Underwriter, SME Lending at Oxygen X Finance Company Limited Plc

Oxygen X Finance Company Limited Plc is a credit company backed by one of Africa’s largest Banking Groups, with a goal to build Africa’s largest consumer and SME lender. We aim to build the most accessible, convenient, digital credit solutions on the continent. We take our mission and our user’s challenges extremely seriously and are seeking brilliant, innovative, self-starters to join us on our journey.

We are recruiting to fill the position below:

Job Title: Underwriter, SME Lending

Location: Lagos

The Position

• The Underwriter for SME lending will be responsible for evaluating loan applications from SMEs and determining the risk associated with each proposal.
• You will analyze financial data, assess applicants’ creditworthiness, and make informed recommendations to ensure sound lending decisions.

Responsibilities

In this role, you will:

• Analyze loan applications and supporting documentation to determine eligibility and compliance with company policies and regulatory requirements.
• Evaluate applicants’ financial histories, credit reports, and collateral to assess risk levels and make informed underwriting decisions.
• Approve or deny loan applications based on thorough analysis and risk assessment. Recommend alternative financing solutions where appropriate.
• Work closely with loan officers, credit analysts, and other stakeholders to gather necessary information and clarify any issues related to applications.
• Prepare and maintain detailed documentation of underwriting decisions, including rationale and any conditions for approval.
• Stay updated on market trends, economic conditions, and regulatory changes that may impact underwriting policies and procedures.
• Communicate effectively with applicants regarding underwriting decisions, required documentation, and any follow-up actions needed.

Requirements

We are looking for people with:

• Bachelor’s Degree in Finance, Economics, Business Administration, or a related field; relevant certifications (e.g., CIB, ACIB) are a plus.
• 3+ years of experience in underwriting SMEs or credit analysis within the banking or financial services sector in Nigeria.
• Strong analytical skills with proficiency in evaluating financial statements and credit reports.
• Excellent communication and interpersonal skills, with the ability to work collaboratively in a team environment.
• Knowledge of relevant regulations and compliance standards in the Nigerian banking sector.
• Attention to detail and strong organizational skills.

We are the place for you, if:

• You are uncompromising in searching for the best way to get things done.
• You can balance a healthy respect for rules with creative, high-impact ways to out-perform the status-quo.
• You have deep experience in connecting strong teamwork abilities with outstanding individual execution.
• You are driven by creating meaningful impact for our users and outstanding business results.