Team Lead, SME Underwriting needed at Renmoney

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

• 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

Requirements

• 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

Benefits

• 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.