Underwriter

Technical Skills:

• Underwriting Expertise: Deep understanding of underwriting principles, particularly in the banking and financial products domain (loans, mortgages, credit products, etc.).
• Risk Assessment: Strong ability to assess risks related to various banking products, understanding how market trends, regulatory changes, and creditworthiness affect the underwriting process.
• Regulatory Knowledge: Familiarity with banking regulations, compliance requirements, and risk management protocols (e.g., Basel III, Dodd-Frank).
• Financial Analysis: Proficiency in financial statement analysis, understanding of key financial ratios, and interpreting credit reports to evaluate borrower ability to repay.
• Data Analysis: Ability to use data analytics tools and financial modeling to assess risk and potential returns for different bank products.

Leadership and Management Skills:

• Team Leadership: Proven ability to lead, mentor, and manage a team of underwriters, ensuring consistent decision-making and adherence to guidelines.
• Strategic Thinking: Ability to align underwriting processes with the bank's overall strategy and goals, ensuring products are profitable and compliant.
• Stakeholder Management: Excellent communication skills for collaborating with other departments (e.g., risk management, compliance, legal, marketing) and external partners (e.g., clients, regulators).
• Problem-Solving: Strong decision-making skills to handle complex cases and find solutions for unusual underwriting scenarios.
• Project Management: Ability to manage multiple projects and workflows, ensuring timely and accurate underwriting while maintaining high standards.

Industry Knowledge:

• Banking Products: In-depth knowledge of the specific products being underwritten (e.g., business loans, credit cards, mortgages) and their associated risks.
• Market Trends: Awareness of economic trends, interest rates, and financial market conditions that affect product underwriting.
• Credit Risk Models: Familiarity with credit risk modeling and scoring systems used in the banking industry.

Technology Skills:

• Underwriting Software: Familiarity with underwriting and financial modeling software, as well as customer relationship management (CRM) tools.
• Automation Tools: Knowledge of how to integrate AI and machine learning into the underwriting process for more efficient decision-making.
• Data Security: Understanding of cybersecurity risks and data protection laws, especially with sensitive financial data.

Communication and Interpersonal Skills:

• Effective Communication: Ability to clearly explain underwriting decisions and rationale to stakeholders, including management, clients, and team members.
• Negotiation Skills: Ability to negotiate terms and conditions with clients and third parties while managing risk.
• Conflict Resolution: Handling disagreements or discrepancies in underwriting decisions effectively and professionally.

Education and Certificates:

• Bachelor's Degree (Mandatory): 
• Finance: A degree in finance provides a strong foundation in financial analysis, risk management, and understanding financial products.
• Economics: Economics offers insights into market behavior, economic policies, and macroeconomic factors that impact the banking industry.
• Accounting: Accounting focuses on financial reporting, which is essential for understanding balance sheets, income statements, and financial risks. 
• Certified Risk Manager (CRM): This certification focuses on risk management, which is central to underwriting, especially in banking products.
• Chartered Banker: A certification specific to the banking industry, which covers banking products, risk management, and compliance issues.
• Certified Underwriter: While not always required, certifications specific to underwriting can be a good addition to a candidate's qualifications.

Please send your CV to the e-mail address in the Apply for job button by mentioning the name of the position you are applying for in the "subject" section.