Loan Underwriter

Placements24; East London; On-site; ZAR 420,000 - 620,000; Full time

Benefits offered by this job

Competitive salary package

Comprehensive health and retirement

Training and development in creditrisk

Stable, collaborative work environment

Job summary

Placements24 in Queenstown is seeking a diligent Loan Underwriter to assess creditworthiness of loan applicants and manage risk within the banking and finance sector.

You will analyze financial data, review credit reports, and determine lending terms in line with policies and regulatory guidelines. The role offers opportunities for professional growth in credit risk and a collaborative, stable working environment.

Qualifications

• Bachelor's degree in Finance, Business Administration, or a related field.
• Minimum of 3 years of experience in loan underwriting, credit analysis, or a similar role.
• Solid understanding of credit principles, financial analysis, and risk assessment.
• Knowledge of relevant banking and lending regulations.
• Strong analytical and problem-solving skills with keen attention to detail.
• Excellent communication and decision-making abilities.

Responsibilities

• Analyze loan applications, financial statements, credit reports, and other relevant documentation.
• Assess the credit risk and determine appropriate lending terms.
• Ensure underwriting decisions comply with policies, standards, and regulatory requirements.
• Communicate decisions and requirements clearly to loan officers and applicants.
• Identify potential fraud indicators and escalate suspicious applications.
• Maintain accurate records of underwriting decisions and supporting documentation.

Skills

Credit analysis

Risk assessment

Financial analysis

Regulatory compliance

Analytical thinking

Communication skills

Decision making

Education

Bachelor's degree in Finance or related field

Job description

About the Role

Our client is seeking a diligent and analytical Loan Underwriter to join their team in Queenstown . This role is essential in assessing the creditworthiness of loan applicants and mitigating risk for the institution. You will be responsible for analyzing financial data, evaluating risk factors, and making informed decisions on loan approvals, adhering strictly to company policies and regulatory guidelines. This is a key operational role within the banking and finance sector, contributing to sound lending practices in the Eastern Cape .

Key Responsibilities

• Analyze loan applications, financial statements, credit reports, and other relevant documentation.
• Assess the credit risk associated with loan proposals and determine appropriate lending terms.
• Ensure all underwriting decisions comply with company policies, industry standards, and regulatory requirements.
• Communicate decisions and requirements clearly to loan officers and applicants.
• Identify potential fraud indicators and elevate suspicious applications as necessary.
• Maintain accurate and thorough records of underwriting decisions and supporting documentation.

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 similar role.
• Solid understanding of credit principles, financial analysis, and risk assessment.
• Knowledge of relevant banking and lending regulations.
• Strong analytical and problem-solving skills with keen attention to detail.
• Excellent communication and decision-making abilities.

Benefits

• Competitive salary package.
• Comprehensive health and retirement benefits.
• Opportunities for training and professional development in credit risk.
• A stable role within a reputable financial institution.
• Collaborative work environment focused on teamwork.