Credit Risk Underwriter at Baobab Microfinance Bank

Baobab Microfinance Bank Nigeria is a leading financial services provider dedicated to empowering individuals and small businesses through innovative financial solutions. We offer a range of products including savings, loans, and financial services designed to meet the diverse needs of our clients. Our commitment to financial inclusion and sustainable growth has positioned us as a trusted partner in the communities we serve.

We are recruiting to fill the position below:

Job Title: Credit Risk Underwriter

Location: Lagos
Employment Type: Full-time
Reporting to: Chief Risk Officer / Credit Risk Manager

Mission

• Credit underwriters are responsible for conducting detailed research on the financial history of businesses and individuals to determine their creditworthiness, evaluating financial information and risks prior to granting loans to businesses or individuals.
• Their duties also entail conducting compliance reviews with the bank’s lending policy, previously approved terms, conditions and documentation standards, loan covenants, undertaking an assessment of their risk profile, and estimating the relative profitability of the relationship to the organisation.

Roles / Responsibilties
Strategy:

• To interact with relationship managers in developing credit requests to be presented to the loan committee for final approval; communicating their recommendation of terms and conditions; identifying items that warrant additional information or analysis with the potential customer; and determining if the request is an acceptable credit risk.
• To undertake research to be abreast of economic trends, industry analysis, regulatory requirements, and business and trade publications which could impact credit risk and/or the probable success of current customers and applicants.
• To represent the credit department at loan committee meetings, responding to questions regarding the analysis of individual credits; to modify credit packages to represent the committee’s final approval, as well as to communicate senior management’s comments and requests of the commercial underwriting department to other staff members.

Execution:

• Responsible for underwriting commercial loans and preparing presentations
• Makes decisions on credit applications under the supervision of senior underwriters
• Utilises provided software to score credit applications.
• Establishes rapport; maintains and grows important relationships within the portfolio.
• Performs annual reviews.
• Works with the credit administrator on policies and procedures.
• Provides support for business developers on new customers
• Undertakes the analysis, evaluation, and underwriting of proposed credit facilities for customers and prospects.
• Assesses credit opportunities; identifies key risks and structures alternatives, working with relationship managers and credit officers.
• Responsible for preparing in-depth credit packages.
• Responsible for conducting research on borrowers and industries
• Takes ownership of the credit process, making decisions in the best interest of the customer and organisation.
• Provides support to account officers on customer calls as needed
• Responsible for measuring covenants put in place within loan agreements, with a clear understanding of the effect and purpose of those loan covenants, and communicates the compliance of the borrowers to the relationship manager and chief credit officer as needed.
• Completes annual reviews, modifications, extensions, renewals, and new loan requests for customers with minimal required changes from the credit approvers.
• Analyses more complex credits with assistance from senior department staff.
• Applies experience with comparable credits to recommend appropriate covenants, terms, and conditions, and structure for a credit request.
• Identifies policy exceptions within a credit request.
• Discusses risk ratings and the rationale for the determination of acceptable credits with the relationship managers (RM) and credit approvers.

Profile

• Requires a minimum of a Bachelor’s Degree in Business, Finance, or Accounting.
• 3 years of underwriting and analysis experience / at least Senior loan officer.
• Having to complete a formal credit training program is an added advantage, and also must possess the ability to comprehend complex commercial credits.
• Good communication skills.
• Analytical Skills.
• Technically conversant and able to collaborate easily with engineers;
• Knowledge of computing languages is a plus.

Application Closing Date
21st June, 2026.

How to Apply
Interested and qualified candidates should:
Click here to apply online

Note: Only shortlisted applicants will be contacted.