Job Title: Administrative Assistant (No Experience UN High School…
Senior Underwriter Jobs – ABSA Bank
Job Title: Senior Underwriter
Organisation: Absa Group Limited (formerly Barclays Bank UK)
Duty Station: Kampala, Uganda
About US:
Absa Group Limited (formerly Barclays Bank UK) is a diversified standalone African financial services group, delivering an integrated set of products and services across personal and business banking, corporate and investment banking, wealth, investment management and insurance. Absa Group Limited is listed on the JSE and is one of Africa’s largest diversified financial services groups with a presence in 12 countries across the continent and around 41 000 employees.
Job Summary: Reporting to the Team Leader Underwriting the main purpose of the role shall be: To make Risk Assessment for all loans with integrity and making appropriately decisions in line with the Absa’s policies and Procedures.
Key Duties and Responsibilities:
Accountability; Assessing of loan applications (80%)
- Assess application as per the Policy guidelines and make appropriate decision (approvals, declines, paused and rejects) in line with discretionary limits.
- Capture fate of loan application on the system and standard template.
- Confirm loan documents include signed offer letter with an offer amount which is within range
- Recommend all approved secured loans for security perfection and issue offer letters.
- For secured loans, sanction the loan, issue offer letter and recommend for security perfection.
- For approved; stamp and sign and update the system and assessment form before forwarding to receipt desk.
- Forward all offer letters to receipt desk for onward submission to branch
Accountability: Control (10%)
- Ensure that all loans meet the set product lending criteria before approval.
- Ensure that all loan applications to be captured on the system.
- Forward all suspicious loan applications to fraud team for investigation.
- Conduct snap checks as assigned by line manager.
- Ensure safe custody of documents (loan applications and supporting documents), tools (Assessors stamp) and passwords to all systems.
- Ensure accuracy of information entered in the system and standard template (assessment form) at all stages of assessment process.
Accountability: Customer Service (5%)
- Respond to queries relating to loan assessing process from various stake holders with the set timelines
- Adhere to timelines within the service level agreements (SLA’s) to ensure efficiency and quick turnaround time (TAT) in loan processing.
Accountability: Contribution to the team (5%)
- Share best practice and any red flags that are a result of the assessment process.
- Support other members of the front-end team and others in the loam processing team when required to ensure business continuity and achievement of business
Qualifications, Skills and Experience:
- The applicant for the ABSA Bank should have relevant qualifications
- Higher Diplomas: Business, Commerce and Management Studies (Required)
How to Apply:
All suitably qualified and interested candidates who wish to join ABSA Group in the aforementioned capacity should apply online at the link below.
Deadline: 30th January 2024
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