Job Title: Verification Officer
Organisation: Numida
Duty Station: Kampala, Uganda
About Organisation:
Numida provides working capital for African micro businesses. We use proprietary credit models and tech-enabled underwriting workflows to provide unsecured working capital loans to semi formal African micro businesses. Business owners download our app, apply for a loan in minutes from their place of business, and are approved within a day. Currently, there’s $200 billion in unmet credit demand by micro businesses across the continent. In 2021, we provided 30,000 working capital loans to 8,600 micro businesses in Uganda with best-in-class recovery rates. Numida is backed by Y Combinator (W22 batch) and multiple high-profile impact investors.
Job Summary: Numida is looking for a Verification Officer responsible for conducting thorough and accurate verifications of information submitted by first-time loan applicants.
This role is essential for ensuring the authenticity, integrity, and quality of applicant information, thereby facilitating informed decision-making by Credit Relationship Officers (CROs) for loans of 1,000,000 UGX and above.
Key Duties and Responsibilities:
- Achieve an Average Loan Value (ALV) of 550,000 UG for first-time applicants by December 2026.
- Enhance collection rates on first-time loans.
- Minimize instances of loan slashing.
- Improve conversion rates for loan applications.
- Increase retention rates for acquired loans
Conditions for Verification:
- Applicable to new loan applications above 1,000,000 UGX.
- Loans must have the potential to be reduced by 500,000 UGX and exceed 1,000,000 UGX.
Verification Process:
- Upon signing a loan agreement exceeding 3,000,000 UGX, the verification process is initiated.
- The CRO submits a verification request through the designated verification channel.
- The Finance Department is notified, and a transport requisition is created, submitted to both the Growth and Finance Departments.
- Upon approval, Finance allocates the necessary funds to the Verification Officer.
- The Verification Officer conducts a comprehensive assessment of the business.
- Feedback from the verification is communicated to the CRO through the verification channel, with the CRO managing the remainder of the loan application process.
Qualifications, Skills and Experience:
- Highly organized with the ability to manage multiple tasks effectively and efficiently.
- Strong critical thinking and problem-solving skills.
- Self-motivated and capable of working independently as well as collaboratively within a team.
- High ethical standards with a commitment to maintaining confidentiality and integrity.
Skills and Qualifications:
- Bachelor’s degree in a relevant field (e.g., Finance, Business Administration, or a related discipline).
- 2 years of experience in verification, auditing, or a related field, preferably within the fintech or financial services sector.
- Familiarity with loan processing and risk assessment is advantageous.
How to Apply:
All suitably qualified and Interested applicants should apply online at the link below.
NB: Only shortlisted candidates will be contacted.
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Level of Education: bachelor degree
Work Hours: 8
Experience in Months: 24