Job Opportunity: Collections Analyst at FairMoney

Company Overview:

FairMoney is a pioneering mobile banking institution specializing in extending credit to emerging markets. Established in 2017, FairMoney currently operates mainly within Nigeria and has secured nearly €50 million in funding from globally renowned investors like Tiger Global, DST, and Flourish Ventures. FairMoney maintains a robust international presence with offices in several countries, including France, Nigeria, Germany, Latvia, the UK, Türkiye, and India.

In alignment with its vision, FairMoney is actively constructing the foremost mobile banking platform and point-of-sale (POS) solution tailored for emerging markets. The journey began with the introduction of a digital microcredit application exclusively available on Android and iOS devices. Today, FairMoney has significantly expanded its range of services to include current accounts, savings accounts, debit cards, and state-of-the-art POS solutions catering to the needs of both merchants and agents.

To gain deeper insights into FairMoney's pivotal role in reshaping Africa's financial landscape, we invite you to watch this informative video.

About the Role:

We are looking for a dynamic Collections Analyst to join our Risk department and help drive the growth of our Nigerian portfolio. Your mission will be to ensure portfolio performance in line with company OKRs, aiming to offer the best-tailored credit services to as many clients as possible. Your goal is to establish FairMoney as a Tier 1 digital lender in Nigeria. You will be a key Business Partner, playing a critical role in managing FairMoney’s ability to grow in the market.

Role and Responsibilities:

• Assist in the development of collections strategy.
• Strategic campaign planning and optimization of new and existing collections models.
• Utilize data sets to perform analytics and propose solutions.
• Own the main portfolio metrics - default rates, acceptance rates, and profitability.
• Collaborate with Data Science, Debt Collection, and Growth teams on a daily basis.
• Work closely with the Product and Engineering teams on improvements for the lending product.
• Build, improve, and maintain the credit risk policy for Nigeria to facilitate portfolio growth in accordance with company OKRs.
• Communicate performance results and other findings with respective stakeholders.
• Stay updated with the company’s lending protocols.
• Benchmark current risk practices against those stipulated within business units.
• Implement the best possible methodologies to improve credit performance while considering associated risks, yet offering prime credit facilities.

Qualifications and Requirements:

• At least 2 years of experience in Fintech, retail banking credit risk (consumer loans), or NBFCs.
• Expert in credit risk analysis/underwriting principles, methods, and practices.
• Proficient in SQL with reasonable experience using BI tools like Tableau or PowerBI.
• Strong quantitative analysis experience.
• Exceptional attention to detail and ability to notice data discrepancies.
• Excellent understanding of financial statements, ratios, and concepts.
• Strong communication skills.

Benefits:

• Private Health Insurance
• Pension Plan
• Training & Development
• Hybrid Work
• Paid Time Off

Recruitment Process:

1. Screening interview with a Senior Recruiter - 30 minutes.
2. Technical Assessment.
3. Technical Interview with the Lead Risk Manager - 45-60 minutes.

Company Name: FairMoney

Job Title: Data Analyst: Collections & Risk