Insurance Jobs – Underwriter – Barclays Bank
Organisation: Barclays Bank UK
Duty Station: Kampala, Uganda
Reports to: Head of Underwriting
About Barclays UK:
Barclays is a British multinational banking and financial services company headquartered in London. It is a universal bank with operations in retail, wholesale and investment banking, as well as wealth management, mortgage lending and credit cards. It has operations in over 50 countries and territories and has around 48 million customers. As of 31 December 2011, Barclays had total assets of US$2.42 trillion, the seventh-largest of any bank worldwide.
Job Summary: The Underwriter will make Risk Assessment for all loans with integrity and making appropriate decisions in line with the Barclay’s policies and procedures.
Key Duties and Responsibilities:
Assessing of loan applications: 80%
- Assess application as per the policy guidelines and make appropriate decision (approvals, declines or 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 rejects and declines; stamp and sign and update the system and assessment form before forwarding to receipt desk.
- Forward all offer letters whose amounts are out of range to the receipt desk for out bound courier.
Control: 10%
- Ensure that all loans meet the set product lending criteria before approval.
- Ensure that all loan applications to be captured on the system and have been vetted with the vetters stamp and signature.
- Forward all suspicious loan applications to the 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 pass words to all systems.
- Ensure accuracy of information entered in the system and standard template (assessment form) at all stages of the assessment process.
Customer service: 5%
- Respond to queries relating to the loan assessing process from various stake holders with the set timelines.
- Adhere to timelines within the service level agreements (SLAs) to ensure efficiency and quick turnaround time (TAT) in loan processing.
Contribution to the team: 5%
- 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 loan processing team when required to ensure business continuity and achievement of business targets.
Qualifications, Skills and Experience:
- The ideal candidate for the Barclays Bank Underwriter job should hold a Bachelor’s degree
- Credit certification from any recognised Institution.
- General banking Knowledge
- Speed and Accuracy
- Computer literacy (strong keyboard skills)
- Analytical ability
- Communication skills
- Decision making skills (judgement skills)
- High level of attention to detail
- Organizational skills
- Interpersonal skills
- Understanding the Barclays end to end retail lending process.
- Extensive understanding and knowledge of Barclays Retail lending policies.
- Knowledge of finance or accounting.
- Know your customer (KYC) standards.
- Customer service, TCF and complaints handling.
- Sanctions and Anti money laundering.
- Information security awareness,
- Good records management skills
- Data privacy.
- Fraud awareness.
- Performance development.
- Barclays retail lending policies and end to end processes.
- Product knowledge (Retail Asset products)
- Transact SM
- Credit analysis.
How to Apply:
If you feel challenged by any of the above positions, and believe you can deliver on key deliverables as outlined above, upload your application letter, current curriculum vitae and photocopies of academic certificate to our recruitment website detail below:
Barclays is an equal opportunity employer that recruits, develops and promotes people on merit, and rewards outstanding performance, regardless of background and gender.
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