Department/Division:
Credit Underwriting - Operations

Reports to:
Supervisor - Credit Underwriting

Job Purpose:
Performs the role for the underwriting of mortgages and business loans.

Duties and Responsibilities:

• Utilize good financial acumen to ensure that sound judgment and initiative is used for sensible underwriting of mortgages and business loans.
• Escalate loans to the next authority level with a recommendation for a decision.
• Gather and/or review background information on loan applicants reviewing credit rating reports; verify employment, debts, estimate monthly payments for any outstanding debts not listed and add them to debts on the application.
• Calculate debt-to-income ratios on loan applicants, and calculate how much of a loan applicant’s debt is secured or unsecured.
• Review, analyse and follow up mortgage loan requests.
• Review, analyse and follow up business loan requests.
• Provides financial advice/guidance to members.
• Assists in the preparation of reports on mortgages and business loans.
• Co-ordinate with relevant departments on the security and disbursements of mortgages and business to ensure compliance.
• Maintains service levels for all underwriting turnaround times as set by management.
• Maintains up-to-date knowledge of general economic conditions or changing trends that may affect the credit union’s competitiveness for providing their loan products.
• Supports the sale, delivery and cross selling of services and products to members.
• Assists in the resolution of members’ complaints.
• Review and approve loans within the assigned In House Loans Committee limit.
• Review and approve loans within an individual assigned limit.
• Review and forward loans (in conjunction with the In House Loans Committee) to the External Credit Committee for decision.
• Review and underwrite staff loans. Also to attend Extra Ordinary Credit Committee.
• Performs any other duties ancillary or related to the foregoing.

 

Qualifications and Experience:

• Bachelor’s Degree in Banking/Finance or a related field
• At least 3 years’ experience in either or a combination of credit underwriting of business

 

Working Conditions:

• Working conditions are normal for an office environment.
• Work may require occasional weekends and/or evening work.
• Frequent travel will be required.
• Infrequent exposure to outdoor elements may be required.

 

Knowledge/Skills and Abilities:

• Good organisational and/or project management skills.
• Good presentation skills
• Good understanding of construction codes and regulations as it relates to mortgages, delinquent and business loans.
• Excellent interpersonal, networking, negotiation and communication skills.
• Ability to multi-task and prioritize workload.
• Excellent time management skills
• Excellent customer service skills
• Team building skills
• Strong analytical and problem-solving skills.
• Ability to operate with minimum of supervision.
• High level of flexibility
• Target focused, self-motivated and driven.
• Team oriented
• Creative problem solver
• Ability to overcome obstacles and appropriately handle irate members/customers.
• Meticulous tendencies
• Results oriented
• Strong work ethic
• Professional judgement

 

Contacts:

• Internal and external members/customers
• General Public
• Government Agencies
• Other financial institutions
• Vendors and other service providers

 

How to Apply:

Applications should be sent to Patricia Archer, Human Resources Department via  jobs@bpwccul.bb

Subject: Credit Underwriting Officer

Deadline: March 15th, 2024

 

We thank all candidates however only shortlisted candidates will be contacted.