Loan Underwriter

Placements24; Paarl; Hybrid; ZAR 420,000 - 540,000; Full time

Benefits offered by this job

Competitive salary

Benefits package

Professional development

Supportive Paarl office

Job summary

Placements24 in Paarl is seeking a meticulous Loan Underwriter to assess loan applications, analyze borrower credit histories, and ensure compliance with lending policies.

You will evaluate financial statements and collateral, communicate underwriting decisions to loan officers, and monitor portfolios for emerging risks.

Requirements include a Bachelor's degree in Finance or related field, at least 3 years in underwriting, proficiency with underwriting software and MS Excel.

Qualifications

• Bachelor's degree in Finance, Accounting, Economics or related field.
• 3+ years in loan underwriting, credit analysis, or 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.

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.
• Communicate with loan officers and applicants to gather information and explain underwriting decisions.
• Monitor the loan portfolio for risk and identify emerging trends or issues.

Skills

Credit principles

Financial analysis

Lending regulations

Analytical thinking

Decision-making

Problem-solving

Education

Bachelor's degree in Finance, Accounting, or Economics

Tools

MS Office Suite

Underwriting software

Excel

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.