Recruitment at FairMoney Nigeria

Recruitment at FairMoney Nigeria

FairMoney Nigeria 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: Head of Business Banking Product

Location: Nigeria

Job Summary

• We are seeking an experienced and dynamic Product leader to join our growing POS merchant & agency business in Nigeria.
• As we embark on our transformation journey to become a leading business bank in addition to our core POS services, we need a visionary leader who possesses a deep understanding of fintech, core payment systems, and business banking.
• The ideal candidate will play a crucial role in shaping our product strategy, driving innovation, and delivering exceptional financial services to merchants and businesses across Nigeria and other parts of Africa as we expand

Roles and Responsibilities

• Product Strategy: Develop and execute a comprehensive product strategy that aligns with the company’s vision of becoming a leading business bank. Identify growth opportunities, market trends, and customer needs to enhance our product offerings.
• Fintech Expertise: Leverage fintech knowledge and industry insights to drive product innovation and digital transformation. Identify emerging technologies that can improve our financial services and optimise business processes.
• Business Banking Expansion: Lead the expansion of our product portfolio to include business banking services such as deposits, lending, trade finance, and other financial solutions tailored to meet the needs of small and medium-sized businesses.
• Core Payment Solutions: Oversee the enhancement and maintenance of our core payment systems, including POS terminals, to ensure seamless and secure transactions for our customers.
• Market Research: Conduct market research and competitive analysis to understand customer preferences, identify market gaps, and inform product development decisions.
• Customer-Centric Approach: Champion a customer-centric approach to product development, ensuring that all initiatives are focused on delivering value and an exceptional user experience to our merchant and business customers.
• Cross-Functional Collaboration: Collaborate closely with engineering, design, marketing, and operations teams to deliver new products and features in a timely manner.
• Regulatory Compliance: Stay updated on relevant financial regulations and ensure that our products and services adhere to all compliance requirements.
• Performance Tracking: Define key performance indicators (KPIs) and metrics to track the success of new product launches and overall product performance.
• Team Leadership: Build and lead a high-performing product team, fostering a culture of innovation, collaboration, and continuous improvement.
• Despite all of the above superpowers, you have no chip on your shoulder & are fun to work with.

Preferred Background & Experience

• Bachelor’s or Master’s degree in Business, Finance, Computer Science, or a related field
• Proven experience 10+ in fintech, product management, and business banking, preferably in the Nigerian or African market or emerging markets
• Strong understanding of core payment systems, financial technologies, and digital banking platforms
• Track record of successfully launching and scaling financial products and services
• Excellent strategic thinking, problem-solving, and decision-making abilities
• Strong leadership skills with the ability to motivate and inspire cross-functional teams
• Exceptional communication and interpersonal skills
• Experience with regulatory compliance in the financial services industry
• Flexibility to adapt to a fast-paced and evolving business environment
• Passion for driving financial inclusion and making a positive impact on businesses and communities

Requirements

• Bachelor’s degree in Business, Finance, Computer Science, or a related field. A Master’s degree is a plus
• Proven experience as a Product Manager in the lending industry, preferably within the fintech sector
• In-depth knowledge of lending products and services, including consumer and small business lending, credit scoring models, and risk assessment
• Demonstrated experience in developing and launching successful fintech products
• Strong analytical and data-driven decision-making skills
• Familiarity with the Nigerian and African fintech markets and an understanding of local customer preferences and behaviors is a bonus, but not essential
• Excellent leadership and communication skills with the ability to collaborate effectively with cross-functional teams
• Experience in managing and motivating high-performing product teams
• Creative problem solver mindset with a data-driven and KPI-oriented approach using such tools as SQL, Python and Excel
• Entrepreneurial mindset and commitment to getting hands dirty at all times;

Benefits

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

Application Closing Date
Not Specified.

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

Recruitment Process 

• Interview with the Director of Product
• Case Study
• Interview with the CEO

Job Title: Quality Assurance (QA) Engineer

Location: Nigeria (Remote)
Employment type: Full time

About the Role

• We are looking for a skilled QA engineer with deep knowledge of automation who will become a part of our team and lead QA practices in squads.
• This position assumes that the candidate will involve, drive, and guide developers from teams in a QA perspective to help them perform QA activities properly with maximum effectiveness in a short time by using all arsenal of advantages that automation can provide.
• Also, this person will be involved in product discussions to help identify acceptance criteria.

Key Responsibilities

• Participate in product documentation review and suggest improvements to increase their quality
• Design test scenarios and automate them to increase test coverage of products’ functionalities
• Executing test scenarios (including manual)
• Design/review test strategy and execute all functional and non-functional types of tests defined in there
• Collaborate closely with the product manager and developer team lead.

Requirements

• Bachelor’s / Master’s Degree in Computer Science, Maths, or related technical domain.
• 5+ years of dedicated hands-on experience in a QA role.
• Experience with API/UI automation.
• Experience with CI/CD process and integration of QA processes into it.
• Knowing QA/TA best practices.
• Experience in leading QA/TA processes on projects.

Our technical stack:

• Cloud providers: Azure, AWS.
• Backend: .Net, Python.
• Mobile applications: React Native.
• CI/CD: Azure Devops, GitHub Actions.

Benefits

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

Application Closing Date
Not Specified.

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

Recruitment Process:

• Screening call with a member of the recruitment team for 30 minutes.
• Technical interview with members of the Engineering team for 45-60 minutes.
• Interview with key stakeholders for 45-60 minutes.

Job Title: Legal Officer, Advisory and Transaction Support

Location: Nigeria
Employment type: Full-time

Job Summary

• This is a great opportunity to join and grow with our legal team to support one of the largest and fastest-growing digital banks in Nigeria and Africa as a whole.
• The role will be dynamic and will leverage your commercial experience and familiarity with financial services.
• You will additionally provide company secretarial assistance to FairMoney.

Roles and Responsibilities

• Legal Advisory & Support: Drafting and reviewing legal documents, drafting agreements such as facility agreements, Service Level Agreements, etc. Review of Conditions Precedent (CPs), to ensure all drawdown documentation meets lender requirements.
• Credit Disbursement & Securitization: Perfection of security, coordinate legal perfection of mortgages, charges, and debentures.
• Legal Risk Management: Contractual risk identification, identify and escalate risk clauses in strategic documentation.
• Litigation/Conflict Management: Engagement with external solicitors, brief solicitors, provide documentation, and liaise on litigation strategy.

Requirements

• Candidate must have at least 4 years of experience in a Financial Institution.
• 4 years of relevant legal experience.
• Knowledge of commercial, corporate, and financial laws.
• Excellent communication and interpersonal skills.
• Advisory skills.
• Strong analytical and problem-solving skills.
• Highly organized and detail-oriented.
• Ability to work independently and manage multiple tasks.
• Proficiency in MS Office.

Benefits

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

Application Closing Date
Not Specified.

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

Recruitment Process:

• A screening interview with one of the members of the Talent Acquisition team for 30 minutes.
• Technical interview with Head, Legal for 45-60 minutes.

Job Title: Team Manager – Merchant Lending

Location: Nigeria

Job Summary

• The Team Manager will Manage with effectiveness and efficiency, a team portfolio of customers with the strict minimum risk acceptance level by selling the different products of the company.
• The Por supervisor remains responsible of the portfolio activities of his/her team from promotion, loan assessment, disbursement collection and complete recovery.
• He/she is also responsible for having a good relationship with FairMoney’s clients and encourage them to buy all the products they are qualified for.

Key Responsibilities
Loan Officer Supervision:

• Manage Team of Portfolio managers play a team leadership role that motivates team members to achieve excellence
• Ensure that individual loan officers on team meet monthly disbursement objectives
• Ensure that individual loan officers on team meet monthly quality targets by maintaining a very strict minimum risk level
• Monitor performance to make sure that every team member is performing to the optimum level and ensure that the policy and procedures are respected
• Conduct pre-disbursement field visits with loan officers on team
• Monitor daily repayment
• Support loan officers with loan recovery, client acquisition
• Approving loans when approval authorities are granted
• Assessing periodically the performance of his/her team member for decision making
• Support the area manager or the state manager in building a good working environment
• Represent the institution towards active and potential partners with dignity and pride

Training:

• Provide regular training for loan officers on team
• Coach and mentor loan officers

Reporting:

• Prepare daily reports on individual loan officer performance
• Other tasks as assigned

Requirements

• HND/Bachelor’s Degree in Sales and Marketing or related fields
• A minimum of 6 years of experience in Loan Sales / Portfolio Management and team management
• Ability to motivate a team of Sales Managers for performance
• Extremely flexible, result-oriented, and hardworking with a strong track record of success
• Ability to self-motivate and manage self
• Good communication and interpersonal skills
• High level of integrity
• Dynamic and motivated and individuals who like to work outdoors
• Target Driven.

Benefits

• Private Health Insurance
• Pension Plan
• Training & Development.

Application Closing Date
Not Specified.

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

Job Title: Senior Product Manager – Banking

Location: Remote

Role Overview

• The Senior Product Manager for our Neobanking division will play a crucial role in devising and implementing strategies for our banking products.
• This position demands an expert understanding of digital banking trends, regulatory environments, and the unique financial needs within the African market.

Key Responsibilities
Product Strategy and Vision:

• Craft a compelling product strategy for the Neobanking division that aligns with Fairmoneyʼs overarching business goals.
• Scout and prioritize market opportunities to ensure our banking products are competitive and address the needs of a dynamic fintech environment.

Product Roadmap Management:

• Work collaboratively with teams across Engineering, Marketing, UX/UI Design, Data Analytics, and Operations to develop a cohesive and feasible product roadmap.
• Continuously evaluate and adjust the roadmap in response to market shifts, consumer feedback, and strategic priorities.

Customer Insights and Analysis:

• Execute detailed market research and customer analyses to extract insights that inform product decisions and enhance customer engagement and satisfaction.
• Leverage analytics to refine product features and ensure alignment with user expectations and business objectives.

Product Development and Launch:

• Supervise the entire product lifecycle from ideation to market launch, guaranteeing quality, compliance, and alignment with customer expectations.
• Ensure seamless collaboration across functional teams to achieve product delivery within set timelines and budget.

Risk Management and Compliance:

• Coordinate closely with the Compliance and Risk management teams to ensure all banking products comply with legal standards and ethical norms.
• Develop strategies to mitigate risks and secure the interests of both customers and the business.

Performance Tracking and Optimisation:

• Establish and monitor critical performance indicators to measure product success and market penetration.
• Iterate and enhance product offerings based on rigorous analysis and customer feedback.

Team Leadership and Development:

• Lead, mentor, and build capabilities within the product management team to foster a culture of innovation and excellence.
• Define clear team goals, offer consistent feedback, and support career development.

Requirements

• Bachelor’s degree in Business, Finance, Computer Science, or related field; Masterʼs preferred.
• Extensive experience as a Product Manager Leader within the banking or fintech sectors.
• Comprehensive understanding of digital banking products, including mobile banking, API-driven banking services, and customer engagement tools.
• Strong analytical skills with a proficiency in data analysis tools such as SQL, Python, and Excel.
• Deep familiarity with the Nigerian and broader African fintech landscapes; knowledge of local banking regulations and customer behaviors is highly advantageous.
• Exceptional leadership and communication skills, with a proven ability to manage high-performing teams in a fast-paced environment.
• Innovative and entrepreneurial mindset, with a commitment to hands-on problem-solving and a data-driven approach.

Benefits

• Private Health Insurance
• Performance Bonus
• Pension Plan
• Training & Development.

Application Closing Date
Not Specified.

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

Recruitment Process

• HR Screening-30 minutes
• Technical interview with the product team: 60 minutes
• Assignment (takeaway)
• Final interview with Director of Product: 60 minutes.

Job Title: Relationship Manager

Location: Nigeria

Roles and Responsibilities

• S/he will be responsible for driving the business of Merchant acquiring in the different merchant sectors (Supermarket, Pharmacies, Filling Stations, Eateries & Restaurants, Lounge and Bar and Hotels), within the Region, and developing; deploring strategies to increase sales revenue
• Developing plans and strategic initiatives for growing the Merchant Acquisition business and achieving the companys sales goals;
• Managing and leading the Merchant acquisition team within the Region, to deliver profitable growth
• Daily, Weekly, and Monthly monitoring of the KPI of the Merchant team within the assigned Region, ensuring all targets are met and exceeded consistently
• Drive the KAMs to ensure they hit all KPIs for the individual teams
• Hit target quotas for set KPIs for the Region(Transaction value, volume, and revenue)
• Monitoring market trends and providing regular competitor feedback to the Merchant Acquisition Manager
• Have a good understanding of the business’s products or services and be able to advise others about them
• Follow up with Merchants and ensure active and inactive merchants are visited and if need be, mobilize retrieval of POS from inactive business partners within the region.

Requirements

• Bachelor’s Degree in Sales and Marketing or related fields
• A minimum of 6 to 8 years of experience in the Merchant business
• Must have an Android phone
• Proven experience managing a high-performance sales team
• Ability to motivate a team of Sales Managers for performance
• Extremely flexible, result-oriented, and hardworking with a strong track record of success
• Ability to self-motivate and manage self
• Good communication and interpersonal skills
• Customer orientation and ability to adapt/respond to different character.

Benefits

• Private Health Insurance
• Performance Bonus
• Pension Plan
• 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 a member of the recruitment team for 30 minutes
• Technical interview with the hiring manager for 30 to 60 minutes.

Job Title: Legal Officer – Litigation Support

Location: Nigeria
Employment type: Full time

Job Summary

• This is a great opportunity to join and grow with our legal team to support one of the largest and fastest-growing digital banks in Nigeria and Africa as a whole.
• The role will be dynamic and will leverage your commercial experience and familiarity with financial services.
• You will additionally provide company secretarial assistance to FairMoney.

Roles and Responsibilities

• Litigation/Conflict Management: Management of Court Orders, ensure timely verification and processing of court orders (e.g., Garnishee, Mareva, Injunctive Relief).
• Litigation/Conflict Management: Engagement with external solicitors, briefing solicitors, providing documentation, and liaising on litigation strategy.
• Customer Legal Relations: Response to solicitor/customer complaints, draft and issue responses to legal complaints from solicitors representing customers.
• Legal Administration: SLA and Contract Review, review SLAs, NDAs, and procurement/service contracts across business units.
• Document Execution & Filing: Document execution and tracking, coordinate execution of legal documents.
• Legal Recordkeeping: Maintenance of litigation schedule, maintain and update a live litigation tracker, including solicitor names, next hearing dates, and case summary.
• Compliance & Governance: Perfection of Securities (support), follow-up on registry filings, and administrative support.

Requirements

• Candidate must have at least 3 years of experience in a Financial Institution.
• 3 years of relevant legal experience.
• Knowledge of commercial, corporate, and financial laws.
• Excellent communication and interpersonal skills.
• Advisory skills.
• Strong analytical and problem-solving skills.
• Highly organized and detail-oriented.
• Ability to work independently and manage multiple tasks.
• Proficiency in MS Office.

Benefits

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

Application Closing Date
Not Specified.

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

Recruitment Process:

• A screening interview with one of the members of the Talent Acquisition team for 30 minutes.
• Technical interview with Head, Legal for 45-60 minutes.

Job Title: Portfolio Manager

Location: Enugu
Employmnt Type: Full Time

Key Responsibilities
Pre-loan disbursement:

• Promote/Market FairMoney’s products to prospective clients by using all the channels possible
• Visit and evaluate potential clients businesses
• Visit client’s personal house when it’s necessary
• Visit co-debtor’s, guarantor’s houses and businesses when it’s required
• Analyze financial data of client’s businesses
• Analysis of quantitative and qualitative data of client’s businesses and households
• Prepare loan documents for credit committee
• Present loan files to credit committee
• Enter Loan files in the MIS
• Represent FairMoney towards all active and potential partners with dignity and pride
• Fulfill all other necessary assignments by the institution.

Post-Loan Disbursement:

• Conduct monitoring visits to business and households
• Follow- up on day-to-day loan repayments
• Manage loan recovery from active and written-off clients until full reimbursement is achieved
• Assess the impact of loan before renewal.

Requirements

• HND/Bachelor’s Degree in Sales and Marketing or related fields
• A minimum of 4 years of experience in Loan Sales / Portfolio Management
• Ability to motivate a team of Sales Managers for performance
• Extremely flexible, result-oriented, and hardworking with a strong track record of success
• Ability to self-motivate and manage self
• Good communication and interpersonal skills
• High level of integrity
• Dynamic and motivated and individuals who like to work outdoors
• Target Driven.

Benefits

• Private Health Insurance
• Performance Bonus
• Pension Plan
• Training & Development.

Application Closing Date
Not Specified.

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

Recruitment Process

• A screening call with a member of the recruitment team for 30 minutes
• Technical interview with the hiring manager for 30 to 60 minutes.

Job Title: Finance Manager

Location: Nigeria
Employment Type: Full-time (Hybrid)

Responsibilities
Monthly Management Reporting:

• Review monthly management report prepared by accountants and sign off.
• Ensure there are relevant schedules supporting the items on the financial statement.
• Train and motivate accountants.
• Resolve issues raised by the financial control units and other reviewers timely and accurately.

Variance Analysis:

• Identify drivers for financial statements line items.
• Analyse the variance between actuals and budget as well as change over time.
• Recommend corrective actions for adverse variances.

Regulatory Reporting:

• Ensure CBN returns is submitted on or before the 5th day of the month.
• Ensure the NDIC report and other regulatory returns are submitted as at when due.
• Manage CBN audits.

Year End Close/Statutory Audits:

• Lead the annual statutory audit.

Requirements
The ideal candidate will be

• A qualified Accountant (ACCA, ICAN).
• Must be very good with IFRS.
• Have an Advanced Microsoft Excel Skills.
• SQL and other data analytics skills are major advantage.
• Have a minimum of seven (7) years of experience.
• Experience in audit and/or financial service industry is necessary.
• Must have excellent leadership and interpersonal skills.
• Be an effective team player with a positive attitude.
• Must be able to work without supervision.

Application Closing Date
Not Specified.

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