Loan Underwriter

Placements24; Waukee (IA); On-site; USD 22,000 - 36,000; Full time

Benefits offered by this job

Competitive salary

Medical and retirement benefits

Professional development opportunities

Stable, growth‑oriented financial firm

Supportive team environment

Job summary

Placements24 in Paarl seeks a meticulous and analytical Loan Underwriter to join the team, evaluating loan applications to assess risk and determine eligibility for clients in the banking and finance sector.

You will review financial documentation, verify information, and make sound approval or denial decisions based on credit policies and risk parameters, while maintaining accuracy and regulatory awareness. Expected collaboration with loan officers and stakeholders to ensure timely processing.

Qualifications

• Bachelor's degree required in finance, business administration, or related field.
• Minimum 3 years in loan underwriting or credit analysis.
• Strong knowledge of credit risk assessment and lending principles.

Responsibilities

• Analyze loan applications, including credit reports and financial statements.
• Assess borrower risk and determine loan eligibility per policies.
• Verify accuracy and completeness of applicant information.
• Document rationale for approvals, rejections, or modifications.
• Communicate status and requirements with loan officers and borrowers.
• Stay updated on lending regulations and market conditions.

Skills

Credit risk assessment

Financial statement analysis

Lending principles

Analytical thinking

Attention to detail

Education

Bachelor's degree in Finance, Business Administration, or related field

Tools

Loan origination systems

Financial software

Job description

About the Role

Our client is seeking a meticulous and analytical Loan Underwriter to join their team in Paarl . This crucial role involves evaluating loan applications to assess risk and determine eligibility for clients within the banking and finance sector . You will be responsible for reviewing financial documentation, verifying information, and making sound decisions to approve or deny loan requests based on established credit policies and risk parameters. The ideal candidate possesses strong attention to detail and a solid understanding of credit principles.

Key Responsibilities

• Analyze loan applications, including credit reports, financial statements, and collateral evaluations.
• Assess borrower risk and determine loan eligibility in accordance with company credit policies and regulatory requirements.
• Verify the accuracy and completeness of applicant information and supporting documentation.
• Make sound decisions on loan approvals, rejections, or modifications, clearly documenting the rationale.
• Communicate effectively with loan officers, borrowers, and other stakeholders regarding application status and requirements.
• Maintain up-to-date knowledge of lending regulations, industry best practices, and market conditions.

Requirements

• Bachelor's degree in Finance, Business Administration, or a related field.
• Minimum of 3 years of experience in loan underwriting, credit analysis, or a related financial role.
• Strong understanding of credit risk assessment, financial statement analysis, and lending principles.
• Proficiency in loan origination systems and related financial software.
• Excellent analytical skills with a keen eye for detail and accuracy.
• Ability to manage a high volume of applications efficiently while adhering to strict deadlines.

Benefits

• Competitive salary commensurate with experience and qualifications.
• Comprehensive medical and retirement benefits package.
• Opportunities for professional development and career advancement.
• Work within a stable and growing financial institution in Paarl .
• A supportive team environment focused on accuracy and efficiency.