Job Title: Credit Risk Underwriter
Location: Yaba, Lagos
Employment Type: Full-time
Job Responsibilities
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 with 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; modify credit packages to represent the committee’s final approval, as well as communicate senior management’s comments and requests of the commercial underwriting department to other staffs
Execution:
- Responsible for underwriting commercial loans and preparing presentations
- Takes decision 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
- 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.
- Analyzes more complex credits with assistance from senior department sta
- 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.
Requirements
- Requires a minimum of Bachelor’s Degree in Business, Finance, or Accounting.
- 3 years of underwriting and analysis experience
- 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;
- Computing languages knowledge is a plus
HOW TO APPLY
Interested and qualified candidates send their CV to: [email protected] copy: [email protected] using the Job Title as the subject of the email.
Deadline: March 1, 2023
Job Features
Job Category | Risk/Credit/Finance/Insurance/Investment |