Application Deadline: December 4, 2021
Concept Group helps to build and organize teamwork, their office is located at 32 Montgomery Rd, Sabo yaba 100001, Lagos.
Job Title: Lead Underwriter
Location: Lagos
Specialization: Finance / Accounting / Audit
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.
