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Head of Credit Underwriting (Credit Analyst's Unit)

Fawry Microfinance
Cairo, Egypt
Posted 5 years ago
49Applicants for1 open position
  • 48Viewed
  • 5In Consideration
  • 43Not Selected
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Job Details

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Job Description

The Head of Credit Underwriter Unit is responsible for the proper organization of credit underwriter’s unit, fast and reliable decision-making process, and efficient cooperation between the business and credit administration units.

Main responsibilities and tasks

  • The Head of Credit Underwriter Unit organizes a team of underwriters to review and evaluate loan applications submitted by Loan Officers to identify potential risks of the borrower
  • Controls the performance of underwriters, the decision-making process and subsequent smooth cooperation between underwriter unit and other business and back-office units
  • Proper and fast redistribution of loan applications, ensuring the highest processing speed of applications
  • Assists credit underwriters to verify the accuracy of information received and calculations made during the financial analysis
  • Decides on the credit exposure within his / her level of competence
  • Propose changes and improvements to the existing process to achieve maximum efficiency in the decision-making process
  • Assessment of the underwriters and providing of systematic feedback to subordinate personnel
  • Responsible for the hiring and training of subordinate personnel, as well as loan officers in matters of financial analysis of the client
  • Visits key customers to ensure the control function, on-the-job training of newly hired underwriters and studying of market standards
  • Prepare performance reports related to applications approval / rejection rates, reasons for rejection, processing time of application, etc.
  • Evaluate the performance of loan officers and sales representatives in their ability to conduct proper financial analysis of potential borrowers
  • Identify and report suspicious transactions and decisions to management
  • Guarantee the confidentiality of processed information, both clients and institution

Job Requirements

  • University degree of economics / accounting / banking / finance
  • Excellent spoken level of English (minimum Upper-Intermediate level)
  • Good organizational, communication and presentation skills
  • Experience in credit underwriting of microfinance clients (2 years +)
  • Experience in staff management (1 year +)
  • Ability to make independent decisions
  • Good time management
  • Strong educational skills

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