Jobs at Prosperity Microfinance Bank Nigeria Limited

Job Description

• The Head of Credit at Prosperity Microfinance Bank is responsible for leading and managing the bank’s entire credit function, with a strong focus on credit risk assessment, loan portfolio quality, credit policy development, and innovative product design tailored to the microfinance market.
• The role reports directly to the Managing Director or Chief Risk Officer and requires a strategic thinker who can balance growth with risk while ensuring compliance with regulatory standards.
• The successful candidate will oversee the end-to-end credit risk management process by evaluating loan applications, conducting thorough due diligence, and ensuring all lending decisions align with the bank’s risk appetite and underwriting standards.
• He or she will be responsible for developing and implementing effective risk mitigation strategies aimed at reducing portfolio at risk (PAR) and non-performing loans (NPLs), while continuously monitoring loan performance and recommending corrective actions where necessary.
• In addition, the Head of Credit will lead the development, review, and continuous improvement of the bank’s credit policies and procedures, ensuring that all guidelines remain relevant to market conditions, regulatory expectations, and industry best practices.
• The role involves setting credit approval limits, defining risk thresholds, and ensuring that all credit staff are well trained and aligned with the bank’s policies and procedures.

Responsibilities

• The role also requires strong involvement in loan portfolio management, where the candidate will drive the growth of a high-quality and diversified loan portfolio while maintaining strict control over risk exposure.
• He or she will monitor key performance indicators such as portfolio at risk, loan recovery rates, and write-offs, and will oversee recovery strategies including collections and loan restructuring.
• The Head of Credit will also prepare and present periodic credit and portfolio performance reports to senior management and the board.
• A key component of the role is product development and innovation, as the candidate will collaborate with business development and operations teams to design, refine, and implement loan products such as SME loans, group lending, agricultural finance, and digital lending solutions.
• He or she will conduct market research to identify customer needs and emerging opportunities, ensuring that all products are profitable, scalable, and aligned with the bank’s overall risk framework, while also supporting product rollout, pilot testing, and performance tracking.
• The Head of Credit will provide leadership and direction to the credit team, including credit analysts and loan officers, by mentoring staff, building capacity, and driving a culture of accountability, integrity, and high performance. The role requires strong people management skills and the ability to ensure that the team consistently meets performance and risk management targets.
• Furthermore, the candidate will ensure full compliance with all regulatory requirements, particularly those set by the Central Bank of Nigeria and other relevant authorities, and will liaise with auditors, regulators, and internal stakeholders on all credit-related matters while ensuring timely and accurate reporting.

Requirements

• The role requires strong analytical and risk assessment skills, strategic thinking, excellent leadership ability, high integrity, attention to detail, and strong communication and report writing skills.
• Experience in digital lending, fintech-driven credit solutions, and a solid understanding of SME and informal sector financing will be considered an added advantage, particularly for candidates with a proven track record of improving portfolio quality and reducing non-performing loans.

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Job Description

• The Financial Controller is responsible for overseeing the financial management, reporting, and control functions of the bank, ensuring accuracy, transparency, and full compliance with regulatory and statutory requirements.
• The role reports to the Managing Director and plays a critical part in maintaining the financial integrity of the institution while supporting strategic decision-making.
• The successful candidate will manage all accounting operations, including financial reporting, general ledger management, and bank reconciliations, ensuring that all financial records are accurate, complete, and up to date at all times.
• He or she will be responsible for preparing timely monthly, quarterly, and annual financial statements in line with applicable accounting standards and regulatory guidelines, while also ensuring that discrepancies are promptly identified, investigated, and resolved.

Responsibilities

• A key responsibility of the Financial Controller is to oversee and perform detailed bank reconciliations across all accounts, ensuring that all transactions are properly captured and matched, and that any outstanding items are resolved within acceptable timelines.
• The candidate must demonstrate a high level of accuracy and attention to detail in reconciling financial data and maintaining audit-ready records.
• The role requires in-depth knowledge of regulatory returns applicable to microfinance banks, and the candidate will be responsible for preparing and submitting accurate and timely returns to regulatory bodies, including the Central Bank of Nigeria and other relevant authorities.
• He or she must ensure full compliance with all reporting requirements, proactively track changes in regulations, and implement necessary updates to reporting processes and templates.
• The Financial Controller will also be responsible for ensuring effective use and management of the bank’s core banking system, with a strong requirement for expertise in BankOne core banking software.
• He or she will oversee financial data extraction, validation, and reporting from the system, ensure data integrity, and collaborate with IT and operations teams to resolve system-related issues and improve reporting efficiency.
• In addition, the candidate will establish and maintain strong internal controls to safeguard the bank’s assets, prevent fraud, and ensure compliance with internal policies and procedures.
• He or she will coordinate internal and external audits, provide necessary documentation, and implement audit recommendations to strengthen financial processes and controls.
• The Financial Controller will supervise the finance and accounts team, providing leadership, guidance, and capacity building to ensure high performance and adherence to best practices.
• The role requires the ability to manage multiple priorities, meet tight reporting deadlines, and maintain a high standard of professionalism and integrity.

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Job Description

• The Financial Controller is responsible for overseeing the financial management, reporting, and control functions of the bank, ensuring accuracy, transparency, and full compliance with regulatory and statutory requirements.
• The role reports to the Managing Director and plays a critical part in maintaining the financial integrity of the institution while supporting strategic decision-making.
• The successful candidate will manage all accounting operations, including financial reporting, general ledger management, and bank reconciliations, ensuring that all financial records are accurate, complete, and up to date at all times.
• He or she will be responsible for preparing timely monthly, quarterly, and annual financial statements in line with applicable accounting standards and regulatory guidelines, while also ensuring that discrepancies are promptly identified, investigated, and resolved.

Responsibilities

• A key responsibility of the Financial Controller is to oversee and perform detailed bank reconciliations across all accounts, ensuring that all transactions are properly captured and matched, and that any outstanding items are resolved within acceptable timelines.
• The candidate must demonstrate a high level of accuracy and attention to detail in reconciling financial data and maintaining audit-ready records.
• The role requires in-depth knowledge of regulatory returns applicable to microfinance banks, and the candidate will be responsible for preparing and submitting accurate and timely returns to regulatory bodies, including the Central Bank of Nigeria and other relevant authorities.
• He or she must ensure full compliance with all reporting requirements, proactively track changes in regulations, and implement necessary updates to reporting processes and templates.
• The Financial Controller will also be responsible for ensuring effective use and management of the bank’s core banking system, with a strong requirement for expertise in BankOne core banking software.
• He or she will oversee financial data extraction, validation, and reporting from the system, ensure data integrity, and collaborate with IT and operations teams to resolve system-related issues and improve reporting efficiency.
• In addition, the candidate will establish and maintain strong internal controls to safeguard the bank’s assets, prevent fraud, and ensure compliance with internal policies and procedures.
• He or she will coordinate internal and external audits, provide necessary documentation, and implement audit recommendations to strengthen financial processes and controls.
• The Financial Controller will supervise the finance and accounts team, providing leadership, guidance, and capacity building to ensure high performance and adherence to best practices.
• The role requires the ability to manage multiple priorities, meet tight reporting deadlines, and maintain a high standard of professionalism and integrity.

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Job Description

• The Internal Auditor at Prosperity Microfinance Bank is responsible for ensuring the integrity, accuracy, and efficiency of the bank’s operations, financial reporting, and compliance processes.
• The role reports directly to the Audit Committee of the Board and works closely with management to identify risks, recommend improvements, and maintain a strong internal control environment.
• The Internal Auditor plays a key role in safeguarding the bank’s assets, mitigating operational and financial risks, and supporting sustainable business growth.
• The successful candidate will conduct comprehensive audits across all areas of the bank, including finance, operations, lending, treasury, and IT systems.
• He or she will perform detailed reviews of processes, records, and controls, assessing compliance with internal policies, procedures, and regulatory requirements, and will ensure that monthly financial and operational renditions are accurate, complete, and submitted on time.
• The Internal Auditor will evaluate the effectiveness of internal controls, identify weaknesses or gaps, and recommend corrective measures to enhance efficiency and reduce risk exposure.
• A critical aspect of the role is performing rigorous risk assessments to identify potential operational, financial, and regulatory risks.
• The Internal Auditor will develop and maintain a risk-based audit plan, prioritize audit activities according to the bank’s risk profile, and ensure that high-risk areas receive timely and thorough attention.
• He or she will monitor compliance with banking regulations, industry standards, and best practices, while ensuring alignment with the bank’s strategic objectives.

Responsibilities

• The Internal Auditor will also be responsible for preparing detailed audit reports for senior management and the Audit Committee, highlighting findings, implications, and recommended corrective actions.
• He or she will follow up on the implementation of audit recommendations, track progress on risk mitigation initiatives, and report on outstanding issues to ensure accountability and transparency
• . In addition, the Internal Auditor will provide guidance and support to management and staff to strengthen operational controls and promote a culture of risk awareness across the bank.

Requirements

• The ideal candidate must possess strong analytical and problem-solving skills, attention to detail, and the ability to interpret complex financial and operational data.
• Excellent communication and report writing skills are essential, as the role requires presenting findings and recommendations to senior management and board committees.
• Leadership and interpersonal skills are also important, as the Internal Auditor will often work across departments to implement improvements and foster a culture of accountability.
• The Internal Auditor is a key guardian of the bank’s financial health, operational efficiency, and regulatory compliance.
• The role ensures that all monthly renditions, financial reports, and operational processes are accurate and reliable, while identifying and mitigating risks that could affect the bank’s stability and reputation.