings and service delivery.
• Coordinate with IT and fintech teams on system integrations, onboarding processes, and troubleshooting.
• Support campaigns, product launches, and promotions in coordination with marketing teams.

Reporting & Market Analysis:

• Prepare weekly, and monthly reports on merchant acquisition, activation, and transaction metrics.
• Track competitor activity and industry trends to identify new opportunities.
• Provide actionable insights to senior management for strategy development.

Qualifications

• Experience in POS deployment, agency banking, or merchant services.
• Existing merchant network in assigned territories.
• Familiarity with fintech payment platforms, digital wallets, or payment aggregators.
• Understanding of SME operations and retail business clusters in Nigeria.
• Knowledge of banking or fintech risk and compliance processes.

Competencies & Attributes:

• Results-oriented with strong goal achievement skills.
• Excellent interpersonal and communication skills.
• Ability to analyze market trends and competitor activity.
• Resilient and able to operate in a dynamic, field-based environment.
• High integrity and professionalism.
• Field-based role.
• May require working beyond standard office hours to meet merchant engagement targets.
• Interaction with diverse merchants in urban and rural locations within and outside Abuja.

Method of Application 
Interested and qualified candidates should send their CV to: oolejiya@rexmfbank.com using the Job Position as the subject of the email.

2.) Business Development Officer

Job Location: Garki, Abuja (FCT) 
Employment Type: Full-time

Key Responsibilities
Deposit Mobilization:

• Actively source and mobilize deposits from individuals, SMEs, and corporate clients.
• Develop strategies to attract and retain savings and fixed deposit accounts.
• Maintain strong relationships with depositors to ensure portfolio stability.
• Monitor and grow deposit volumes in line with assigned targets.

Merchant & Client Acquisition:

• Prospect and engage SMEs, corporate clients, and retail customers.
• Conduct field visits and presentations to potential clients.
• Onboard merchants for POS/digital payment solutions.
• Ensure proper documentation and regulatory compliance during onboarding.

Relationship Management:

• Build and maintain long-term relationships with clients.
• Address customer concerns promptly and ensure high satisfaction levels.
• Cross-sell and upsell relevant banking products.
• Monitor client activity to drive increased engagement and retention.

Performance Monitoring & Reporting:

• Track daily sales activities and pipeline performance.
• Provide weekly and monthly business development reports.
• Monitor transfer volume, transfer value, and deposit growth metrics.

Market Intelligence:

• Gather competitor insights and market trends.
• Provide feedback on product development and customer preferences.

Compliance & Risk Management:

• Ensure adherence to Rex Mfb lending policies and procedures.
• Support fraud prevention by verifying client information and documentation.
• Maintain confidentiality and protect client data.

Collaboration & Team Support:

• Work closely with marketing, operations, and product teams to align strategies and enhance client solutions.
• Mentor and support junior sales team members where applicable.
• Share best practices and contribute to process improvement initiatives.

Qualifications & Requirements

• Bachelor’s Degree in Finance, Accounting, Economics, Banking, or related field.
• 2–4 years of experience in business development, sales or lending within a financial institution.
• Proven track record in deposit mobilization and target achievement.
• Good knowledge of lending principles and risk management.
• Strong communication and negotiation skills.
• Excellent negotiation and relationship management skills.
• Proven experience in the Microfinance sector.

Competencies & Attributes:

• Results-oriented with strong goal achievement skills.
• Excellent interpersonal and communication skills.
• Ability to analyze market trends and competitor activity.
• Sound sales and negotiation skills.
• Resilient and able to pay attention to details.
• Customer relationship management.
• High level of integrity and professionalism
• Ability to manage multiple clients.

Method of Application 
Interested and qualified candidates should send their CV to: oolejiya@rexmfbank.com using the Job Position as the subject of the email.

3.) Credit Officer

Job Location: Garki, Abuja
Employment Type: Full-time

Key Responsibilities
Loan Origination & Client Engagement:

• Identify and recruit potential borrowers, including individuals, SMEs, public servant workers, informal sector groups, and cooperative societies.
• Promote Hayok Credit products, especially health insurance financing, MSME loans, and structured credit packages.
• Conduct community and market visits to build a strong client pipeline.
• Support onboarding and documentation of new clients.

Credit Assessment & Appraisal:

• Conduct financial and background assessments of loan applicants.
• Review client income streams, repayment capacity, and credit history.
• Prepare credit appraisal reports and recommendations.
• Ensure compliance with internal credit policies and regulatory requirements.

Loan Processing & Disbursement Support:

• Support the preparation and verification of loan documentation.
• Coordinate with operations and finance teams to ensure timely loan disbursement.
• Ensure all KYC requirements and risk checks are completed.

Portfolio Monitoring:

• Track loan utilization and repayment performance.
• Provide early warning signals for potential default risks.

Recovery & Collections:

• Follow up on overdue accounts and implement recovery strategies.
• Engage clients respectfully to negotiate repayment plans where needed.
• Support repossession and recovery processes in line with company policy.

Reporting & Data Management:

• Maintain accurate records of client interactions, and loan performance.
• Submit periodic reports on the loan pipeline, disbursements, and collections.
• Use digital tools and lending platforms to track credit activities.

Compliance & Risk Management:

• Ensure adherence to Rex Mfb lending policies and procedures.
• Support fraud prevention by verifying client information and documentation.
• Maintain confidentiality and protect client data.

Qualifications & Requirements

• Bachelor’s Degree in Finance, Accounting, Economics, Banking, or related field.
• 2 – 3 years of experience in credit analysis or lending within a financial institution.
• Strong understanding of loan origination and management processes
• Good knowledge of lending principles and risk management.
• Proficiency in financial analysis and documentation.
• Strong communication and negotiation skills.
• High level of integrity and attention to detail.
• Proven experience in the Microfinance sector.

Competencies & Attributes:

• Results-oriented with strong goal achievement skills.
• Excellent interpersonal and communication skills.
• Ability to analyze market trends and competitor activity.
• Strong negotiation and recovery skills.
• Resilient and able to attention to details.
• Customer relationship management.
• Fraud detection awareness.
• Ability to manage multiple clients.

Method of Application 
Interested and qualified candidates should send their CV to: oolejiya@rexmfbank.com using the Job Position as the subject of the email.