Vacancies at Renmoney 

Vacancies at Renmoney

Renmoney – We are a passionate team determined to challenge the status quo and make financial inclusion count for the millions of under-banked individuals and small business owners in Nigeria. We provide loans, savings, and fixed deposit solutions to our customers. Our vision is to be the most convenient lending company, delivering outstanding service experiences.

We are recruiting to fill the position below:

Job Title: Credit Admin Officer

Location: Ikoyi, Lagos
Department: Underwriting

Description

• At Renmoney, we’re on a mission to transform the financial landscape for the under-banked in Nigeria. Passionate about customer experience and commitment to excellence, we’re looking for a dynamic Credit Admin Officer to support our credit operations.
• Are you detail-oriented, organized, and ready to make a real impact? This could be the role for you!

Responsibilities
What You’ll Do:

• First payment default – must ensure proper scrutiny of documents and a minimal likelihood of First payment default
• Fraud detection – Ensure all applications approved should be fraud free
• Minimizing approval error – Loans should be approved with less than 0.01% error. All loans approved should approve accurately and error free
• Numbers of transactions processed – Amount of transactions processed should not fall short of requirement
• Transaction processing turnover – must ensure all approved loans should not exceed the stipulated required time (maximum of 15minutes per file)
• Accuracy in Loan disbursement – must ensure accurate disbursement account validation prior to actual disbursement of funds
• Other underwriting related activities – must ensure other activities asides underwriting in the department are carried out smoothly and processed timely with accuracy

Requirements
What You Bring:

• A minimum of 2 years experience in credit administration or a related field.
• Strong analytical skills with a knack for detail—errors simply can’t slip by!
• Comfort with using financial software and Microsoft Office Suite.
• Exceptional communication skills, both written and verbal—you know how to engage with people!
• An ability to prioritize, handle multiple tasks simultaneously, and stay organized in a fast-paced environment.

Benefits

• You’ll receive competitive compensation and work with amazing people. You’ll work in a beautiful environment with a flat structure and solve complex, real-world challenges.

Application Closing Date
Not Specified.

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

Job Title: Team Lead, SME Underwriting

Location: Lagos
Employment Type: Full Time

The position

• We are seeking a highly skilled and motivated SME Underwriting Team Lead to join our dynamic team.
• As the SME Underwriting Team Lead, you will play a critical role in overseeing the underwriting process for small and medium-sized enterprises (SMEs) seeking financing solutions.
• Your expertise in credit assessment, risk analysis, and team management will be instrumental in ensuring the success of our underwriting operations and the growth of our portfolio.

Responsibilities

• Manage and train the team of underwriters, fostering a collaborative and supportive work environment. Provide guidance, training, and performance feedback to enhance individual and team performance.
• Coordinate the end-to-end underwriting process for SME loan applications. Review and assess creditworthiness, financial statements, and risk profiles of SMEs to determine eligibility for financing.
• Conduct thorough risk assessments of SME loan applications, evaluating factors such as industry trends, market conditions, and borrower credit history. Ensure compliance with the company’s underwriting guidelines and risk appetite.
• Analyze and interprete financial statements.
• Quantitative and qualitative assessment to identify and quantify the financial and business risks of the counterparty.
• Assess or understand the operating environment (i.e. industry, regulatory and legal risk) and how it impacts the risk profiles of clients.
• Make informed and data-driven lending decisions, balancing risk and reward. Collaborate with the Risk Infrastructure Lead to establish credit policies and guidelines for the underwriting team.
• Continue to improve the underwriting process by implementing best practices, leveraging technology, and refining credit risk models. Identify areas for process optimization and lead initiatives to enhance efficiency and accuracy.
• Monitor and manage portfolio, which include making recommendations and/or providing input to further develop the bank’s lending policy.
• Liaise with various business units and stakeholders
• Interact with clients.
• Ensure that all underwriting activities comply with relevant regulations and internal policies. Keep abreast of industry trends and changes in regulatory requirements.
• Collateral Management

Requirements

• Bachelor’s Degree in Finance, Economics, Business, or a related field. An advanced degree or professional certifications in Credit Risk Management is a plus.
• Proven experience in credit risk assessment and underwriting of SMEs and big Corporates, with a minimum of 3 years’ experience in a leadership or team management capacity.
• Commercial banking experience as a credit analyst
• Modelling, assessing or advising on financial and business risks should form part of this experience
• Strong analytical skills with the ability to interpret financial statements, assess creditworthiness, and make data-driven lending decisions.
• In-depth knowledge of lending regulations, risk management principles, and best practices in underwriting.
• Excellent leadership and interpersonal skills, with the ability to motivate and mentor team members.
• Demonstrated track record of process improvement and implementing automation or technology solutions to enhance underwriting efficiency.
• Effective communication skills, both verbal and written, with the ability to articulate complex financial concepts to non-financial stakeholders.
• A strategic mindset with a keen focus on portfolio performance and risk management.
• Experience in collateral management would be a plus.

Benefits

• You’ll receive competitive compensation and work with amazing people.
• You’ll work in a beautiful environment with a flat structure and solve complex, real-world challenges.

Application Closing Date
Not Specified.

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

Job Title: Collections Analyst

Location: Lagos (Hybrid)
Department: Collections

Job Description

• Implement and monitor strategies to improve collections and recoveries.
• Prepare accurate and timely reports for stakeholders.
• Identify, assess and mitigate risks associated with our collections/recovery models.
• Collaborate with other teams including Finance, Portfolio Monitoring and Fraud Investigation.

Requirements

• Experience in Collections/Risk management roles.
• Proficiency in data analysis tools (Microsoft Excel, SQL, Power BI).
• Strong analytical and problem-solving skills.
• Excellent communication and interpersonal skills.
• Ability to work independently and collaboratively in a fast-paced environment.

Benefits

• You’ll receive competitive compensation and work with amazing people.
• You’ll work in a beautiful environment with a flat structure and solve complex, real-world challenges.

Application Closing Date
Not Specified.

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