Credit Underwriting Manager

Emirates Islamic; Dubai; On-site; AED 180,000 - 300,000; Full time

Job summary

Emirates Islamic is seeking a Manager – Credit Underwriting in Wholesale Banking, Dubai. You will manage corporate credit requests, assess financial risks, and prepare credit proposals to ensure timely renewals in line with bank policies and UAE regulations.

Work with Relationship Managers and Credit Managers to structure facilities, monitor portfolios, and maintain accurate records while supporting audits and compliance requirements.

Qualifications

• Experience in reviewing NTB/ETB credit proposals.
• Ability to analyze financial statements and cash flows.
• Experience drafting credit proposals and approval memos.

Responsibilities

• Review NTB and ETB proposals and amendments.
• Analyze financial statements, cash flows, and repayment capacity.
• Assess industry risks, business models, and security arrangements.
• Structure credit facilities and propose mitigants with Relationship Teams.
• Prepare credit memos ensuring policy compliance and regulatory requirements.
• Coordinate with stakeholders to secure timely approvals and renewals.
• Maintain credit records and MIS; support internal audits.

Skills

Credit analysis

Financial analysis

Credit underwriting

Trade finance knowledge

Islamic finance knowledge

Treasury products knowledge

Risk assessment

Job description

The Emirates Islamic Credit & Control Unit is part of Wholesale Banking, the unit is responsible for facilitating Corporate Banking Business Units (BU) by efficiently managing all credit related requests, drafting proposals, analyzing risks/ mitigants, ensuring timely renewal of accounts, PD monitoring, EAR account management thereby enabling Business to manage capital efficiently, maximizes earning and accepts risk that is within the risk acceptance criteria of the Bank & UAE Central Bank Regulatory Norms

About the Role

The Manager – Credit Underwriting will support Wholesale Banking by managing corporate credit requests, assessing financial and business risks, preparing credit proposals, and ensuring timely account renewals. The role will work closely with Relationship Managers, Credit Managers and key stakeholders to facilitate sound credit decisions while ensuring compliance with the Bank’s credit policies and UAE Central Bank regulations.

Key Responsibilities

• Review and process new-to-bank (NTB) and existing-to-bank (ETB) credit proposals, enhancements and amendments.
• analyze financial statements, cash flows, repayment capacity and associated credit risks.
• Assess industry-specific risks, business models, security arrangements and other relevant credit parameters.
• Structure credit facilities and recommend appropriate risk mitigants in coordination with Relationship Teams.
• Prepare comprehensive credit proposals and approval memos, ensuring compliance with the Bank’s credit policies and regulatory requirements.
• Manage credit queries and coordinate with internal stakeholders to facilitate timely approvals.
• Ensure timely renewal of credit facilities and proactively monitor assigned portfolios.
• Maintain accurate credit records, MIS and approval documentation.
• Support audit requirements and ensure timely closure of audit observations.

Requirements & Skills

• Minimum 3 years of experience in Credit Analysis or Credit Underwriting, preferably within the UAE banking sector.
• Experience in analyzing financial statements and preparing credit proposals.
• Technical Skills and Knowledge
• Strong knowledge of credit and financial analysis, Trade Finance, Islamic Finance and Treasury products.
• Ability to assess financial risks, cash flows and repayment capacity.
• Knowledge of industry-specific risks across contracting, real estate, manufacturing, services and trading.
• Experience in drafting credit proposals and structuring credit facilities.