JOB TITLE: Underwriter Team Lead
JOB LOCATION: Lagos Island, Lagos
Job Type: Full-Time
Job Category: Oil & Gas
Job Shift: Day
Duration: 4 weeks
Job Status: Sourcing
JOB DETAILS:
- Responsible for carrying out assessment on information provided by clients and prospects to determine the capacity of borrowers to repay their financial obligations and mitigate credit risk.
Key Responsibilities
- Review and evaluate loan applications submitted by Loan Officers to identify potential risks of the borrower.
- Collaborate with other business units to ensure quality and efficient decision-making process for loan approvals.
- Proper and fast redistribution of loan applications, ensuring the highest processing speed of applications.
- Verify the accuracy of information received and calculations made during financial analysis.
- Make recommendation on changes and improvement plans to the existing process to achieve maximum efficiency in the decision-making process.
- Collect and analyze relevant data for improved risk assessment decisions
- Provide feedback for underwriting policy reviews and updates.
- Support strategic initiatives in terms of risk scoring, ID checking and automated acceptance.
- Manage end to end loan underwriting processes including requesting, collecting, and managing required document.
- Reviews loan documents for accuracy, completeness, and adherence to approval conditions.
- Prepare, circulate and maintain Due Diligence Checklists for credit processing
- Collect, review and advise loan team regarding receipt and status of all underwriting documentation.
- Establish loan files in designated software and assure electronic and hard copy documentation is placed in appropriate location.
- Order and obtain reports and verifications from external parties including credit bureaus, NIBSS and other verification parties.
- Responsible for conducting research on borrowers and industries..
- Upon receipt of borrower credit documentations transfers data from analysis documentation to credit narrative and make loan recommendation to Head of Risk or authorized approval.
- Structures and recommends loans based on risk considerations and submit credits for appropriate approval.
- Ensures that loans are processed within the stipulated timelines.
- Strict adherence and compliance to stipulated policies, procedures and industry best practice.
- Provide support in the preparation and submission of credit committee meeting presentation, including drafting sections of the underwriting narrative and summary analysis of loan portfolio.
- Works closely with Head of Risk to monitor existing portfolio to ensure proper risk ratings and early identification of potential problems.
- Works with the Head of Risk on best credit policies, procedures and industry best practice.
- Takes ownership of the credit process, making decisions in the best interest of the customer and organization.
- Identifies policy exceptions within a credit request.
Qualifications
- Bachelor’s Degree in Business Administration, Economics, Accounting etc.
- Minimum of 5 years relevant work experience in banking operations, risk analysis, auditing, actuarial science, internal control or related fields
- Professional affiliation or membership with relevant institutions
- Evidence of completion of Microfinance Certification program is an add on
- Excellent spoken level of English (minimum Upper-Intermediate level)
- Good organizational, communication and presentation skills
- Experience in credit underwriting of microfinance clients (2 years +)
- Ability to make independent decisions.
Preferred Skills:
- Credit Administration, credit analysis and appraisal skills.
- Data mining and analysis to create reports and provide business intelligence.
- Strong business acumen, financial management and analysis skills.
- Outstanding communication (written and verbal) and interpersonal abilities.
- Strong marketing and public relations skills.
- Good team player with excellent leadership traits.
- Strong MS office suite skills and other relevant technological tools.
- Planning and organization skills.
- High degree of professionalism, maturity and confidentiality.
- Strong interpersonal and presentation skills.
- Strong analytical and problem-solving skills.
- Ability to collaborate with team of professionals, guiding and coordinating towards achieving common objectives.
- Influencing and Negotiation skills.
Requirements:
- Gender: Does not matter
- Age: 25 Years 55 Years
- Highest Education: Minimum Education University
- Degree title: Bachelor’s Degree in Business Administration, Economics, Accounting
- Experience: Minimum Experience 5 Year
- Other experience: Minimum of 5 years relevant work experience in banking operations, risk analysis, auditing, actuarial science, internal control or related fields
- Career Level: Experienced (Non-Manager
HOW TO APPLY
Interested and qualified candidates should send their updated CV to: [email protected] using the Job Title as the subject of the mail.
Or
Click here to apply online
Deadline: September 6, 2022
Job Features
Job Category | Content Writer |