LAPO Microfinance Bank is a pro-poor financial institution committed to the social and economic empowerment of low-income households through provision of access to responsive financial services on a sustainable basis. The Institution was established in the late 1980s as a Non-Governmental Organization (NGO) by Godwin Ehigiamusoe in response to the effects of...
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The Head, Payroll Lending, is responsible for the strategic leadership, growth, and operational performance of the Bank’s payroll lending business. This role entails developing robust credit policies, overseeing the end-to-end loan lifecycle, ensuring regulatory compliance, including adherence to Central Bank of Nigeria (CBN) guidelines, and driving innovative payroll loan products and partnerships. The ideal candidate is an experienced credit professional with a strong background in payroll-based lending, portfolio risk management, and business development within Nigeria's financial services sector.
Key Responsibilities
Design and execute a growth-focused strategy for the Bank’s payroll lending portfolio in line with corporate objectives.
Establish, review, and regularly update payroll lending policies and procedures to ensure efficiency, compliance, and risk control.
Identify and develop new payroll loan offerings based on market needs and competitor analysis; collaborate with Product and IT teams to bring solutions to market.
Lead the credit risk evaluation process for payroll loans and implement frameworks to mitigate delinquency and default risks.
Monitor the payroll lending portfolio's performance, assess key performance indicators (KPIs), and implement strategies to enhance loan quality and profitability.
Build and maintain strategic relationships with employers, government agencies, and corporate partners to boost payroll loan origination.
Supervise and coach the payroll lending team, promote professional growth, and maintain a high-performance culture.
Ensure adherence to all applicable laws, CBN guidelines, data protection regulations, and internal control policies concerning payroll lending.
Generate insightful portfolio performance reports and dashboards for senior management, with actionable recommendations for improvement.
Identify areas for operational efficiency and implement enhancements to reduce turnaround time and improve borrower experience.
Work closely with departments such as Finance, Internal Control, Marketing, Risk, and IT to ensure seamless operations and cross-functional support.
Qualifications & Experience
Bachelor's degree in Finance, Economics, Business Administration, or a related field. Relevant professional certifications (e.g., CIBN, CRMS, ACA) are an advantage.
Minimum of 7 years of experience in consumer lending, with at least 3 years in payroll lending or unsecured loans within the Nigerian financial sector.
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