Latest Jobs at FairMoney

Job Summary

• The Finance department at FairMoney is a key component in this mission to provide banking services to all consumers across emerging markets.
• Finance drives the reporting, the strategic analysis and the financial operations to make FairMoney's mission possible. We are currently looking for a senior accountant:

Key Responsibilities
Monthly Management Reporting:

• Review monthly management report prepared by accountants and sign off.
• Ensure there are relevant schedules supporting the items on the financial statement
• Investigate and explain variances

Taxation:

• Update tax policies as may be required
• Ensure PAYE, Pension, WHT and VAT are appropriately deducted and remitted
• Manage the current income and deferred tax computation with the support of consultants
• Carry out tax planning and arrange transaction to ensure tax burden is optimized
• Manage tax audits and desk reviews with the support of consultant
• Ensure annual and monthly filings are done on or before due dates

Finance Operation:

• Carry out cash planning to ensure that expenses and obligations are met as at when needed
• Ensure excess cash are passed to the Treasurer for investment
• Update Standard Operating Procedures (SOP) and accounting policy manuals as may be required
• Manage the transaction processing team and ensure transactions are treated timely.

Year End Close/Statutory Audits:

• Support year end close and annual statutory audit.

Requirements

• Bachelor's degree in finance, accounting, or a related field.
• ACCA or ICAN professional certification is an added advantage
• Have an advanced Microsoft Excel Skills
• Have a minimum of five (5) years of experience in audit or financial service industry
• Strong experience in tax practice will be an added advantage
• Be an effective team player with a positive attitude
• Must be able to work without supervision.

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Job Summary

• The Head of Procurement will be responsible for developing and implementing procurement strategies to optimize costs, ensure supplier quality, and drive operational efficiency.
  This role involves overseeing all procurement activities, managing vendor relationships, ensuring compliance with regulatory requirements, and aligning procurement functions with the company's strategic objectives.

Key Responsibilities
Strategic Procurement Management:

• Develop and implement procurement policies, procedures, and strategies to optimize spending and enhance operational efficiency.
• Align procurement activities with FairMoney's financial and business objectives, ensuring cost savings and value creation.
• Lead negotiations with suppliers to secure the best terms, pricing, and service levels.
• Identify and mitigate procurement-related risks, including supplier reliability, regulatory compliance, and market fluctuations.

Vendor and Supplier Management:

• Establish and manage strong relationships with key suppliers and vendors to ensure the timely and cost-effective delivery of goods and services.
• Evaluate and categorize suppliers based on strategic importance, quality, and risk exposure.
• Implement supplier performance management processes, including key performance indicators (KPIs) and regular assessments.

Operational and Compliance Oversight:

• Ensure that procurement processes comply with internal policies, financial controls, and regulatory requirements.
• Collaborate with Finance and Legal teams to review and approve contracts, ensuring transparency and risk mitigation.
• Develop and oversee procurement budgets and spending forecasts, ensuring cost-effective purchasing decisions.

Team Leadership and Development:

• Build, train, and manage a high-performing procurement team, fostering a culture of efficiency and continuous improvement.
• Provide guidance and coaching to procurement staff, ensuring alignment with business priorities and best practices.
• Promote ethical procurement practices and adherence to corporate governance policies.

Technology and Process Optimization:

• Leverage procurement technology and automation tools to improve procurement efficiency and reporting.
• Monitor industry trends and emerging best practices to enhance FairMoney's procurement strategy.
• Implement and maintain supplier management and e-procurement systems for streamlined operations.

Requirements

• Bachelor's degree in Procurement, Supply Chain Management, Business Administration, Finance, or a related field.
• Professional certification (e.g., CIPS, CPSM, PMP) is a strong advantage.
• Minimum of 5 years of experience in procurement
• Experience in the financial services or banking sector is preferred.
• Strong knowledge of procurement best practices, contract negotiation, and supplier management.
• Proficiency in procurement software and ERP systems (NetSuite experience is a plus).
• Excellent leadership, negotiation, and stakeholder management skills.

Key Competencies:

• Cost management and budgeting
• Risk assessment and mitigation
• Relationship management and negotiation skills
• Regulatory compliance and governance
• Strong analytical and problem-solving abilities.

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About the role

• A highly analytical professional with deep expertise in Expected Credit Loss (ECL) modeling forecasting and collections risk analysis. This role is critical in shaping data-driven recovery strategies by analyzing delinquency trends, risk segmentation, and portfolio performance.
• The individual must have a strong understanding of how predictive models work, impact collections strategies, and how to interpret their outputs to optimize recovery efforts.
• The individual will be responsible for analyzing risk trends, evaluating collections effectiveness, and providing actionable insights to improve recoveries.
• This position requires hands-on experience with SQL, Python (for data analysis), and statistical modeling concepts, as well as a thorough understanding of how underwriting decisions and collections operations impact Expected Credit Loss and overall portfolio risk.

Requirements
ECL Modeling & Forecasting:

• Analyze and interpret ECL models and forecasts, providing insights into expected recoveries and risk exposure.
• Utilize historical delinquency and recovery data to assess the accuracy of ECL projections and recommend refinements.
• Perform vintage analysis and roll-rate modeling to understand credit deterioration and its impact on collections risk.
• Support stress testing efforts to evaluate portfolio performance under different collections strategies and economic conditions.
• Monitor and assess loss provisioning trends, ensuring alignment between collections strategies and expected recoveries.

Collections Performance Analytics & Risk Segmentation:

• Analyze cohort performance, delinquency trends, and borrower segmentation to optimize collections strategies.
• Evaluate the effectiveness of existing collections treatment paths, identifying areas for improvement.
•  Assess the impact of credit underwriting decisions on collections outcomes, ensuring alignment between risk assessment and recovery strategies.
• Support the design and execution of A/B testing for different collections approaches, using data to recommend optimal strategies.
• Monitor roll rates and transition matrices to detect early signs of delinquency risk and recommend intervention strategies.

Understanding of Predictive Models & Strategy:

• Interpret the outputs of propensity-to-pay models and predictive risk models, using insights to refine collections outreach.
• Work closely with data science teams to understand how machine learning models assess collections risk and borrower behavior.
• Leverage model-driven insights to enhance borrower segmentation, call center efficiency, and digital engagement strategies.
• Identify leading indicators of non-repayment, ensuring proactive collections intervention before delinquency worsens.
• Collaborate with strategy teams to refine contact strategies based on predictive insights, improving recovery rates.

Collaboration & Process Improvement:

• Work closely with finance, risk, and collections operations teams to ensure accurate forecasting and risk assessment.
• Provide data-driven recommendations to improve collections efficiency, reduce cost to collect, and enhance customer engagement.
• Develop automated reporting and dashboards for tracking collections KPIs, recovery rates, and delinquency trends.
• Support the Collections Analytics Manager in refining risk models and implementing strategy improvements based on data insights.
• Evaluate and recommend new data sources to improve collections risk analysis and forecasting accuracy.

Experience & Risk Management Expertise

• 3+ years of experience in collections analytics, credit risk, or a related data-driven role.
• Strong track record in forecasting delinquency trends and optimizing loss provisioning strategies.
• Experience working with ECL models, understanding their inputs, outputs, and business implications.
• Understanding of underwriting policies and how they influence collections risk and recovery strategies.
• Experience in A/B testing for collections strategy optimization.
• Strong ability to interpret predictive model outputs and apply insights to optimize collections operations.

Key Skills & Qualifications: Technical & Analytical Skills:

• Advanced proficiency in SQL and Python for data extraction, manipulation, and analysis.
• Strong expertise in Expected Credit Loss (ECL) modeling, loss forecasting, and provisioning calculations.
• Familiarity with statistical modeling, machine learning outputs, and predictive analytics in a credit risk or collections setting.
• Understanding of vintage analysis, roll-rate modeling, and transition matrices for delinquency risk assessment.
• Experience with Power BI, Tableau, or similar visualization tools to present collections insights effectively.
• Knowledge of IFRS 9 and other credit risk regulatory frameworks affecting ECL calculations.

Communication & Stakeholder Engagement:

• Strong ability to translate complex data findings into actionable recommendations for senior leadership.
• Experience working cross-functionally with finance, risk, and collections operations teams.
• Ability to present technical insights in a clear, non-technical manner to business stakeholders.
• Strong written and verbal communication skills to drive alignment on collections risk strategy.

Desired Traits:

• Highly Analytical: Strong problem-solving skills with the ability to break down complex data into actionable insights.
• Detail-Oriented: Ensures accuracy in reporting and forecasting to minimize risk exposure.
• Proactive: Continuously seeks ways to improve ECL forecasting, risk segmentation, and collections efficiency.
• Results-Driven: Focused on optimizing recovery rates and minimizing losses through data-driven strategy execution.
• Adaptable: Thrives in a fast-paced, dynamic environment where collections and risk strategies evolve rapidly.

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Roles and Responsibilities

• S/he will be responsible for driving the business of Merchant acquiring in the different merchant sectors (Supermarket, Pharmacies, Filling Stations, Eateries & Restaurants, Lounge and Bar and Hotels), within the Region, and developing; deploring strategies to increase sales revenue
• Developing plans and strategic initiatives for growing the Merchant Acquisition business and achieving the companys sales goals;
• Managing and leading the Merchant acquisition team within the Region, to deliver profitable growth
• Daily, Weekly, and Monthly monitoring of the KPI of the Merchant team within the assigned Region, ensuring all targets are met and exceeded consistently
• Drive the KAMs to ensure they hit all KPIs for the individual teams
• Hit target quotas for set KPIs for the Region(Transaction value, volume, and revenue)
• Monitoring market trends and providing regular competitor feedback to the Merchant Acquisition Manager
• Have a good understanding of the business's products or services and be able to advise others about them
• Follow up with Merchants and ensure active and inactive merchants are visited and if need be, mobilize retrieval of POS from inactive business partners within the region

Requirements

• Bachelor's Degree in Sales and Marketing or related fields
• 6 to 8 years of experience in the Merchant business
• Must have an Android phone
• Proven experience managing a high-performance sales team
• Ability to motivate a team of Sales Managers for performance
• Extremely flexible, result-oriented, and hardworking with a strong track record of success
• Ability to self-motivate and manage self
• Good communication and interpersonal skills
• Customer orientation and ability to adapt/respond to different characters,