Senior Credit Underwriter
Full time @Absa Bank posted 1 week ago in Finance Shortlist Email JobJob Detail
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Job ID 63232
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Career Level Officer
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Experience 3 Years
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Gender Both
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Industry Administration
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Qualifications Degree Bachelor
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Job Type Full time
Job Description
Job Summary
Reporting to the Credit Underwriting Manager the main purpose of the role shall be:
To make Risk Assessment for all loans with integrity and making appropriately decisions in line with the Absa’s policies and Procedures.
Job Description
Key accountabilities
Accountability; Assessing of loan applications
- Assess application as per the Policy guidelines and make appropriate decision (approvals, declines, paused and rejects) in line with discretionary limits.
- Capture fate of loan application on the system and standard template.
- Confirm loan documents include signed offer letter with an offer amount which is within range
- Recommend all approved secured loans for security perfection and issue offer letters.
- For secured loans, sanction the loan, issue offer letter and recommend for security perfection.
- For approved; stamp and sign and update the system and assessment form before forwarding to receipt desk.
- Forward all offer letters to receipt desk for onward submission to branch
Accountability: Control
Outputs:
- Ensure that all loans meet the set product lending criteria before approval.
- Ensure that all loan applications to be captured on the system.
- Forward all suspicious loan applications to fraud team for investigation.
- Conduct snap checks as assigned by line manager.
- Ensure safe custody of documents (loan applications and supporting documents), tools (Assessors stamp) and passwords to all systems.
- Ensure accuracy of information entered in the system and standard template (assessment form) at all stages of assessment process.
Accountability: Customer Service
Outputs:
- Respond to queries relating to loan assessing process from various stake holders with the set timelines
- Adhere to timelines within the service level agreements (SLA’s) to ensure efficiency and quick turnaround time (TAT) in loan processing.
Accountability: Contribution to the team
Outputs:
- Share best practice and any red flags that are a result of the assessment process.
- Support other members of the front-end team and others in the loam processing team when required to ensure business continuity and achievement of business
Risk, Governance and regulatory:
Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise-Wide Risk Management Framework and internal Absa policies and policy standards. Understand and manage risks and risk events (incidents) relevant to the role.
Role/Person Specification
Technical Skills/Competencies
- Financial statement analysis: Ability to analyse balance sheets, income statements, and cash flow statements.
- Credit Risk Analysis: Understanding of credit risk cycles, risk grading systems, and borrower evaluation.
- Loan structuring: Familiarity with loan terms, covenants, and collateral evaluation.
- Regulatory knowledge: Familiarity with lending regulations and compliance (e.g. FIA, IFRS, Basel III)
- Proficiency in financial software/tools: (e.g. Excel (including formulas, pivot tables, Credit analysis software such as Moody’s Risk Calc, Credit Assessment Tools, Loan Origination Systems)
- Analytical thinking: Strong ability to interpret data and make sound judgments.
- Attention to detail: Ensuring accuracy in credit evaluations and documentation.
- Communication skills: Clear and professional writing and verbal communication for loan memos and stakeholder presentations.
- Decision-making: Confident in making data-driven lending decisions.
- Time management: Ability to meet deadlines under pressure while handling multiple applications.
Knowledge and Experience
Essential
- 3 years’ Experience in Credit Underwriting / Credit Evaluation / Credit Analysis / Credit Sanctioning.
- Experience with a range of loan types (e.g., Personal loans, SME loans, Mortgages, Secured Loans, USD denominated Loans, Credit Cards, etc.)
- Understanding of Public Sector Lending, Private Sector Scheme and Non-Scheme Lending and the SME Lending Cycle.
- Knowledge of Credit Risk Management.
Preferred
Knowledge of:
- Anti-Money Laundering (AML) practices
- Know Your Customer (KYC) policies
- Customer Protection Principles.
- Credit policies and procedures
Academic Qualifications
Essential
- Bachelor’s degree in finance, Accounting, Economics, Business Administration, or any other Business-Related Field.
Preferred
- A master’s degree (MBA or Similar)
- Credit Analyst Certification (CCA)
- Chartered Financial Analyst (CFA)
- Certified Risk Professional (CRP)
- Moody’s or S&P Credit Risk training
Training requirements Specific to the role
- Know you customer (KYC) standards
- Customer service, TCF and complaints handling.
- Sanctions and Anti money laundering.
- Information security awareness
- Record management.
- Data Privacy
- Fraud awareness
- Performance development
- Absa retail lending Policies and end to end processes
- Product knowledge (Retail Asset Products)
- Credit Analysis
Preferred
- Credit Analysis Certification Training from any recognized Institution
Education
Higher Diplomas: Business, Commerce and Management Studies (Required)
Application Procedure
- Click “Apply to this Job” Green Button
- You will be redirected to the portal
- Scroll below the job Description
- Apply with the Application instructions provided.
Important Notice:
- No payments are required for this application process.
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