Loan Underwriter

Placements24; Stellenbosch; On-site; ZAR 420,000 - 560,000; Full time

Benefits offered by this job

Competitive salary

Medical and retirement benefits

Professional development

Stable institution in Paarl

Supportive team environment

Job summary

Placements24 seeks a meticulous and analytical Loan Underwriter to join our client’s Paarl team. You will evaluate loan applications, review financial documents, and determine eligibility according to credit policies and risk parameters.

Responsibilities include analyzing credit reports, financial statements, and collateral; verifying information; and documenting decisions. The role requires strong attention to detail and the ability to manage a high volume of applications to meet deadlines.

Qualifications

• Bachelor’s degree in Finance, Business Administration or related field.
• At least 3 years in loan underwriting or credit analysis.
• Strong credit risk, financial statement analysis, lending principles.
• Experience with loan origination systems and financial software.
• Excellent analytical skills and high attention to detail.
• Ability to manage high volumes and meet deadlines.

Responsibilities

• Analyze loan applications and credit reports.
• Assess borrower risk and eligibility per policies.
• Verify applicant information and documentation.
• Document decisions with clear rationale.
• Communicate status with loan officers and borrowers.
• Stay updated on lending regulations and market trends.

Skills

Analytical thinking

Attention to detail

Credit risk assessment

Financial analysis

Communication skills

Education

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

Tools

Loan origination systems

Financial software

Job description

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.