PalmPay Limited is a subsidiary of Transsnet Group is a Mobile Money Operator in Nigeria. The Company is licensed by the Central Bank of Nigeria and insured by NDIC. See more Palmpay Limited Job vacancies Here >>
PalmPay Limited Recruitment is to fill the position below:
Job Title: Head of Credit Loan
Location: Ikeja, Lagos
Employment Type: Full Time
Responsibilities
- Credit Strategy and Planning: Develop and implement credit strategies and plans that align with the organization’s goals and risk tolerance.
- Risk Assessment: Evaluate the creditworthiness of loan applicants, analyze financial data, and assess potential risks associated with loans.
- Loan Approval and Review: Make informed decisions on loan approvals, set appropriate terms and conditions, and ensure compliance with lending policies.
- Credit Policy Development: Establish and update credit policies, procedures, and guidelines to ensure consistent and effective lending practices.
- Team Management: Lead and manage a team of credit analysts, loan officers, and support staff, ensuring they follow best practices and achieve targets.
- Portfolio Management: Monitor the performance of the loan portfolio, track repayment schedules, and take appropriate actions on delinquent accounts.
- Compliance and Regulations: Ensure that all lending activities adhere to relevant Nigerian financial regulations, legal requirements, and compliance standards.
- Collaboration: Collaborate with other departments such as risk management, legal, and compliance to ensure a holistic approach to credit lending.
- Data Analysis: Utilize data analytics to evaluate lending trends, portfolio performance, and customer behavior, making data-driven decisions.
- Reporting: Provide regular reports to senior management and stakeholders on the credit portfolio’s performance, risk exposure, and compliance.
Qualifications
- Bachelor’s Degree in Finance, Economics, Business Administration, or a related field; Extensive experience in credit management, loan origination, and risk assessment within the Nigerian financial industry.
- More than 5 years Loan experience
- In-depth understanding of local regulatory and compliance requirements for lending activities in Nigeria.
- Strong leadership and team management skills, with the ability to inspire and guide a team effectively.
- Excellent analytical, problem-solving, and decision-making abilities.
- Effective communication and interpersonal skills to work with cross-functional teams and customers.
- Knowledge of financial technology (fintech) trends and tools for enhancing credit processes.
- Proven track record of achieving and exceeding credit portfolio targets.
Benefits
- Competitive compensation package and performance-based incentives.
- Opportunity to shape and innovate credit products in a growing fintech company.
- Comprehensive health insurance
- Exposure to cutting-edge technology and data-driven decision-making.
- Professional development opportunities and avenues for career growth.
Application Closing Date
Not Specified.
How to Apply
Interested and qualified candidates should:
Click here to apply online
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