Credit Underwriter (Credit Card Applications)

About the role

CredPal, a financial technology company offering credit cards and investment products, is looking for a Credit Underwriter in Lagos. The role assesses credit card applications, evaluates applicants' creditworthiness and makes data-driven credit decisions that balance portfolio growth with risk management, ensuring responsible credit limits and compliance with credit policies and regulations.

Key responsibilities

• Evaluate credit card applications using financial information, income, bank statements, credit bureau reports and transaction history.
• Assess repayment capacity, debt obligations, credit behaviour and risk exposure to determine eligibility.
• Recommend credit limits, pricing and terms based on risk and underwriting guidelines.
• Verify the accuracy and completeness of applications and supporting documents.
• Make credit approval, rejection or escalation decisions within delegated authority.
• Identify fraud indicators and high-risk applications and recommend risk mitigation.
• Collaborate with Product, Sales, Credit Operations and Risk teams to improve assessment processes and turnaround time.
• Review existing cardholders' performance and recommend limit changes or restrictions.
• Monitor early delinquency and underwriting outcomes and recommend improvements to assessment criteria.
• Maintain accurate credit decision records and comply with policies and regulations.

Required profile

• Bachelor's degree in Finance, Economics, Accounting, Statistics or a related field.
• At least 3 years of experience in credit underwriting, credit risk analysis or consumer lending, preferably in fintech or a financial institution.
• Strong understanding of credit card underwriting, credit scoring models and credit bureau reporting.
• Good knowledge of credit policies, fraud detection and lending regulations.
• Excellent attention to detail, sound judgement and clear communication with stakeholders.

Required skills

• Financial analysis, income verification, debt-to-income assessment and credit limit determination.
• Data analysis tools such as Microsoft Excel; SQL or credit decisioning systems is an advantage.
• Risk management software is an advantage.

What we offer

• Competitive salary and performance-based bonuses.
• Professional development and growth opportunities.
• Hybrid work options.