Senior Credit Analyst, Underwriter, Mortgages & Retail Products

The role of the Job Holder is to take key decisions as well as to underwrite individual applications of Customers applying for Retail Banking products - Mortgage Loans, Personal Loans, Auto Loans and Credit Cards as defined in the Retail Credit Policy of the Bank.

The job holder works as a checker, which means that he/she has delegation to approve high value transactions typically around average AED 2.0 million exposure, and also reviews deviations (out of policy cases) and restructuring cases to be proposed to the delegated authority.

Principal Accountabilities

• Ensure quality underwriting of Credit Applications as per Approved credit policies and within the given Delegation of Authority, with minimum error rate.
• Maintain high level of productivity with no compromise in the quality of processing.
• Check and approve applications within his/her delegation.
• Evaluate and escalate applications with judgemental and deviations on the basis of borrowers' character and integrity, capability of repayment, business, economic and personal conditions, capital input and collateral available to the proper authority as defined in the Credit Policy of the Retail Banking PPGs.
• Communicate the decision to the Front end via an email Draft/Pre-approval Letter.
• Detailed assessment of the Valuation reports along with the details captured on the system and perform comparison using the Reidin System.
• Final Offer Letters to be checked and signed post completion by the maker.
• Reconciliation of invoices for Field Visits and Perfios.
• Analysing and escalating restructure cases.
• Adherence to Operational Risk Guidelines.

Desired Candidate Profile

Qualifications

• Minimum of a Bachelor's Degree.
• Strong working knowledge of business software applications, particularly spreadsheets.

Experience

• Minimum of 4 to 5 years of underwriting experience in credit-related work.
• Written and spoken English; Arabic preferred.
• Good understanding of banking operations, Bank policies, procedures, guidelines, statutory requirements, market conditions.

Skills

• High level of interpersonal and negotiating skills.