• Application Deadline: Wed, 1 Mar 2023 00:00:00 GMT
• Position: Credit Risk Underwriter


• Job Type Full Time


• Qualification BA/BSc/HND


• Experience 3 years


• Location Lagos


• Job Field Finance / Accounting / Audit 
  

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