Senior Underwriting Analyst (Waiver) at Rosabon Financial Services

Job Summary

• The core responsibilities of the Senior Underwriting Analyst (Waivers) is largely to carry out risk assessments of clients’ loan requests that ordinarily do not meet the terms and conditions as contained in the company credit lending policies.
• Special consideration for these class of loan requests provides the company the opportunity to remain competitive and also increase its market but also ensures the company is not unduly exposed.
• The Underwriting Analyst by using various risk assessment tools assesses the risk posed by such requests and provides some mitigating measures to mitigate the likely risk exposure while making recommendations for further processing.

Duties and Responsibilities
The Senior Underwriting Analyst (Waivers) is responsible for:

• Carries out due diligence to determine the creditworthiness of the loan that is contained in the application for “Exceptional Approval. Exceptional Approval Request for this purpose refers to the application made by the sales /business development units department to Executive Management for special consideration on loan requests that fall outside the company’s credit lending policies.
• Review, examine, and carry out a critical analysis of such exceptional approval requests to ascertain loan viability, identify risk issues, and makes sound judgment with justifications with mitigating measures for the loans that qualify for further processing to the next stage and decline the loans that may likely increase the company’s risk exposure.
• Maintains a record of the sources of exceptional approval requests with extreme violations and deficiencies for Management’s attention.
• Provides consistent analysis relating the exceptional approval requests to industry best practices
• Ensures turn-around time for such transactions with exceptional approval requests is minimized to the barest minimum by being timeous in carrying out analysis.
• Carrying out from time to time a comparative analysis of competitors’ methods of handling exceptional loan approval and making recommendations as part of improving the company’s credit lending policies.
• Works closely with the Recovery Analyst and other stakeholders for relevant information to guide decision- making in the consideration of exceptional approval requests
• Reviews and underwrite loan credit facilities request and highlights quality assurance issues that deviate from the company’s lending policies
• Obtain and verify that all loan documentation, such as title documents, loan applications, credit reports, and income and asset declarations are accurate and true
• Ensures adequate documentation of underwritten loans including all the relevant details both for the obligor and the guarantors the ERP and on the individual customer’s files
• Provide inputs and recommendations for improving existing credit lending assessment policies
• Other duties and responsibilities as assigned by Management.

Qualifications

• HND / B.Sc Accounting, Finance, Business Administration, or other relevant fields
• 2 to 3 years relevant experience in Underwriting, Collections, and Recovery
• Strategic thinking; Analytical judgment; Strong interpersonal skills
• Reflectiveness, high attention to detail, Good communication skills
• Optimal decision-making ability, Risk sensitivity, and Motivation to go the extra mile.
• Ability to think on the spot, outside the box, and be innovative.