Head of Credit Underwriting at Equity Bank Plc

Equity Bank Tanzania

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Head of Credit Underwriting

Head of Credit Underwriting at Equity Bank August 2024

Job Role: Head of Credit Underwriting
Company: Equity Bank Tanzania
Job Level: Senior Manager
Reporting Line: Head of Credit

Role purpose:
The
Head of Credit Underwriting in a bank is a senior role that carries
significant responsibility for managing the credit risk associated with
the bank’s loan portfolio. This role involves 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.

Here are the key duties and responsibilities typically associated with this position

• 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.
• Work closely with other departments such as
  commercial, risk management, compliance, finance, and legal to align
  credit policies with overall bank strategy and market conditions.
• Regularly
  review the performance of the credit portfolio, analyzing trends and
  identifying potential issues or areas of concern, and present reports on
  credit risk and portfolio performance to senior management
• 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.
• Analyses market trends and economic conditions to inform strategic decisions and adjustments in credit policy.
• Continuously seek opportunities to improve credit underwriting processes and systems to increase efficiency
• Leverage underwriting software tools to streamline the credit evaluation process, to enhance efficiency
• Ensuring
  all underwriting processes are conducted accurately and efficiently
  with a focus on onboarding and maintaining high quality asset portfolio

Key internal stakeholders:

• Management Staff
• Commercial Department
• Trade and Working Capital Solutions Department
• Credit Staff and Direct reports
• Risk Department
• Key external stakeholders
• Regulators including key central bank
• EBTL Clients
• External Auditors

Key competencies for the role

• Credit Analysis Skills
• Financial Acumen:
• Leadership and Management
• Performance Management
• Strategic Thinking
• Decision-Making
• Regulatory Knowledge
• Data Analytical Skills
• Communication Skills
• Collaboration and Interpersonal Skills
• Technological Proficiency
• Project Management
• Ethics and Integrity
• Customer Focus

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Qualifications and Experience

• Postgraduate
  degree in Business Administration, Banking, or Finance from a
  recognized University or a professional qualification in Banking or
  Credit
• Credit Analysis certification/CPA /ACCA qualifications required
• IFRS Proficiency
• 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

How to Apply:
If you believe
you can clearly demonstrate your abilities to meet the criteria given
above, please submit your application quoting the Job reference and
title in the subject field to: TZRecruitment@equitybank.co.tz
Deadline: Thursday 11th August, 2024.
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