October 5, 2024
Descriptions
Credit Analysts shall be responsible for review of credit applications received from Origination Units, Branches and Business Units.
To review and analyze credit appraisals to ensure that loans are granted in line with the credit policies and procedures, and recommend for approval or denial.
Responsibilities
- Review of applications with emphasis in risk evaluating (Salary, rental and business income, financial, market etc.) and particular focus on repayment risk (cash flow); and recommending for Approval, Denial to Manager Consumer Lending
- Review credit application packages received from Branches and Business & Co-operative Banking, identify missing documents/information and demand submission of the same to ensure that all credit applications meet requirements of Credit Policy and Procedures.
- Review credit applications from Branches and Business & Co-operative Banking and give appropriate recommendations to ensure that they are in line with the credit policies and procedures.
- Review requests for rescheduling/restructuring of loans
- Assessment of proposed Memorandum of Understanding with the Bank
- Communicate with respective business units loan decisions to ensure that proper feedback is given to customers in line with credit policies and procedures.
- Responsible for analyzing income information such as: salary, rent, operating statements and financial/net. worth statements, to determine the appropriate loan size, terms and pricing.
- Orders and reviews third party reports such as: appraisal, environmental reports, Valuation Reports, BOQ and architectural reports, to determine compliance with product lending guidelines, loan terms and conditions.
- Work with Loan Origination team to ensure that all pertinent account documentation is complete and accurate and that all collateral has been perfected/registered
- Structure loan financing based on risk considerations and present credits for approval to appropriate levels of authority with the bank in accordance with bank procedures.
- Review acceptability of Developers thorough analysis of their legal status, credit, character, financial
- condition, motivation for real estate ownership and availability of properties (collateral assets) for closing and adequacy of income.
- Analyze and interpret Credit Reference Bureau Reports
- Assist branches to understand and implement policies and guidelines related to credit
- Asses and give recommendations on proposals to sign Memorandum of Understanding with Employers
- Keeping knowledge of key issues such as legal, market risk and compliance issues
- Timely respond to audit/inspection queries and reports
- Regularly review inspection reports and identify key trends.
OTHER RESPONSIBILITIES:
- Assist in developing/sourcing of credit related bank systems
- Review of the Credit Policy and Credit Operating Manual
- Maintain loan tracking register for all loans/requests processed manually
- Train, and mentor junior staff to ensure their performance is aligned with business goals and objectives
- Review monthly processed loans for the purpose of self-inspection. liaise with business unit in correcting noted gaps
- Perform other duties as necessary to support the goals and objectives of the department and business unit.
- Take part in development of bank consumer products
Requirements
Education Requirements Qualification:
- Bachelor Degree in Commerce, Banking, Economics, Accountancy, Agribusiness, Engineering, Land Management and Valuation, Property Finance or relevant qualifications from recognized academic institutions
- Professional certificate qualification will be added advantage.
Knowledge required:
As an Underwriter has to demonstrate talent in the following areas:
- General experience in banking, accounting, finance, or commercial lending, and in mortgage financing.
- The ability to analyze properties and financial statements and to evaluate the credit acceptability of individuals, partnerships, corporations, and other entities.
- A broad knowledge of lending practices for mortgages and construction loans.
- Knowledge of the income streams and financial structures of individuals, partnerships, and other entities.
- Knowledge of the Mortgage products, policies, lending regulations and standards documentation to enable sound judgment of loan applications.
- Attentive to details and know when to look at factors beyond the numbers in order to make sound decisions.
Skills required:
- Analytical skills – high level of interaction needed in engaging business units and advising customers, and contending with stressful environment
- Good working knowledge of Microsoft Office (Word, Excel etc.)
- Ability to interact effectively with fellow employees in order to promote team work and performance assigned duties
- Effective writing and presentation skills in English and Swahili
- Attentive to details and know when to look at factors beyond the numbers in order to make sound decisions.
Interpersonal and communication skills:
- High level of interaction needed in engaging business units and advising customers, and contending with stressful environment
- Listening skills: valuable in identification of raised issues/problems
- Attention to detail
- Efficiently and accurately reviewing credit applications and staying focused during highly repetitive tasks
- Goal-oriented, reliable, flexible, and confident
- Being self-motivated, highly driven and being able to work independently.
- Organizational and time management skills
- Prioritizing and planning work activities in order to manage time efficiently while handling a high volume of work; and multitasking; being able to work in a dynamic, fast-paced environment.
Skills Required
- Self Motivated
- Critical Thinking
- Strategic Thinking
- Confidence
- Flexible
- Goal Oriented
- Multitasking abilty
- Basic MS Office applications
- Time Management