Head of Credit Underwriting job at HR World LTD
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Vacancy title:
Head of Credit Underwriting

[ Type: FULL TIME , Industry: Human Services , Category: Management ]

Jobs at:

HR World LTD

Deadline of this Job:
Friday, November 08 2024 

Duty Station:
Within Tanzania , Dar es Salaam, East Africa

Summary
Date Posted: Wednesday, November 06 2024, Base Salary: Not Disclosed

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JOB DETAILS:
HEAD OF CREDIT UNDERWRITING

INDUSTRY: BANKING
HR World Ltd on behalf of our client, we are looking for Head of Credit Underwriting who will be responsible for managing the credit risk associated with the bank’s loan portfolio. The Head of Credit underwriting will also be responsible in overseeing the credit underwriting process to ensure that loans and credit lines are extended to creditworthy borrowers and that the bank’s risk is managed effectively.

RESPONSIBILITIES;
• Create and periodically update the bank’s credit underwriting policies and procedures to align with regulatory requirements, market conditions, and the bank’s risk appetite.
• Ensure that all credit underwriting practices comply with internal policies, industry standards, and regulatory requirements.
• Oversee the credit analysis associated with new and existing loan applications, ensuring a thorough evaluation of borrower creditworthiness.
• Oversee the review and approval process for high-value or high-risk loans, ensuring thorough analysis and sound decision-making.
• Present credit underwriting decisions and policies to senior management and other stakeholders.
• Implement strategies to mitigate credit risk, including setting appropriate lending limits, collateral requirements, and loan covenants.
• Lead, mentor, and develop the credit underwriting team, including setting performance goals, conducting performance reviews, and providing training.
• Coordinate and support internal and external audits of the credit underwriting function.
• Contribute to the development of the bank’s strategic plans, particularly to credit risk management and lending practices.

QUALIFICATIONS;
• Postgraduate Degree in Business Administration, Banking, or Finance from a recognized University or a professional qualification in Banking or Credit or any other related field.
• 10+ years of banking working experience with at least 5 years at team lead level in Credit Sales, Credit analysis, and/ or Relationship Management roles.
• Credit Analysis certification/CPA /ACCA qualifications required.
• IFRS Proficiency.

Work Hours: 8


Experience in Months: 120

Level of Education:
Postgraduate Degree

Job application procedure
Interested in applying for this job? Click here to submit your application now.

before 8th November 2024M


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Job Info
Job Category: Administrative jobs in Tanzania
Job Type: Full-time
Deadline of this Job: Friday, November 08 2024
Duty Station: Dar es Salaam
Posted: 06-11-2024
No of Jobs: 1
Start Publishing: 06-11-2024
Stop Publishing (Put date of 2030): 06-11-2077
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