|
| Equity Bank Tanzania |
Jobs in Tanzania 2024: New Job Vacancies at Equity Bank Tanzania 2024
?UNASUBIRI NINI? FOLLOW US ON INSTAGRAM. CLICK HERE!?
Jobs at Equity Bank, Ajira Mpya Tanzania, Nafasi Za Kazi 2024, Jobs Tanzania 2024
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
Read Also:
-
NEW TANZANIAN JOBS, INTERNSHIPS AND VOLUNTEERING OPPORTUNITIES 2024 (1,475 POSTS)
- CHECK SCHOLARSHIPS OPPORTUNITIES TO STUDY ABROAD CLICK HERE!
- Download Your National ID (NIDA) Number Here | Download NAMBA NA KITAMBULISHO CHAKO CHA NIDA. BONYEZA HAPA!
- PAST PAPERS ZA DARASA LA 7 MPAKA FORM SIX | NECTA AND MOCK EXAMS 1988 – 2019. CLICK HERE!
- Free
CV Writing and Download, Cover/Job Application Letters, Interview
Questions and It’s Best Answers plus Examples. Click Here!
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.
Go to our Homepage To Get Relevant Information.
