Opportunity at
FairMoneyJunior Underwriter
FairMoney is seeking a Junior Underwriter to join its credit risk management team. Established in 2017, FairMoney operates as a mobile banking institution focused on emerging…
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About This Role
FairMoney is seeking a Junior Underwriter to join its credit risk management team. Established in 2017, FairMoney operates as a mobile banking institution focused on emerging markets, delivering digital microcredit, current accounts, savings, debit cards, and point-of-sale solutions to underserved communities. In this position, the Junior Underwriter will play a key role in supporting credit risk activities, evaluating loan applications, verifying business credentials, and monitoring credit portfolios. The professional taking…
Job Description
FairMoney is seeking a Junior Underwriter to join its credit risk management team. Established in 2017, FairMoney operates as a mobile banking institution focused on emerging markets, delivering digital microcredit, current accounts, savings, debit cards, and point-of-sale solutions to underserved communities.
In this position, the Junior Underwriter will play a key role in supporting credit risk activities, evaluating loan applications, verifying business credentials, and monitoring credit portfolios. The professional taking on this role will collaborate closely with the Underwriting Lead and credit operations teams to help maintain portfolio quality and guide lending decisions.
This opportunity is well-suited for professionals looking to build their career in credit analysis and risk management within a multicultural environment. Team members at FairMoney contribute to transforming financial services across Africa, working alongside colleagues representing over 27 nationalities.
Responsibilities
- Review and process initial credit applications according to internal credit policies and guidelines
- Perform physical and online checks to verify onboarded businesses and establish credibility
- Examine financial statements and business models to evaluate creditworthiness
- Track credit facilities and assigned businesses to spot emerging risks and portfolio deterioration
- Analyze delinquent accounts to determine default causes and recommend corrective measures
- Prepare precise credit risk reports to aid management decisions
- Contribute to ongoing enhancements in credit assessment workflows
Requirements
- Bachelor degree in Finance, Economics, Business Administration, or a related discipline
- Between 1 and 2 years of prior experience in credit underwriting within the financial services or banking sector
- Primary focus on small and medium-sized enterprise clients
- Demonstrated ability to evaluate credit risk and interpret financial statements
- Proactive, results-oriented, and self-motivated working style
- Competency in the MS Office Suite
Core Skills
Benefits
- Private Health Insurance
- Pension Plan
- Paid Time Off
- Training and Development
Frequently Asked Questions
Answers are based only on the employer’s listing; where it doesn’t say, neither do we.
What are the main responsibilities of a Junior Underwriter?
The role involves reviewing initial credit applications, conducting business verifications, performing financial analysis, monitoring portfolio credit risks, and analyzing delinquent accounts.
What qualifications are required to apply for this job?
Applicants must hold a Bachelor's degree in Economics, Finance, Business Administration, or a related field, along with 1 to 2 years of credit underwriting experience focused on SME clients in the banking or financial services industry.
What benefits does FairMoney provide for this position?
FairMoney offers private health insurance, a pension plan, paid time off, and training and development opportunities.
What is the recruitment process like?
The hiring process consists of a 30-minute screening interview with a Talent Acquisition team member, followed by a 45 to 60-minute technical interview with the Hiring Manager.
Is this position remote?
The job posting does not specify whether the role is remote, hybrid, or on-site.
Sample Interview Questions
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