Concept Group Lead Underwriter Jobs in Nigeria

Concept Group Lead Underwriter Jobs in Nigeria


Details

  • The Lead Underwriter is largely responsible for interpreting and implementing guidelines for the underwriting team.

  • He/she regularly carry out risk assessments for various individuals and groups, by using various risk assessment tools, assesses the risk posed by a client or clients' requests to the company in order to minimize, mitigate or totally prevent unnecessary costs for the company and/or expose it to high risks.

  • The Lead Underwriter is also in charge of coming up with policy packages that meet the needs of various clients, while still maintaining company profitability.

    Job Description / Duties

  • Reviewing & analyzing the creditworthiness of all potential customers based on risk criteria.

  • Performing various departmental functions including loan covenant monitoring, risk rating, audit preparation and recovery when assigned by HOD

  • Reviewing application for credit facilities with a view to pint out deviations from the company's credit policy and highlight quality assurance issues in credit proposals received from business areas.

  • To evaluate all quantitative details in the applications with a view to make objective decisions based on empirical facts from financial information evaluated.

  • Generating and ensuring that all reports as regards Underwriting and Collections are efficiently and effectively carried out

  • Implementing policies to guide the activities in Underwriting and Collections and Recovery

  • Ensures turn-around time for each transaction is minimized to the barest minimum.

  • Ensures the credit worthiness of each transaction especially those above the level of junior underwriter by preparing, reviewing and analyzing risk criteria of potential customers

  • Develops and implements strategies for effective credit assessment

  • Reviews application of credit facilities and pointing deviations from the company's credit policy.

  • Highlights quality assurance issues in credit proposals received from business areas.

  • Ensuring client details, loan
    amounts, interest rate, guarantor's details are appropriately booked

  • To communicate to the business areas the credit corners and the quality assurance issues for responses/resolutions.

  • Ensuring that all credit approvals, KYC are in place documentation is duly executed and that the company's interest is well protected.

  • Conducting credit search (CRS & CRC Report) on credit bureau database.

  • Conducting Email Verification & preparing Transaction Consummation Report.

  • Reviewing transactions for final checklist and approval.

    Job Requirements

  • B.Sc qualification in any Risk or Finance related course.

  • Required Qualification: BA / BSC / HND, MBA / MSC / MA

  • A minimum of 7 years progressive experience in Underwriting.

    Skills and Requirements:

  • Exceptional organizational skills.

  • Excellent numeracy savvy.

  • Great creative, visionary, and critical thinking skills.

    How to Apply

  • Interested and qualified candidates should send their CV to:

  • careers@conceptgroup-ng.com using the Job Title as subject of the email.


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