Senior Credit Analyst

Commercial Bank of Dubai; Dubai; On-site; AED 167,400 - 279,000; Full time

Job summary

A prominent bank in Dubai is seeking an experienced Underwriter for retail banking products, specifically Business and Mortgage Loans. The ideal candidate will have at least 4 to 5 years of underwriting experience and a solid understanding of banking operations. Responsibilities include ensuring quality credit applications, analyzing financial data, and effective communication with stakeholders. Proficiency in English is necessary; Arabic is preferred. Join a team that values quality and compliance in a dynamic banking environment.

Qualifications

• Minimum of 4 to 5 years of underwriting experience in credit related work.
• Good understanding of banking operations and policies.
• Excellent written and spoken English; Arabic is preferred.

Responsibilities

• Ensure quality underwriting of Credit Applications.
• Maintain high level of productivity with no compromise on quality.
• Analyze credit data to determine risk involved in extending credit facilities.
• Identify and highlight fraudulent activities.
• Communicate decisions to the Front end via email Draft.

Skills

Underwriting

Credit Analysis

Banking Operations

Communication

Job description

Job Purpose

• The role of the Job Holder is to take key decisions as well as to underwrite individual applications of the Company applying for Retail Banking Product i.e Business Loan & Mortgage Loan as defined in the Retail Credit Policy of the Bank.
• The job holder works as a checker, which means that he/she has delegation to approve high value transactions and also reviews deviations (out of policy cases) and restructuring cases to be proposed to the delegated authority.

Job Accountabilities

• Ensure quality underwriting of Credit Applications as per Approved credit policies and within the given Delegation of Authority with minimum error rate.
• Maintain high level of productivity with no compromise in the quality of processing.
• Analyse 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 judgment and deviations on the basis of borrower's character and integrity, capability of repayment, business, economic and personal conditions, capital input and collateral available to the proper authority as defined in the Credit Policy of the Retail Banking PPGs.
• Perform Dedupe for the applications assigned.
• Initiate field visits for respective companies.
• Identify and highlight fraudulent activities.
• Escalate applications post underwriting to delegated authorities for decision.
• Communicate the decision to the Front end via an email Draft/Preapproval Letter.
• Analyse and escalating restructure cases.
• Ensure completion of cases within prescribed TAT and full adherence to SLA with Business Group.
• Adhere to Operational Risk Guidelines.
• Full compliance to all relevant policies and procedures governing Risk-based underwriting & ensure a minimum satisfactory internal audit rating. NO adverse audit findings with high risk impact.
• Resolution of all audit findings within prescribed time frame.

Requirements

• Minimum of 4 to 5 years of underwriting experience in credit related work.
• Written and spoken English – Arabic preferred.
• Good understanding of banking operations, bank policies, procedures, guidelines, statutory requirements, market conditions.