Lead Underwriter Job Vacancy At Concept Group

Lead Underwriter Job Vacancy At Concept Group

A Lead Underwriter job vacancy is currently available at the Concept Group. Applications are hereby invited from suitably qualified individuals who possess all the below-listed criteria.

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The genesis of The Concept Group was initially borne from a functional and structural approach, simply delivering better effectiveness through shared services of back-office functions for its more market-facing organizations.

As the organization grew, the Group along with its member subsidiaries have evolved to embody much more. As a tested guiding light, our core values which we passionately uphold give us a sense of purpose and direction not only in our professional but in our private lives also. These values summarized are based on three pillars; (Great) People, (Continuous) Innovation and the (Ideal) Culture.

Lead Underwriter Responsibilities

• Reviewing & analyzing the creditworthiness of all potential customers based on risk criteria.
• Performing various departmental functions including loan covenant monitoring, risk rating, audit preparation and recovery when assigned by HOD
• Reviewing applications for credit facilities to point out deviations from the company’s credit policy and highlight quality assurance issues in credit proposals received from business areas.
• To evaluate all quantitative details in the applications to make objective decisions based on empirical facts from financial information evaluated.
• Generating and ensuring that all reports as regards Underwriting and Collections are efficiently and effectively carried out
• Implementing policies to guide the activities in Underwriting and Collections and Recovery
• Ensures turn-around time for each transaction is minimized to the barest minimum.
• Ensures the creditworthiness of each transaction especially those above the level of junior underwriter by preparing, reviewing and analyzing risk criteria of potential customers
• Develops and implements strategies for effective credit assessment
• Reviews application of credit facilities and points deviations from the company’s credit policy.
• Highlights quality assurance issues in credit proposals received from business areas.
• Ensuring client details, loan amounts, interest rate, guarantor’s details are appropriately booked
• To communicate to the business areas the credit corners and the quality assurance issues for responses/resolutions.
• Ensuring that all credit approvals, KYC are in place documentation is duly executed and that the company’s interest is well protected.
• Conducting credit search (CRS & CRC Report) on credit bureau database.
• Conducting Email Verification & preparing Transaction Consummation Report.
• Reviewing transactions for final checklist and approval.

Requirements

• A minimum of 7 years progressive experience in Underwriting.
• B.Sc qualification in any Risk or Finance related course.
• Exceptional organizational skills.
• Excellent numeracy savvy.
• Great creative, visionary, and critical thinking skills.