This Junior Underwriter role focuses on supporting the organization's credit risk management activities through credit assessment, business verification, financial analysis, and portfolio monitoring. The Underwriter will review initial credit applications, validate business and financial information, and ensure compliance with credit policies and approval guidelines. Day-to-day work covers credit risk monitoring, delinquency analysis, and management reporting in a hybrid setup based in Lagos.

• Job Location: Lagos, Lagos, Nigeria
• Employment Type: Full-time (Hybrid)
• Salary: Not stated

FairMoney is a pioneering mobile banking institution specializing in extending credit to emerging markets. Established in 2017, the company operates primarily within Nigeria and has secured nearly €50 million in funding from global investors including Tiger Global, DST, and Flourish Ventures. FairMoney is building a mobile banking platform and point-of-sale solution tailored for emerging markets, with a suite of financial products including current accounts, savings accounts, debit cards, and POS solutions. The company's diverse workforce spans over 27 nationalities.

• Review and process initial credit applications in line with the company's credit policies, underwriting procedures, and approval guidelines
• Support the implementation and day-to-day application of the company's credit policies, standards, and procedures
• Conduct physical and online verification of onboarded businesses to validate submitted information and establish business credibility
• Review business models and financial statements to assess creditworthiness, identify potential risks, and support lending decisions
• Identify opportunities to improve the efficiency, accuracy, and effectiveness of credit assessment and approval processes
• Monitor assigned businesses and credit facilities for emerging risks, unusual activities, and potential signs of deterioration, escalating concerns to the appropriate team
• Support the identification, assessment, measurement, documentation, and reporting of credit risks
• Assist in reviewing and updating the company's credit policies and underwriting standards in line with approved guidelines and best practices
• Review delinquent accounts to identify possible causes of default, recommend appropriate corrective actions, and track follow-up activities to ensure timely resolution
• Assist with administrative and operational activities relating to third-party partnerships
• Prepare accurate, timely, and reliable credit risk reports to support management reviews and decision-making
• Perform other relevant duties assigned by Management

• Bachelor's degree in Business Administration, Finance, Economics, or a related field
• A minimum of 1 - 2 years of experience in credit underwriting within the banking or financial services industry, with a focus on SME clients
• Ability to analyze financial statements and assess credit risk
• Proactive, self-motivated, and results-oriented mindset
• Proficiency in MS Office Suite

How to Apply
Interested candidates should Apply here.

Why This Job Might Be a Good Fit
This role suits someone with early underwriting or credit experience who wants hands-on responsibility for credit assessment and portfolio monitoring inside a fintech rather than a traditional bank. Because the position covers business verification, financial analysis, and risk reporting, it builds practical credit risk skills that transfer across banking, fintech, and lending institutions.

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