Credit Risk Underwriter at Microcred Group

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