Jobs at Kolomoni Microfinance Bank

Job Summary

• The Head of Credit Administration owns the end-to-end integrity of the underwriting and credit administration function across Kolomoni's lending products.
• The role sets and enforces underwriting standards, chairs or sits on the credit committee for higher-value exposures, owns portfolio quality outcomes, and ensures the Credit Admin function remains audit-ready and aligned with CBN MFB regulatory obligations as the bank progresses toward its national licence.

Key Responsibilities
Credit Policy & Underwriting Standards:

• Own and maintain the credit approval memo checklist and underwriting standards across all lending product types
• Set delegated authority limits for Junior and Senior Underwriters and review these periodically against portfolio performance
• Approve or decline loans above Senior Underwriter delegated limits; chair or participate in the credit committee for high-value or high-risk exposures
• Ensure underwriting practice keeps pace with new product launches (e.g., Kolomoni Capital Advance, KTAL/Babaloja) with appropriately calibrated, CBN-grounded policy numbers

Risk, Compliance & Portfolio Oversight:

• Ensure full compliance of the Credit Admin function with CBN MFB prudential guidelines, single obligor limits, KYC tiering, and AML/CFT obligations
• Own portfolio-level exposure monitoring, obligor concentration limits, and early-warning escalation across the loan book
• Direct investigation and resolution of fraud indicators or material policy breaches identified by underwriting staff
• Serve as primary Credit Admin liaison for internal audit, internal control, and CBN regulatory examinations
• Report portfolio quality, underwriting exceptions, and emerging risk themes to the Head of Credit and executive management

Team Leadership & Process Management:

• Manage, develop, and performance-appraise the Junior and Senior Underwriter team
• Own underwriting turnaround time SLAs and drive process efficiency without compromising credit discipline
• Establish and maintain credit file documentation standards, including collateral perfection requirements, across all branches and agency channels
• Coordinate with Legal, Compliance, Sales, and Product teams to align documentation and disbursement conditions across the lending lifecycle
• Lead recruitment, onboarding, and capability-building for the underwriting team

Requirements

• Bachelor's Degree in Finance, Accounting, Economics, Banking, or related field; postgraduate qualification or relevant professional certification (e.g., ACIB, credit risk certification) preferred
• 8+ years' experience in credit underwriting/risk management, including at least 3 years in a supervisory or management role within microfinance, commercial banking, or fintech lending
• Deep working knowledge of the CBN MFB regulatory framework, prudential guidelines, AML/CFT/NFIU obligations, and licensing requirements
• Demonstrated experience building or scaling underwriting teams and credit policy frameworks
• Strong stakeholder management skills across executive, audit, compliance, and regulatory interfaces
• Excellent written and verbal communication for board- and executive-level reporting

Key Competencies:

• Strategic credit risk judgment balanced with commercial pragmatism
• Strong leadership, coaching, and team development capability
• Regulatory fluency and comfort engaging directly with examiners/auditors
• Decisiveness under pressure, particularly around exceptions and escalations
• Unwavering integrity and resistance to undue influence in lending decisions

go to method of application »

Job Summary

• The Senior Credit Underwriter independently evaluates loan applications across all product lines, makes documented lending recommendations within delegated authority, and provides quality control over work produced by Junior Underwriters.
• The role carries direct accountability for credit memo quality, regulatory compliance of underwriting decisions, and portfolio-level risk discipline within the Credit department.

Key Responsibilities
Underwriting & Credit Assessment:

• Independently review and analyze loan applications across all product types  for creditworthiness
• Conduct full financial analysis: cash flow assessment, debt service coverage ratio (DSCR), and repayment capacity
• Interpret credit bureau reports and resolve discrepancies or adverse findings with applicants/Sales
• Calculate and verify key ratios (DSCR, LDR exposure, single obligor limits) against policy thresholds, including KYC tier transaction limits
• Prepare and finalize credit memos/appraisal reports with clear, well-reasoned recommendations for approval, decline, or referral
• Review and approve/return work prepared by Junior Underwriters before escalation

Risk & Compliance:

• Ensure all loans under review comply with CBN MFB prudential guidelines, AML/CFT requirements, and internal credit policy
• Identify and investigate red flags, inconsistencies, or fraud indicators; escalate confirmed concerns to the Head of Credit Admin and Compliance
• Monitor obligor concentration and portfolio-level exposure limits for assigned segments
• Recommend exceptions or policy deviations through proper approval channels with documented justification

Documentation, Reporting & Mentorship:

• Ensure collateral documentation (where applicable) is properly perfected and filed before disbursement approval
• Confirm conditions precedent are fully met prior to recommending disbursement
• Provide regular reports on underwriting turnaround time, approval/decline rates, and portfolio quality for assigned book
• Mentor and review the work of Junior Underwriters, providing structured feedback on credit memo quality
• Liaise with Legal/Compliance on documentation and perfection requirements
• Support audits and regulatory examinations with documentation and explanation as required

Requirements

• Bachelor's Degree in Finance, Accounting, Economics, Banking, or related field; relevant credit/risk certification an advantage
• 4–7 years' experience in credit analysis/underwriting, with at least 2 years in microfinance, retail banking, or fintech lending
• Strong working knowledge of the CBN MFB regulatory framework, prudential guidelines, and AML/CFT requirements
• Advanced Excel proficiency; experience with loan origination/core banking systems required
• Demonstrated track record of sound credit judgment and low memo rejection/rework rate
• Strong written communication skills for credit memo and appraisal report writing

Key Competencies:

• Sound, independent credit judgment
• Strong risk awareness and ability to identify subtle red flags
• Process discipline under turnaround time pressure
• Coaching and review capability for junior staff
• Integrity and resistance to undue influence in lending decisions

go to method of application »

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