Recruitment at FairMoney Nigeria

Recruitment at FairMoney Nigeria

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: Team Lead – Collections

Location: Nigeria
Job type: Full time (On-site)
Category: Operations

Description

• We are looking for a competent Team lead for Loan collection to support the team in achieving their target of contacting clients and collecting outstanding payments.
• You will strike a balance between maintaining trustful relationships and ensuring timely payments.
• You should exhibit professionalism and trustworthiness. You should have excellent communication and negotiation skills, as well as an ability to guide and lead a team of Collectors.

Responsibilities

• Training and coaching of collections specialists.
• Driving the performance of the Collections team.
• Monitor accounts to identify outstanding debts
• Investigate historical data for each debt or bill.
• Handle escalations from customers and collections specialists.
• Find and contact clients to ask about their overdue payments.
• Take actions to encourage timely debt payments.
• Process payments and refunds.
• Resolve billing and customer credit issues.
• Update account status records and collection efforts.
• Report on collection activity and accounts receivable status.

Requirements

• A minimum of 3 years of experience in a similar domain with at least 1 year of dedicated experience as a Team Lead.
• Knowledge of billing procedures and collection techniques (e.g. skip tracing).
• Familiarity with laws related to debt collection (e.g. FDCPA).
• Working knowledge of MS Office (Intermediate level user) and ability to query databases (SQL), is a huge advantage.
• Comfortable working with targets.
• Patience and ability to manage stress.
• Excellent communication skills (written and oral).
• Highly skilled in negotiation.
• Problem-solving skills.
• Data analysis skills.
• Highly intellectual (at least a 2:2 or its equivalent).

Benefits

• Private Health Insurance
• Paid Time Off
• Pension Plan
• Work From Home
• Training & Development

Application Closing Date
Not Specified.

Method of Application
Interested and qualified candidates should:
Click here to apply online

Recruitment Process

• A screening call with the Recruiter for 30 minutes.
• Technical interview with the Hiring Manager for 30-45 minutes.

Job Title: Strategic Finance Manager

Location: Nigeria
Employment Type: Full Time

Job Description

• We are seeking a highly skilled and motivated Finance Manager to join our dynamic global Finance team in FairMoney.
• The ideal candidate will take up a critical multi-faceted role responsible for a wide range of responsibilities covering treasury and liquidity analysis, managing finances for new entities, supporting M&A activity, managing liabilities (deposit mobilisation), driving board and investor reporting, and aiding in international expansion efforts.
• This role also involves collaborating with consultants, auditors, and legal counsel to ensure the company’s financial health and strategic growth.

Key Responsibilities
Treasury and Liquidity Analysis:

• Conduct weekly and monthly liquidity analysis to ensure optimal cash flow management.
• Monitor and report on the company’s liquidity position and forecast future cash flows.
• Identify and mitigate potential liquidity risks.

Deposit Mobilisation Management:

• Perform analyses to help manage and grow the firm’s deposits including pricing analyses, develop appropriate incentivisation programmes
• Report on deposit mobilisation operation periodically and own the assessment of deposit rates
• Develop strategies to optimize the company’s liability structure.

Board and Investor Reporting:

• Own preparation of group board reports and presentations for investors.
• Ensure accurate and timely delivery of board decks and investor reports (quarterly cycle)
• Provide support during board meetings and investor calls.

Mergers and Acquisitions (M&A) Support:

• Assist in the evaluation and execution of M&A opportunities.
• Perform financial due diligence and valuation analysis.
• Collaborate with cross-functional teams to integrate acquired businesses.

Financial Management for New Entities:

• Oversee the financial and accounting setup for new business entities.
• Ensure compliance with local and international accounting standards and regulations.
• Develop, implement and manage/control financial policies and procedures for new entities.

International Expansion:

• Assist with the incorporation of new entities as part of the company’s international expansion program.
• Ensure compliance with local regulations and requirements in new markets.
• Coordinate with internal and external stakeholders to facilitate smooth setup and operation of new entities.

Financial Analysis:

• Conduct various ad hoc financial analyses as required by management.
• Provide insightful financial data to support strategic decision-making.
• Prepare detailed reports and presentations for senior management.

Qualifications

• Bachelor’s Degree in Finance / Accounting / Economics, or a related field.
• Professional accounting qualification (e.g., ACA, ACCA, CPA) viewed favourably
• Minimum of 5 years of experience in finance, with a focus on liquidity management, financial analysis, or M&A activities.
• Knowledge of relevant financial regulations and compliance requirements.
• Understanding of banking and financial services business model and unit economics.

Key Competencies:

• Curiosity and appetite to learn
• Strong analytical and problem-solving skills
• Ability to own project briefs, work independently and manage end-to-end process to resolution
• Ability to manage multiple projects and deadlines.
• Strong organizational and time management skills.
• Strong Excel modelling skills
• Good PowerPoint skills
• Excellent communication and interpersonal skills.
• Attention to detail and high level of accuracy.
• Team player with a collaborative approach to work.

Application Closing Date
Not Specified.

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

Job Title: Data Analyst, Collections & Risk

Location: Nigeria 
Employment Type: Full-time

About the Role

• 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.

Application Closing Date
Not Specified.

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