Senior Executive- Underwriter Bank Loan

2 weeks ago

Mumbai, India timesjobs Full time

Academic Qualification Chartered Accountant or equivalent
Knowledge: Underwriting and analysis experience of loan documents, financial statements, collateral documents, research for specific sector, ability to comprehend complex commercial credits.
Research skills: They require the ability to conduct research into borrowers and industries to be abreast with factors that may affect profitability and the borrowers ability to repay loans.
Knowledge of finance, accounting, Ledger Analysis, statutory dues requirements, lending cycle and ability to read and understand Loan Documents.
Knowledge of financial and accounting software applications. Ability to analyse financial data and prepare reports on procedure performed as per Scope of Work (SOW) & Standard Operating Procedures (SOP).
Prior experience in the financial reporting/general ledger area & performing Bank Audits is added advantage.
Must be computer proficient and able to thrive in a fast -pace setting. Must have operating knowledge of Microsoft Excel and Word.
Strong verbal and written communication skills to work with the lending and credit teams, relationship managers, credit approvers, client, etc.
Strong interpersonal, supervisory and client service skills required.
Ability to multi-task, work under pressure and meet deadlines required.
Self-motivated personality

Job Responsibilities Responsible for underwriting loans and preparing report/presentations
Takes decision on credit applications under the supervision of senior underwriters
Utilizes provided software to score credit applications
Works with the credit administrator on policies and procedures
Undertakes the analysis, evaluation, and underwriting of proposed credit facilities for customers and prospects
Assesses credit opportunities; identifies key risks, and structures alternatives working with relationship managers and credit officers
Responsible for preparing in-depth credit study
Responsible for conducting research on borrowers and industries
Takes ownership of the credit process, making decisions in the best interest of the customer and Bank
Provides support to account officers on customer calls as needed
Responsible for measuring covenants put in place within loan agreements, with a clear understanding of the effect and purpose of those loan covenants, and communicates the compliance of the borrowers to the relationship manager and chief credit officer as needed
Completes annual reviews, modifications, extensions, renewals, and new loan requests for customers with minimal required changes from the credit approvers
Analyzes more complex credits with assistance from senior Bank staff
Applies experience with comparable credits to recommend appropriate covenants, terms, and conditions, and structure for a credit request
Identifies policy exceptions within a credit request
Discusses risk ratings and the rationale for the determination of acceptable credits with the relationship managers (RM) and credit approvers

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