Job Opportunities in Nigeria
November 6, 2024
Renmoney
Lagos
FULL TIME
Team Lead, SME Underwriting
The position
We are seeking a highly skilled and motivated SME Underwriting Team Lead to join our dynamic team. As the SME Underwriting Team Lead, you will play a critical role in overseeing the underwriting process for small and medium-sized enterprises (SMEs) seeking financing solutions. Your expertise in credit assessment, risk analysis, and team management will be instrumental in ensuring the success of our underwriting operations and the growth of our portfolio.
Responsibilities
You’ll receive competitive compensation and work with amazing people. You’ll work in a beautiful environment with a flat structure and solve complex, real-world challenges.
We are seeking a highly skilled and motivated SME Underwriting Team Lead to join our dynamic team. As the SME Underwriting Team Lead, you will play a critical role in overseeing the underwriting process for small and medium-sized enterprises (SMEs) seeking financing solutions. Your expertise in credit assessment, risk analysis, and team management will be instrumental in ensuring the success of our underwriting operations and the growth of our portfolio.
Responsibilities
- Manage and train the team of underwriters, fostering a collaborative and supportive work environment. Provide guidance, training, and performance feedback to enhance individual and team performance.
- Coordinate the end-to-end underwriting process for SME loan applications. Review and assess creditworthiness, financial statements, and risk profiles of SMEs to determine eligibility for financing.
- Conduct thorough risk assessments of SME loan applications, evaluating factors such as industry trends, market conditions, and borrower credit history. Ensure compliance with the company's underwriting guidelines and risk appetite.
- Analyze and interprete financial statements.
- Quantitative and qualitative assessment to identify and quantify the financial and business risks of the counterparty.
- Assess or understand the operating environment (i.e. industry, regulatory and legal risk) and how it impacts the risk profiles of clients.
- Make informed and data-driven lending decisions, balancing risk and reward. Collaborate with the Risk Infrastructure Lead to establish credit policies and guidelines for the underwriting team.
- Continue to improve the underwriting process by implementing best practices, leveraging technology, and refining credit risk models. Identify areas for process optimization and lead initiatives to enhance efficiency and accuracy.
- Monitor and manage portfolio, which include making recommendations and/or providing input to further develop the bank’s lending policy.
- Liaise with various business units and stakeholders
- Interact with clients.
- Ensure that all underwriting activities comply with relevant regulations and internal policies. Keep abreast of industry trends and changes in regulatory requirements.
- Collateral Management
- Bachelor's degree in Finance, Economics, Business, or a related field. An advanced degree or professional certifications in Credit Risk Management is a plus.
- Proven experience in credit risk assessment and underwriting of SMEs and big Corporates, with a minimum of 3 years' experience in a leadership or team management capacity.
- Commercial banking experience as a credit analyst
- Modelling, assessing or advising on financial and business risks should form part of this experience
- Strong analytical skills with the ability to interpret financial statements, assess creditworthiness, and make data-driven lending decisions.
- In-depth knowledge of lending regulations, risk management principles, and best practices in underwriting.
- Excellent leadership and interpersonal skills, with the ability to motivate and mentor team members.
- Demonstrated track record of process improvement and implementing automation or technology solutions to enhance underwriting efficiency.
- Effective communication skills, both verbal and written, with the ability to articulate complex financial concepts to non-financial stakeholders.
- A strategic mindset with a keen focus on portfolio performance and risk management.
- Experience in collateral management would be a plus.
You’ll receive competitive compensation and work with amazing people. You’ll work in a beautiful environment with a flat structure and solve complex, real-world challenges.
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