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Junior Underwriter
About this role
FairMoney in Lagos is seeking a Junior Underwriter to support credit risk management and lending decisions. The role involves assessing initial credit applications, verifying business and financial information, analysing risk, and monitoring portfolios. The successful candidate will work with the Underwriting Lead and credit operations teams to ensure policy compliance and maintain credit quality. The position focuses on underwriting, risk assessment, reporting, and process improvement within the company’s lending activities.
What you would do
- Review and process initial credit applications in line with policies and procedures.
- Support day-to-day application of credit policies and standards.
- Conduct physical and online verification of onboarded businesses.
- Analyse financial statements and business models to assess creditworthiness.
- Identify potential risks and support lending decisions.
- Identify opportunities to improve credit assessment and approval processes.
- Monitor assigned businesses and facilities for emerging risks and alert relevant teams.
- Assist with risk assessment, documentation and reporting of credit risks.
- Review delinquent accounts to identify causes of default and follow up on actions.
- Prepare accurate credit risk reports for management reviews.
What they are asking for
- Bachelor's degree in Business Administration, Finance, Economics or a related field.
- 1–2 years of experience in credit underwriting in banking or financial services, focusing on SME clients.
- Ability to analyse financial statements and assess credit risk.
- Proactive, self-motivated and results-oriented mindset.
- Proficiency in MS Office Suite.
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