Senior Executive- Underwriter Bank Loan

• Location: Mumbai
• Qualification: 2 to 3 years

Academic Qualification

• Chartered Accountant or equivalent
• Knowledge: Underwriting and analysis experience of loan documents, financial statements, collateral documents, research for specific sector, ability to comprehend complex commercial credits.
• Research skills: They require the ability to conduct research into borrowers and industries to be abreast with factors that may affect profitability and the borrower’s ability to repay loans.
• Knowledge of finance, accounting, Ledger Analysis, statutory dues requirements, lending cycle and ability to read and understand Loan Documents.
• Knowledge of financial and accounting software applications. Ability to analyse financial data and prepare reports on procedure performed as per Scope of Work (SOW) & Standard Operating Procedures (SOP).
• Prior experience in the financial reporting/general ledger area & performing Bank Audits is added advantage.
• Must be computer proficient and able to thrive in a fast -pace setting. Must have operating knowledge of Microsoft Excel and Word.
• Strong verbal and written communication skills to work with the lending and credit teams, relationship managers, credit approvers, client, etc.
• Strong interpersonal, supervisory and client service skills required.
• Ability to multi-task, work under pressure and meet deadlines required.
• Self-motivated personality

Job Responsibilities

• Responsible for underwriting loans and preparing report/presentations
• Takes decision on credit applications under the supervision of senior underwriters
• Utilizes provided software to score credit applications
• Works with the credit administrator on policies and procedures
• Undertakes the analysis, evaluation, and underwriting of proposed credit facilities for customers and prospects
• Assesses credit opportunities; identifies key risks, and structures alternatives working with relationship managers and credit officers
• Responsible for preparing in-depth credit study
• Responsible for conducting research on borrowers and industries
• Takes ownership of the credit process, making decisions in the best interest of the customer and Bank
• Provides support to account officers on customer calls as needed
• Responsible for measuring covenants put in place within loan agreements, with a clear understanding of the effect and purpose of those loan covenants, and communicates the compliance of the borrowers to the relationship manager and chief credit officer as needed
• Completes annual reviews, modifications, extensions, renewals, and new loan requests for customers with minimal required changes from the credit approvers
• Analyzes more complex credits with assistance from senior Bank staff
• Applies experience with comparable credits to recommend appropriate covenants, terms, and conditions, and structure for a credit request
• Identifies policy exceptions within a credit request
• Discusses risk ratings and the rationale for the determination of acceptable credits with the relationship managers (RM) and credit approvers

Domain / Industry Preferred

• Chartered Accounting firm, Banks & NBFC