Exciting Opportunity: Head of Credit Underwriting Role at Equity Bank

Head of Credit Underwriting at Equity Bank Tanzania: An Exciting Senior Management Opportunity

Company: Equity Bank Tanzania
Position: Head of Credit Underwriting
Job Level: Senior Manager
Reporting To: Head of Credit

Role Overview

Equity Bank Tanzania is seeking a highly skilled and experienced professional to fill the role of Head of Credit Underwriting. This senior management position is crucial in overseeing and managing the credit risk associated with the bank’s loan portfolio. The successful candidate will be responsible for ensuring that loans and credit lines are granted to creditworthy borrowers while maintaining the bank’s risk exposure within acceptable limits.

Key Responsibilities

1. Policy Development and Compliance:

   • Create and periodically update the bank’s credit underwriting policies and procedures to align with regulatory requirements, market conditions, and the bank’s risk appetite.
   • Ensure all credit underwriting practices adhere to internal policies, industry standards, and regulatory requirements.

2. Credit Analysis and Approval:

   • Oversee the credit analysis of new and existing loan applications, ensuring a thorough evaluation of borrower creditworthiness.
   • Manage the review and approval process for high-value or high-risk loans, ensuring thorough analysis and sound decision-making.

3. Stakeholder Engagement:

   • Present credit underwriting decisions and policies to senior management and other stakeholders.
   • Work closely with departments such as commercial, risk management, compliance, finance, and legal to align credit policies with overall bank strategy and market conditions.

4. Risk Management and Strategy:

   • Implement strategies to mitigate credit risk, including setting appropriate lending limits, collateral requirements, and loan covenants.
   • Regularly review the credit portfolio’s performance, analyze trends, and identify potential issues, presenting reports on credit risk and portfolio performance to senior management.

5. Team Leadership:

   • Lead, mentor, and develop the credit underwriting team, setting performance goals, conducting reviews, and providing training.

6. Audit and Process Improvement:

   • Coordinate and support internal and external audits of the credit underwriting function.
   • Continuously seek opportunities to improve credit underwriting processes and systems, leveraging underwriting software tools to enhance efficiency.

Key Competencies

• Credit Analysis Skills
• Financial Acumen
• Leadership and Management
• Performance Management
• Strategic Thinking
• Decision-Making
• Regulatory Knowledge
• Data Analytical Skills
• Communication Skills
• Collaboration and Interpersonal Skills
• Technological Proficiency
• Project Management
• Ethics and Integrity
• Customer Focus

Qualifications and Experience

• Postgraduate degree in Business Administration, Banking, or Finance from a recognized university, or a professional qualification in Banking or Credit.
• Credit Analysis certification/CPA/ACCA qualifications required.
• IFRS Proficiency.
• At least 10 years of banking experience with a minimum of 5 years in a team lead role in Credit Sales, Credit Analysis, and/or Relationship Management.

How to Apply

If you meet the qualifications and are excited about the opportunity to lead the credit underwriting function at Equity Bank Tanzania, please submit your application by quoting the Job reference and title in the subject field to: [email protected]

Deadline: Thursday, 11th August 2024