Senior Credit Underwriter

About Moniepoint

Moniepoint Inc. serves as a leading financial platform across Africa, facilitating effortless payments, banking, credit solutions, cross-border services, and business management tools utilized by 20 million businesses and individuals monthly. As Nigeria’s premier merchant acquirer, Moniepoint powers the majority of the country's point-of-sale transactions, processing digital payments exceeding $250 billion annually through its subsidiaries.

Role Overview

The Senior Credit Underwriter is responsible for evaluating SME, Mid-Corporate, and Large Corporate lending applications that require manual underwriting within the Industry sector. The role ensures that lending aligns with the organization’s risk appetite and maintains loan loss targets. Collaborating closely with the Head of Credit Risk Analytics and Chief Risk Officer, the incumbent will periodically assess and establish lending limits and parameters that balance risk and support business growth objectives. Continuous innovation in risk assessment and opportunity identification is expected, leveraging data insights and professional expertise to manage the credit risk portfolio effectively.

This role involves cross-functional collaboration with Sales, Product, and Data Engineering teams to foster strategic product initiatives that drive organizational growth.

Key Responsibilities

• Promote and implement best practices for credit analysis, underwriting, and continuous monitoring, including liaising with Sales teams during initial lending discussions and preparing credit approval documentation for senior management or risk committee review.
• Conduct comprehensive reviews and due diligence of lending applications encompassing financial assessments, business projections, stress testing, and other critical analyses supporting high-value loan approvals.
• Monitor sector portfolio health through regular credit reviews and targeted deep-dives to evaluate performance.
• Lead efforts to enhance underwriting frameworks and strategic approaches.
• Engage continuously across multiple teams to advance credit risk maturity within the company.
• Support risk initiatives and pilot projects by analyzing credit data.
• Undertake periodic assessments of individual bad debts.

Required Qualifications and Experience

• Extensive experience in underwriting SME and Large Corporate loans, particularly within Nigeria’s financial industry sector, ideally from a leading financial institution.
• Deep knowledge of the full underwriting process for large-ticket loans up to 5 billion NGN.
• Expertise in financial evaluations of SMEs and large corporates using diverse data including audited financial statements and bank records.
• Thorough understanding of economic challenges and opportunities in the industry sector, with familiarity of relevant macroeconomic and regulatory landscapes.
• Proficient in risk mitigation through collateral and covenant assessment across both secured and unsecured loans.
• Strong familiarity with Nigerian compliance and regulatory frameworks.
• Demonstrated adherence to underwriting best practices and standards.

Required Skills and Attributes

• Proven ability underwriting large-scale SME and corporate loans within the Nigerian industry sector.
• Meticulous attention to detail and commitment to diligence.
• Data-driven mindset coupled with logical analysis capabilities.
• Excellent verbal and written communication skills.
• Autonomous work style with strong problem-solving aptitude.
• Collaborative team player with high ethical and professional standards.

Employee Benefits and Culture

• An inclusive culture that prioritizes employee well-being and values diverse perspectives.
• Focus on continuous learning and professional development through knowledge sharing, training, and technical discussions.
• Competitive compensation package complemented by additional benefits.

Recruitment Process

• Initial screening phone conversation with a recruiter.
• Technical interview with the Head of Credit Risk.
• Interview with a business leader.
• Behavioral and technical interview with an executive team member.

Equal Opportunity Statement

Moniepoint is committed to diversity and inclusion, fostering an equitable environment for all employees and applicants.