Senior Underwriter job at Absa Bank

Job Summary
Reporting to the Team Leader Underwriting the main purpose of the role shall be:
To make Risk Assessment for all loans with integrity and making appropriately decisions in line with the Absa’s policies and Procedures.

Job Description
Accountability; Assessing of loan applications
Time split (80%)
• Assess application as per the Policy guidelines and make appropriate decision (approvals, declines, paused and rejects) in line with discretionary limits.
• Capture fate of loan application on the system and standard template.
• Confirm loan documents include signed offer letter with an offer amount which is within range
• Recommend all approved secured loans for security perfection and issue offer letters.
• For secured loans, sanction the loan, issue offer letter and recommend for security perfection.
• For approved; stamp and sign and update the system and assessment form before forwarding to receipt desk.
• Forward all offer letters to receipt desk for onward submission to branch

Accountability: Control
Time split (10%)
Outputs:
• Ensure that all loans meet the set product lending criteria before approval.
• Ensure that all loan applications to be captured on the system.
• Forward all suspicious loan applications to fraud team for investigation.
• Conduct snap checks as assigned by line manager.
• Ensure safe custody of documents (loan applications and supporting documents), tools (Assessors stamp) and passwords to all systems.
• Ensure accuracy of information entered in the system and standard template (assessment form) at all stages of assessment process.

Accountability: Customer Service
Time split (5%)
Outputs:
• Respond to queries relating to loan assessing process from various stake holders with the set timelines
• Adhere to timelines within the service level agreements (SLA’s) to ensure efficiency and quick turnaround time (TAT) in loan processing.

Accountability: Contribution to the team
Time split (5%)
Outputs:
• Share best practice and any red flags that are a result of the assessment process.
• Support other members of the front-end team and others in the loam processing team when required to ensure business continuity and achievement of business

Risk, Governance and regulatory:
• “Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal Absa policies and policy standards. Understand and manage risks and risk events (incidents) relevant to the role.”

Education
• Higher Diplomas: Business, Commerce and Management Studies (Required)

Job application procedure

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