Head of Credit Job

Prosperity Microfinance Bank Nigeria Limited (PMBank) is a Microfinance Bank incorporated in Nigeria with the Corporate Affairs Commission of Nigeria in March 2005 under the provisions of the Companies and Allied Matters Act CAP C20 LFN 2004 with registration number RC 620230 and commenced operations on 10th October 2005. It is licensed to carry on the business of microfinance banking by the Central Bank of Nigeria.

Job Location: Ugbowor, Benin - Edo
Employment Type: Full-time

Job Description

• The Head of Credit at Prosperity Microfinance Bank is responsible for leading and managing the bank’s entire credit function, with a strong focus on credit risk assessment, loan portfolio quality, credit policy development, and innovative product design tailored to the microfinance market.
• The role reports directly to the Managing Director or Chief Risk Officer and requires a strategic thinker who can balance growth with risk while ensuring compliance with regulatory standards.
• The successful candidate will oversee the end-to-end credit risk management process by evaluating loan applications, conducting thorough due diligence, and ensuring all lending decisions align with the bank’s risk appetite and underwriting standards.
• He or she will be responsible for developing and implementing effective risk mitigation strategies aimed at reducing portfolio at risk (PAR) and non-performing loans (NPLs), while continuously monitoring loan performance and recommending corrective actions where necessary.
• In addition, the Head of Credit will lead the development, review, and continuous improvement of the bank’s credit policies and procedures, ensuring that all guidelines remain relevant to market conditions, regulatory expectations, and industry best practices.
• The role involves setting credit approval limits, defining risk thresholds, and ensuring that all credit staff are well trained and aligned with the bank’s policies and procedures.

Responsibilities

• The role also requires strong involvement in loan portfolio management, where the candidate will drive the growth of a high-quality and diversified loan portfolio while maintaining strict control over risk exposure.
• He or she will monitor key performance indicators such as portfolio at risk, loan recovery rates, and write-offs, and will oversee recovery strategies including collections and loan restructuring.
• The Head of Credit will also prepare and present periodic credit and portfolio performance reports to senior management and the board.
• A key component of the role is product development and innovation, as the candidate will collaborate with business development and operations teams to design, refine, and implement loan products such as SME loans, group lending, agricultural finance, and digital lending solutions.
• He or she will conduct market research to identify customer needs and emerging opportunities, ensuring that all products are profitable, scalable, and aligned with the bank’s overall risk framework, while also supporting product rollout, pilot testing, and performance tracking.
• The Head of Credit will provide leadership and direction to the credit team, including credit analysts and loan officers, by mentoring staff, building capacity, and driving a culture of accountability, integrity, and high performance. The role requires strong people management skills and the ability to ensure that the team consistently meets performance and risk management targets.
• Furthermore, the candidate will ensure full compliance with all regulatory requirements, particularly those set by the Central Bank of Nigeria and other relevant authorities, and will liaise with auditors, regulators, and internal stakeholders on all credit-related matters while ensuring timely and accurate reporting.

Requirements

• The role requires strong analytical and risk assessment skills, strategic thinking, excellent leadership ability, high integrity, attention to detail, and strong communication and report writing skills.
• Experience in digital lending, fintech-driven credit solutions, and a solid understanding of SME and informal sector financing will be considered an added advantage, particularly for candidates with a proven track record of improving portfolio quality and reducing non-performing loans.

Salary
N300,000 - N400,000 / month.

Method of Application
Interested and qualified candidates should send their CV and Cover letters to: [email protected] using the Job Position as the subject of the email.