Credit Analyst at Autochek

Industry: Automotive
Division / Department: Operations
Reports to: Senior Manager Underwriting & Reporting
Impact on Customers: Internal & External

Job Summary

• We seek to engage a productivity-oriented professional who will collaborate with the executive management team, to improve the underwriting standards in alignment to local and international underwriting regulations, taking into cognizance, underwriting policies, guidelines, rating manual and insurance regulations.

Essential Job Functions

• Implement Underwriting framework long-term strategic financial objectives
• Evaluate possibility of losses due to catastrophe or excessive insurance.
• Review and possibly revamp of the Company’s insurance policies to determine acceptability of risk in accordance with the company’s guidelines and standards.
• Lead underwriting, structuring, revisions and closing of amendments, up sizes and extensions as needed including annual reviews.
• Provide sound underwriting philosophies and discipline across all company business lines and demonstrate operational effectiveness in dealing with claims according to company regulations aimed at meeting customer expectations
• Set appropriate pricing for all key products in all channels and risk classes to ensure that the Company is meeting its stated strategy of underwriting to achieve profit in all products and across all distribution channels
• Innovate product developments to meet consumers’ insurance needs with the aim of generating new business for the brand

Work Relationships:

• Employees & Stakeholders

Educational Requirements

• B.Sc Degree or its equivalent in Business Admin or related field.
• Membership of CIIN is an added advantage.

Experience:

• Minimum of 2 years’ experience with 1 years in a similar or equivalent role in Experience in lending industry, most especially in lead generation, credit underwriting and collections management
• Extensive experience in design of credit policy
• Experience working in credit risk management

Competency Profile
Technical Requirements:

• Ability to design and implement  credit risk framework
• High level of integrity and dependability with a strong sense of urgency and results-orientation
• Ability to decode and implement credit risk framework
• Ability to generate credit leads from farmed leads
• Ability to effectively underwrite according to the company's credit policy and risk framework
• Ability to follow up on disbursed loans and collect repayments with minimal supervision
• Ability to follow up with overdue and recover with minimal supervision
• Ability to maintain proper records for the management

Knowledge & Skills Required:

• Solid working knowledge of risk management
• Commercial focus with demonstrated ability to identify and deliver commercial outcomes
• Thoughtful and demonstrates good judgment and strong decision-making skills
• Strong people management skills
• Results-oriented approach to work; willingness to do whatever it takes to help the team
• Ability to identify and implement efficiencies and process improvements
• Strong problem solving and creative skills and ability to exercise sound judgment and make decisions based on accurate and timely analysis

Requirements:

• Ability to design and implement credit risk framework
• High level of integrity and dependability with a strong sense of urgency and results-orientation
• Ability to decode and implement credit risk framework
• Ability to generate credit leads from formed leads
• Ability to effectively underwrite according to the company's credit policy and risk framework
• Ability to follow up on disbursed loans and collect repayments with minimal supervision
• Ability to follow up with overdue and recover with minimal supervision
• Ability to maintain proper records for the management

What You Will Learn:

• You will learn to move fast, take calculated risks and learn from failures.
• You will develop core management strategies as well as learn the importance of deep dives to resolve problems across geographies.
• Your people management skills will be tested and improved as you engage and interact with colleagues to deliver quantifiable goals that give real business value.
• You will learn to measure and track output and results and how to automate everything that you do.

Benefits

• Agile work culture
• Competitive pay structure
• Performance Bonus
• Flexi work

What We Offer

• Besides an attractive compensation, you will have the opportunity to work with a global leader. We offer a vibrant culture, great work ambiance, super intelligent workforce and a relaxed dress code. We invest in the development of our diverse workforce.
• We aspire to leverage the qualities and appreciate the unique competencies that each person brings to the company. We are also committed to the principles of Equal Employment Opportunities.