About the Role
The role of the Job Holder is to take key decisions as well as to underwrite individual applications for Retail Banking Products, namely Business Loans and Mortgage Loans, as defined in the Retail Credit Policy of the company. The Job Holder functions as a checker, possessing the authority to approve high-value transactions, while also reviewing deviations (out of policy cases) and restructuring cases to be proposed to the delegated authority.
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Job Accountabilities
- Ensure quality underwriting of Credit Applications as per approved credit policies and within the given Delegation of Authority with a minimum error rate.
- Maintain a high level of productivity without compromising the quality of processing.
- Analyze credit data and company financial statements to determine the degree of risk involved in extending the credit facility.
- Generate financial ratios using computer programs and extended support (Perfios) to evaluate financial status.
- Evaluate and escalate applications with judgmental deviations based on the borrower's character and integrity, repayment capability, business, economic and personal conditions, capital input, and available collateral, to the proper authority as defined in the Credit Policy of the Retail Banking PPGs.
- Perform Dedupe for assigned applications.
- Initiate field visits for respective companies.
- Identify and highlight fraudulent activities.
- Escalate applications post underwriting to delegated authorities for decision.
- Communicate decisions to the front end via an email Draft/Preapproval Letter.
- Analyze and escalate restructure cases.
- Ensure completion of cases within prescribed TAT and full adherence to SLA with the Business Group.
- Adhere to Operational Risk Guidelines.
- Ensure full compliance with all relevant policies and procedures governing risk-based underwriting, maintaining a minimum satisfactory internal audit rating with no adverse audit findings of high-risk impact.
- Resolve all audit findings within the prescribed time frame.
Requirements
Qualifications
- Minimum of 4 to 5 years of underwriting experience in credit-related work.
- Proficiency in written and spoken English; Arabic is preferred.
- Good understanding of banking operations, bank policies, procedures, guidelines, statutory requirements, and market conditions.
