- Cape Town CBD
- Salary: Market Related
- Job Type: Permanent
- Sectors: IT Finance Management
- Reference: copy-2360312
Vacancy Details
Employer: Loaney (PTY) LTD
About Loaney
Loaney is an international online lending platform operating in the payday loan (PDL) segment across Europe, India, Mexico, and the Philippines. South Africa represents a strategic new market entry.
Requirements
- 2+ years of experience in online lending, consumer finance or payday lending (PDL);
- Proven experience managing lending operations in South Africa;
- Strong understanding of the South African short-term lending market and competitive landscape;
- Practical knowledge of NCA, NCR requirements, affordability regulations and credit bureau reporting;
- Experience working with banks, payment providers, DebiCheck providers and credit bureaus;
- Strong understanding of credit risk, collections and portfolio performance;
- Ability to manage teams and drive business growth;
- Previous experience launching, scaling or transforming a lending business will be considered a strong advantage.
Responsibilities
- Lead the launch and development of the South African business;
- Build and maintain relationships with banks, payment providers, credit bureaus and other local partners;
- Ensure compliance with local regulations and NCR requirements;
- Coordinate with central product, risk and technology teams to adapt the platform for the South African market;
- Monitor key business metrics and portfolio performance;
- Identify market opportunities and support product development;
- Build and manage the local team as the business grows;
- Drive long-term profitability and sustainable growth.
Preferred Background
Experience with digital lenders, fintech companies or consumer finance providers such as:
- Wonga;
- Lime / Century Financial Services;
- FinChoice;
- Boodle;
- DirectAxis;
- African Bank;
- other online lenders or short-term credit providers.
Why Join Us
- Opportunity to build a business from the ground up;
- International group with existing operations in multiple markets;
- Centralized support in technology, analytics, risk and marketing;
Candidate Requirements
Experience: A minimum of 2 years in the online lending or payday loan (PDL) business is required. Demonstrated track record of managing teams and driving business growth within South Africa.
Industry Knowledge: Deep understanding of short-term credit products, credit risk management, data management practices, and the monetization mechanics specific to the South African PDL market — including lead generation economics, approval rate optimization, repeat borrower lifecycle, and collection strategies.
Regulatory Expertise: Comprehensive, working knowledge of the National Credit Act 34 of 2005 (NCA), NCR registration requirements, prescribed maximum interest and fee structures under the National Credit Regulations (including the 2015 cost-of-credit amendments), affordability assessment obligations, and debt review processes under Section 86. Familiarity with the Companies Act 71 of 2008 as it applies to director duties and personal liability in regulated entities.
Market Knowledge: In-depth understanding of the local competitive landscape — including established players such as Wonga SA, Boodle, Lime Credit, DirectAxis, and African Bank — customer profiles (notably the LSM 4–7 employed segment), salary cycle dynamics, and channel preferences (USSD, mobile web, bank-linked disbursement).
Compliance Awareness: Practical understanding of POPIA (Protection of Personal Information Act 4 of 2013) as it applies to borrower data, credit bureau reporting obligations (TransUnion, Experian, XDS), and NCR submission requirements.
Communication Skills: Strong verbal and written English communication skills. Proficiency in Zulu, Xhosa, Sotho, or Afrikaans is an advantage given the target borrower demographic.
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