BB UNDERWRITER-(2600010K)
Job Purpose
Conduct full analysis on credit cases submitted for one of Business Banking lending solutions and prepare their credit packages, follow up on their performance to ensure complying with the relevant credit policy, Bank Policies & CBE regulations within the defined TAT.
Credit Underwriting
1. Perform Financial Statement Accuracy checks and receipt of sales info memorandum from RM to ensure portfolio quality.
2. Conduct financial statement spreading and analysis on Business banking company’s financials referred from the Relationship managers to offer them the suitable lending package.
3. Ensure that Credit investigation report is in order with no negative findings to cover all investigation aspects.
4. Pass customers through CSC (Customer screening criteria) to reach customer’s risk grade and ensure their alignment with the bank’s set risk appetite.
5. Prepare the Customer’s “Terms of Lending”/ “Customer Acceptance Criteria” – (Terms of Lending) as per the customer risk grade.
6. Conduct regular customer meetings to clarify on risk points
7. Approve customer’ Buyers and Suppliers based on evaluation of Credit investigation report.
8. Prepare Credit Approval Memo (CAM), presenting the company’s financial parameters matching the relevant policy and write-ups for annual reviews and memos incorporating all risks with strict adherence to CBE and for the annual reviews of the existing clients and new commitments to renew packages.
9. Obtain the necessary approvals of the relevant the approving bodies on Credit packages
10. Provide case feedback on submitted cases form the RMs within the defined TAT to maintain customer satisfaction and set service levels.
Follow up
11. Follow up and track the portfolio in terms of the expiry and renewals of granted facilities in order for the required approvals to be finalized before the target date. .
12. Monitor the facility utilization to ensure that it is within approved limit and structure and ensure prompt settlement of dues.
13. Respond to the recommended actions regarding the Early Warning alarming signals with actionable interactions in a timely manner to maintain portfolio quality.
Policies, Processes and Procedures
14. Follow all relevant department policies, processes, standard operating procedures and instructions so that work is carried out in a controlled and consistent manner
Day-to-day management
15. Follow the day-to-day operations related to own job to ensure continuity of work
Compliance
16. Comply with all relevant CBE regulations, banking laws, AML regulations and internal CIB policies and code of conduct in order to maintain CIB’s sound legal position and mitigate any potential risks
Qualifications & Experience
o Bachelor’s degree of commerce, Business Administration, accounting or equivalent.
o Minimum 4 – 6 for underwriters of lending experience to SME/Midcap segment,
o Credit knowledge & Certification
Skills
o Change management skills
o Strong negotiation and influencing skills
o Ability to analyse and interpret large volumes of data and take decisions
o Strong presence and ability to work with people across functions at all levels
Egypt-Cairo-MERRYLAND
Front Liner
RISK
Day JobJob TypeFull-time Employee
No
Commercial International Bank was established in 1975 as a joint venture between the National Bank of Egypt (NBE, 51%) and the Chase Manhattan Bank (49%) under the name "Chase National Bank of Egypt”. Following Chase's decision to divest its equity stake in 1987, NBE increased its shareholding to 99.9%, changing the Bank’s name to Commercial International Bank (Egypt) S.A.E. NBE’s stake gradually decreased through several public offerings till reaching 18.7%. In 2006, a Consortium led by Ripplewood Holdings acquired NBE stake. In July 2009, Actis, a leading emerging markets private equity firm, invested US$ 244 million to get shares in CIB, acquiring hence 50% of the Ripplewood Holdings Consortium’s stake. Five months later, Ripplewood sold its remaining 4.7% stake over the open market, marking the successful transition of strategic partnership to be with Actis, who then became CIB’s largest shareholder with a 9.1% stake. In March 2014,Actis sold a portion of its holding, representing 2.6% of the Bank’s total outstanding shares, in the open market to a group of international investors. In May 2014, Actis, successfully realised its investment in CIB and sold its remaining 6.5% to Subsidiaries wholly owned by Fairfax Financial Holdings Ltd “Fairfax”.
CIB is Egypt’s leading private sector bank, offering a broad range of financial products and services to its customers, including enterprises of all sizes, institutions, households and high-net worth individuals. CIB strives to provide superior financial solutions to meet all customers’ needs. Having the strongest brand equity rightfully places CIB as the bank of choice for over 500 of Egypt’s largest corporations. CIB shows tremendous potential within the bourgeoning Retail and SME Banking markets. Through its superior management, high-operating standards, corporate governance best practices and training programs,CIB has succeeded in becoming the most profitable commercial bank operating in Egypt for more than 40 years.
