Underwriting Analyst

The Legends Agency; Cape Town; Hybrid; ZAR 200 000 - 300 000; Full time

Job summary

A financial services organization is seeking an experienced Underwriting Analyst to play a pivotal role in managing loan applications. This senior position requires a strong background in complex lending and risk assessment. The successful candidate will oversee compliance with regulatory requirements and has the potential to evolve into a leadership role in Cape Town. Key skills include effective communication and organizational abilities, as well as a proactive approach to managing the office operations.

Qualifications

• Minimum of four years experience in complex lending, financial services, or the legal sector.
• Previous experience in a leadership role is required.
• Strong risk assessment skills with an understanding of underwriting principles.

Responsibilities

• Manage individual loan applications from initial review to execution.
• Conduct detailed due diligence on complex financial matters.
• Compile asset schedules and underwriting reports.
• Ensure compliance with the company's Credit Policy.
• Communicate with solicitors and borrowers to gather necessary information.
• Prepare loan documentation ensuring accuracy and completeness.

Skills

Complex lending experience

Leadership experience

Excellent communication skills

Organizational skills

Risk assessment skills

Ability to multitask

Adaptability in a fast-paced environment

Job description

Job Location: Remote to start, with a strong possibility of becoming hybrid (Foreshore, Cape Town) three days in-office

Working Hours: 9:00 AM - 6:30 PM SA Time

Reporting to: Risk Manager

Salary: R28,000 - R35,000 per month (negotiable based on qualifications and experience)

About the Role

We are looking for an experienced Underwriting Analyst to join our team. This role requires a high level of autonomy, analytical ability, and leadership skills. The successful candidate will be responsible for managing loan applications from start to execution, conducting in-depth due diligence, and ensuring compliance with regulatory requirements. This is a senior role with the potential to evolve into an office management and leadership position in Cape Town as the team grows.

Key Responsibilities

• Manage individual loan applications from initial review to execution.
• Conduct detailed due diligence on complex financial matters, asset valuations, credit reports, and financial status.
• Assess the prospective borrowers' background, legal case, and supporting documents.
• Compile asset schedules and underwriting reports.
• Identify risks and recommend appropriate mitigation strategies.
• Ensure all transactions comply with the company's Credit Policy.
• Adhere to compliance policies, including AML and data protection, in line with FCA regulations.
• Communicate with solicitors and borrowers via email and telephone to gather necessary information.
• Provide regular updates to senior team members on application statuses.
• Prepare and collate loan documentation, ensuring accuracy and completeness.
• Oversee office operations and assist in managing the growing Cape Town team.
• Potential to step into a leadership role as the team expands, ensuring the efficient functioning of the office.

Key Skills & Experience

• Minimum of four years experience in complex lending, financial services, or the legal sector.
• Previous experience in a leadership role is required.
• Excellent written and verbal communication skills, with the ability to engage professionally with solicitors and senior management.
• Strong organizational skills with the ability to manage a high volume of cases.
• Ability to multitask and prioritize effectively in a fast-paced environment.
• Strong risk assessment skills, with an understanding of underwriting principles.
• High level of adaptability and ability to pivot in a fast-moving business environment.
• Experience in litigation or knowledge of FCA regulations is beneficial but not required.
• Self-starter with a proactive approach and a can-do attitude.
• Ability to work under pressure and handle variable workloads.

Future Growth Potential

This role is more senior than the Underwriting Assistant position and is envisioned to evolve into a leadership role within the Cape Town office. The ideal candidate will be capable of operating independently, allowing the Risk Director to step away from daily operations without concern.

As the team expands beyond six hires, this role will involve managing the office and providing leadership within the underwriting team. The ideal candidate should have a strong background in underwriting or risk assessment, excellent leadership skills, and the ability to oversee office operations efficiently.