• Application Deadline: Tue, 30 Aug 2022 00:00:00 GMT
• Position: Underwriter Team Lead


• Job Type Full Time


• Qualification BA/BSc/HND


• Experience 5 years


• Location Lagos


• Job Field Finance / Accounting / Audit 
  

Description

• 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