Moniepoint is recruiting for a Portfolio Manager to be responsible for overseeing the loan portfolio and leading a team of Field Credit Officers within a specific state.
Application guidelines will be given in this post.
Also see: Field Credit Officer at Moniepoint – How to Apply
Quick Summary of Portfolio Manager at Moniepoint
| Company/Host | Moniepoint |
| Category | Job |
| Employment Type: | Contract |
| Title | Portfolio Manager |
| Experience Level | 4-5 years |
| Job Location | Edo State |
| End Date: | Not stated |
About Moniepoint
Moniepoint is Africa’s comprehensive financial ecosystem, which provides businesses and their clients with streamlined solutions for payment processing, banking, credit, and management. During the year 2023, we handled a total of $182 billion and became the leading merchant acquirer in Nigeria.
When you join Moniepoint, you will be contributing to one of the most rapidly expanding financial technology companies in Africa. In addition to providing a work atmosphere that is both innovative and welcoming, we also provide possibilities for professional development and the possibility of having a significant impact on the expansion of financial inclusion throughout Africa. Read more about Moniepoint.
Job Description
The Portfolio Manager is accountable for the supervision of the loan portfolio and the leadership of a team of Field Credit Officers in a particular state. This position entails the establishment of performance objectives, the effective management of credit risk, the maintenance of a robust loan portfolio, and the promotion of the business and loan products. In order to maintain credit policies and guarantee successful loan disbursement and repayment, the Portfolio Manager will work in close collaboration with other departments (e.g., Operations, Risk, and Products).
Key Responsibilities
Team Leadership and Management
- Supervise, mentor, and guide Field Credit Officers (FCOs) in the designated state.
- Set and communicate clear performance goals and objectives for the FCOs, ensuring that they are in line with the company’s overarching ambitions and strategy.
- Conduct regular performance assessments, identify training requirements, and promote professional development among team members.
Portfolio Oversight and Growth
- Create and implement strategies for building a strong and lucrative loan portfolio in the designated state.
- Monitor and analyse overall portfolio performance, including loan approvals, disbursements, and repayments, to ensure targets are reached.
- Identify trends and potential hazards, and take proactive steps to reduce any concerns that may affect portfolio health.
Credit Risk Management
- Ensure compliance with the organization’s credit rules and procedures.
- Review and approve loan applications proposed by FCOs, delivering final credit decisions as needed.
- Conduct periodic credit risk assessments and engage with the Regional Credit Manager and the VP of Credit Portfolio Management to refine and improve credit evaluation models.
Compliance & Reporting
- Maintain regulatory compliance and internal regulations governing credit operations and portfolio management.
- Prepare and provide frequent portfolio performance reports to the Regional Credit Manager and the VP of Credit Portfolio Management, emphasising important indicators, trends, and recommendations for improvement.
- Ensure that all documentation and records are correct, up to date, and in accordance with compliance requirements.
Stakeholder Engagement
- Collaborate with cross-functional teams (Products, Operations, Risk, etc.) to guarantee a smooth loan disbursement and servicing process.
- Build and maintain solid relationships with corporate clients and community stakeholders to boost the company’s market presence.
- Address and resolve escalated customer issues and enquiries regarding the loan portfolio.
Process Improvement
- Identify process gaps and inefficiencies in credit administration, and make recommendations for system and process improvements.
- Maintain awareness of industry best practices, market developments, and competitor activity, and adjust tactics as appropriate.
Qualifications
- Bachelor’s degree (or higher) in business, finance, economics, or a similar discipline.
- A minimum of 4-5 years of relevant experience in lending, credit, or portfolio management, including at least two years in a supervisory role.
- Proven experience in credit risk and financial analysis.
- Strong understanding of the financial sector’s regulatory standards and compliance.
- Proven experience managing and expanding a loan portfolio in a fast-paced environment.
- Must be a resident of the state of responsibility.
Relevant Skills
- Leadership & Team Management
- Analytical and problem-solving skills
- Communication and Interpersonal Skills
- Strategic Thinking and Planning.
- Skills include attention to detail and proficiency with technology.
Other requirements
- When working with sensitive information, it is critical to maintain high levels of integrity, professionalism, and confidentiality.
- The ability to travel for client visits, team meetings, and on-site evaluations as needed.
- Proactive and results-oriented approach, with a dedication to ongoing growth.
Method of Application
Click application link below to apply for the position of Field Credit Officer at Moniepoint