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Title
Text copied to clipboard!Credit Underwriter
Description
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We are looking for a meticulous and analytical Credit Underwriter to join our finance team. The ideal candidate will have a strong background in financial analysis, risk assessment, and credit evaluation. As a Credit Underwriter, you will be responsible for analyzing financial statements, credit reports, and other relevant data to determine the creditworthiness of loan applicants. You will work closely with loan officers, financial analysts, and other stakeholders to ensure that all credit decisions are made in accordance with company policies and regulatory requirements. Your role will involve assessing the risk associated with lending and making recommendations to mitigate potential losses. You will also be responsible for maintaining accurate records of all credit evaluations and decisions. The successful candidate will have excellent attention to detail, strong analytical skills, and the ability to work under pressure. You should be comfortable working with complex financial data and have a thorough understanding of credit risk management principles. If you are a proactive and results-driven professional with a passion for finance, we would love to hear from you.
Responsibilities
Text copied to clipboard!- Analyze financial statements, credit reports, and other relevant data.
- Evaluate the creditworthiness of loan applicants.
- Assess the risk associated with lending.
- Make recommendations to mitigate potential losses.
- Work closely with loan officers and financial analysts.
- Ensure all credit decisions comply with company policies.
- Maintain accurate records of credit evaluations and decisions.
- Prepare detailed credit reports and summaries.
- Monitor and review existing credit accounts.
- Stay updated on industry trends and regulatory changes.
- Communicate credit decisions to relevant stakeholders.
- Assist in the development of credit policies and procedures.
- Provide training and support to junior underwriters.
- Participate in credit committee meetings.
- Conduct periodic reviews of credit portfolios.
- Collaborate with other departments to resolve credit issues.
- Identify opportunities for process improvements.
- Ensure timely processing of credit applications.
- Handle customer inquiries related to credit decisions.
- Perform other duties as assigned.
Requirements
Text copied to clipboard!- Bachelor's degree in Finance, Accounting, or related field.
- Minimum of 3 years of experience in credit underwriting.
- Strong analytical and problem-solving skills.
- Excellent attention to detail.
- Proficiency in financial analysis and risk assessment.
- Thorough understanding of credit risk management principles.
- Ability to work under pressure and meet deadlines.
- Strong communication and interpersonal skills.
- Proficiency in Microsoft Office, especially Excel.
- Experience with credit scoring models and software.
- Knowledge of regulatory requirements related to credit.
- Ability to interpret complex financial data.
- Strong organizational skills.
- Ability to work independently and as part of a team.
- High level of integrity and professionalism.
- Experience in the banking or financial services industry.
- Familiarity with loan processing and approval procedures.
- Ability to handle confidential information.
- Strong decision-making skills.
- Continuous learning mindset.
Potential interview questions
Text copied to clipboard!- Can you describe your experience with financial analysis and credit evaluation?
- How do you assess the creditworthiness of a loan applicant?
- What methods do you use to mitigate credit risk?
- Can you provide an example of a challenging credit decision you made?
- How do you stay updated on industry trends and regulatory changes?
- Describe a time when you had to work under pressure to meet a deadline.
- How do you ensure accuracy in your credit evaluations?
- What software or tools do you use for credit analysis?
- How do you handle disagreements with loan officers or other stakeholders?
- Can you explain your understanding of credit risk management principles?
- Describe your experience with credit scoring models.
- How do you prioritize your tasks when handling multiple credit applications?
- What steps do you take to ensure compliance with company policies?
- How do you handle confidential information?
- Can you describe a time when you identified an opportunity for process improvement?
- How do you communicate credit decisions to stakeholders?
- What strategies do you use to monitor and review existing credit accounts?
- Describe your experience with training and supporting junior underwriters.
- How do you handle customer inquiries related to credit decisions?
- What motivates you to work in the field of credit underwriting?
