Junior Credit Underwriter at Kolomoni Microfinance Bank

Job Summary

• The Junior Credit Underwriter supports the Credit department by performing first-level review of loan applications, compiling and verifying documentation, and conducting preliminary credit checks under the supervision of a Senior Underwriter.
• The role is designed to build underwriting competence through structured exposure to lower-value, lower-complexity loan files, with all approval recommendations reviewed before escalation.

Key Responsibilities
Underwriting Support;

• Conduct first-level review of loan applications  for completeness and basic eligibility
• Verify KYC documentation against CBN KYC tiering requirements (Tier 1, 2, 3)
• Pull and summarize credit bureau reports (CRC, FirstCentral, CreditRegistry) for senior review
• Perform basic financial computations: income verification, simple cash flow summaries, repayment ratio calculations
• Draft preliminary credit notes for Senior Underwriter review prior to memo finalization

Documentation & Filing;

• Maintain credit files in line with the document checklist for each loan product
• Confirm collateral documents (where applicable) are present and follow up on outstanding items
• Track disbursement conditions precedent and flag status to Senior Underwriter
• Log application turnaround timestamps for reporting purposes

Coordination;

• Liaise with Sales/Relationship Officers to request missing information or clarify applications
• Escalate any red flags, inconsistencies, or suspected fraud indicators immediately to the Senior Underwriter
• Support audit and regulatory examination preparation by retrieving and organizing requested files

Requirements

• Bachelor's Degree (HND / BSc) in Finance, Accounting, Economics, Banking, or related field
• 0–2 years' experience; fresh graduates with strong analytical aptitude considered
• Basic understanding of credit principles and willingness to learn CBN MFB regulatory framework
• Proficient in Excel; comfortable with basic financial calculations
• High attention to detail and strong integrity in handling sensitive financial data