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Job Summary
Job Title:
Senior Underwriter
Employer:
ABSA Bank
Location:
Country:
Contract Type:
Full-time
Job Category:
Bank Jobs
Number of Positions:
1
Deadline:
Tuesday, 6 February 2024
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Kampala, Uganda
Absa Bank Uganda Limited is part of Absa Group Limited, an African financial services group that aims to be the pride of the continent. Absa Group Limited is listed on the JSE in South Africa and is one of Africa’s largest diversified financial services groups with a presence in 12 countries across the continent and around 42, 000 employees.
Absa Bank Uganda Limited is a reputable and innovative financial institution dedicated to empowering individuals and businesses with a comprehensive range of banking solutions that drive sustainable economic growth and community development. With a mission to deliver exceptional financial services and foster lasting customer relationships, the bank has earned significant recognition for its market leadership, commitment to excellence, and strong ethical standards.
Evolving from its humble beginnings into a major player in Uganda’s banking sector, Absa Bank Uganda Limited boasts a dynamic work culture that promotes diversity, continuous learning, and employee empowerment through competitive benefits, flexible work arrangements, and ample career opportunities. Leveraging a modern business model and cutting-edge technology, the bank maintains a broad reach and robust presence in the region, underpinned by core values of integrity, innovation, and customer-centricity.
Its dedication to corporate social responsibility is evident in its active support for community initiatives, educational programs, and environmental sustainability efforts. For more information, visit [Company Website].
Full-time
Deadline:
6 Feb 2024
Senior Underwriter job at Absa Bank
ABSA Bank
Job Description
Duties, Roles and Responsibilities
Qualifications, Education and Competencies
Reporting to the Team Leader Underwriting the main purpose of the role shall be:
To make Risk Assessment for all loans with integrity and making appropriately decisions in line with the Absa’s policies and Procedures.
See all details of the qualifications, competencies and education for this role under the "How to Apply" section below.
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Click the Apply button below
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Go to the "Jobs" tab
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Read the detailed job description, Roles and Qualifications.
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Accountability; Assessing of loan applications
Time split (80%)
Assess application as per the Policy guidelines and make appropriate decision (approvals, declines, paused and rejects) in line with discretionary limits.
Capture fate of loan application on the system and standard template.
Confirm loan documents include signed offer letter with an offer amount which is within range
Recommend all approved secured loans for security perfection and issue offer letters.
For secured loans, sanction the loan, issue offer letter and recommend for security perfection.
For approved; stamp and sign and update the system and assessment form before forwarding to receipt desk.
Forward all offer letters to receipt desk for onward submission to branch
Accountability: Control
Time split (10%)
Outputs:
Ensure that all loans meet the set product lending criteria before approval.
Ensure that all loan applications to be captured on the system.
Forward all suspicious loan applications to fraud team for investigation.
Conduct snap checks as assigned by line manager.
Ensure safe custody of documents (loan applications and supporting documents), tools (Assessors stamp) and passwords to all systems.
Ensure accuracy of information entered in the system and standard template (assessment form) at all stages of assessment process.
Accountability: Customer Service
Time split (5%)
Outputs:
Respond to queries relating to loan assessing process from various stake holders with the set timelines
Adhere to timelines within the service level agreements (SLA’s) to ensure efficiency and quick turnaround time (TAT) in loan processing.
Accountability: Contribution to the team
Time split (5%)
Outputs:
Share best practice and any red flags that are a result of the assessment process.
Support other members of the front-end team and others in the loam processing team when required to ensure business continuity and achievement of business
Risk, Governance and regulatory:
Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal Absa policies and policy standards. Understand and manage risks and risk events (incidents) relevant to the role.”
SERVICES
COMMERCIAL
SERVICES
INDUSTRIAL
SERVICES
RESIDENTIAL
Education
Higher Diplomas: Business, Commerce and Management Studies (Required)
APPLICATION FOR THIS POSITION MUST BE DONE ONLINE:
Are you interested? Click the "APPLY" button below to submit your application.
