Experienced Mortgage Underwriter — Drive Loan Approvals

Placements24; Stellenbosch; On-site; ZAR 360,000 - 540,000; Full time

Benefits offered by this job

Competitive salary

Benefits package

Training & development

Supportive environment Paarl

Job summary

Placements24 in Stellenbosch region seeks an experienced Loan Underwriter to join their team in Paarl. You will assess loan applications, verify financials, and ensure compliance with lending policies and regulatory standards within the Western Cape Banking & Finance sector.

The role requires a Bachelor's degree in Finance/Accounting/Economics and at least 3 years of underwriting experience. You will analyze borrower credit histories, collateral, and risk to support sound lending decisions.

Qualifications

• Bachelor's degree in Finance, Accounting, Economics or related field.
• Minimum of 3 years of experience in loan underwriting or credit analysis.
• Solid understanding of credit principles, financial analysis, and lending regulations.

Responsibilities

• Review and analyze loan applications, including credit reports, financial statements, and supporting documentation.
• Assess the creditworthiness of borrowers and determine the level of risk for each loan.
• Ensure all loan decisions comply with underwriting guidelines, policies, and regulations.

Skills

Credit analysis

Financial analysis

Decision making

Problem solving

Education

Bachelor's degree in Finance/Accounting/Economics

Tools

MS Excel

Underwriting software

Job description

About the Role

Our client is seeking a meticulous and experienced Loan Underwriter to join their team in Paarl . This crucial role involves evaluating loan applications to determine risk and ensure compliance with lending policies and regulatory standards. You will analyze borrower financials, credit histories, and collateral to make informed decisions that protect the bank's assets. This position offers a challenging opportunity within the Western Cape's Banking & Finance sector, contributing to sound lending practices and financial stability.

Key Responsibilities

• Review and analyze loan applications, including credit reports, financial statements, and supporting documentation.
• Assess the creditworthiness of borrowers and determine the level of risk associated with each loan.
• Ensure all loan decisions comply with the bank's underwriting guidelines, policies, and relevant regulations.
• Communicate with loan officers and applicants to gather necessary information and explain underwriting decisions.
• Monitor the loan portfolio for risk, identifying any emerging trends or potential issues.

Requirements

• Bachelor's degree in Finance, Accounting, Economics, or a related field.
• Minimum of 3 years of experience in loan underwriting, credit analysis, or a related banking role.
• Strong understanding of credit principles, financial analysis, and lending regulations.
• Proficiency in using underwriting software and MS Office Suite, particularly Excel.
• Excellent analytical, decision-making, and problem-solving skills.

Benefits

• Competitive annual salary and benefits package.
• Opportunity to work with a diverse range of loan products.
• Ongoing training and professional development opportunities.
• A supportive work environment in Paarl focused on accuracy and compliance.
• Contribution to the financial health and growth of the organization within the Banking & Finance domain.