Credit Underwriter

About this role

CredPal is hiring an experienced Credit Underwriter in Lagos to assess credit card applications, evaluate applicants’ creditworthiness, and make data-driven decisions that balance portfolio growth with risk management. The role focuses on responsible credit limit allocation, minimising default risks, and ensuring compliance with internal policies and regulatory requirements. The underwriter will review applications, verify documentation, determine eligibility, and approve, reject, or escalate within authorised limits. Collaboration with Product, Sales, Credit Operations, and Risk teams is expected to improve assessment processes and turnaround times. Responsibilities include monitoring cardholder performance and recommending credit limit changes based on repayment behaviour and risk, while upholding policy compliance and maintaining accurate decision records.

What you would do

• Evaluate credit card applications and determine creditworthiness using financial information, income, bank statements, credit bureau reports and transaction history
• Assess repayment capacity, debt obligations, credit behaviour and overall risk to determine eligibility for credit facilities
• Recommend credit limits, pricing and other terms based on risk assessment and underwriting guidelines
• Review and verify accuracy and completeness of applications and supporting documents
• Make credit approval, rejection or escalation decisions within delegated authority and policies
• Identify fraud indicators and high-risk applications, proposing risk mitigation measures
• Collaborate with Product, Sales, Credit Operations and Risk teams to improve assessment processes and turnaround time
• Review existing cardholders’ credit performance and recommend limit adjustments based on repayment behaviour and risk exposure
• Monitor early delinquency trends and underwriting outcomes to identify gaps and propose improvements
• Ensure compliance with internal policies, regulatory requirements and maintain accurate decision records

What they are asking for

• Bachelor’s degree in Finance, Economics, Accounting, Statistics or related field
• Minimum of 3 years’ experience in credit underwriting, credit risk analysis or consumer lending (fintech or financial institution preferred)
• Strong understanding of credit card underwriting, consumer credit risk, credit scoring models and credit bureau reporting
• Proficiency in financial analysis, income verification, debt-to-income assessment and credit limit determination
• Good knowledge of credit policies, fraud detection and lending regulations
• Strong analytical and quantitative skills with proficiency in data analysis tools such as Microsoft Excel; SQL or credit decisioning systems advantageous
• Excellent attention to detail, sound judgement and ability to make timely, risk-based decisions
• Effective communication skills to convey complex information to stakeholders
• Ability to work in a fast-paced, dynamic environment
• Proficiency in risk management software and tools is an advantage

Listing details are summarised from the source. Always confirm the role and the employer on the original posting before applying, and never pay to apply for a job.