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Jun 19, 2017

SBM Bank Head of Credit Underwriting Job in Kenya

SBM Bank

Job Vacancy: Head of Credit Underwriting

SBM is a leading Financial Services Group present in Mauritius, Kenya, India, and Madagascar and with a representative office in Myanmar. With our entry to Kenya, the Group is expanding into the East African region. 

With a solid track record for over 43 years, we have been constantly building up our strength in innovation, flexibility, accessibility and reliability. These are the key attributes that have contributed to our reputation and trustworthiness.
SBM is one of the leading financial institutions in Mauritius, with total assets of USD 4.37 Billion (KES437 billion) as at December 2016. SBM Holdings Ltd is listed on the Stock Exchange of Mauritius, with a market capitalisation of USD 593 M (KES 59.3 billion) as at 31st January 2017, representing third largest listed company in Mauritius.
As a Group, human capital is at the heart of our development. In our quest to be the Employer of Choice, we are laying increasing emphasis on developing and nurturing our talent pool. SBM is a reference for creating talent for the world of tomorrow.

Open your door to success by joining us in the following challenging position:
Head of Credit Underwriting

Ref: Sbmk/Hcu/03/17
Reporting to the Chief Risk Officer, the job holder will be responsible for supporting Loan Managers and Officers in the credit analysis and underwriting of commercial loan packages. 

She/he will ensure the facilitating of comprehensive credit analysis that evaluates the existing facilities in the portfolio.
Core Responsibilities:
  • Oversees the preparation of credit underwriting and analysis of existing loans in connection with renewals and modifications;
  • Review periodic reporting provided by customers to ensure borrowing base availability as well as to monitor performance;
  • Solicits existing portfolio customers in an effort to increase and retain volume and cross sell Bank products and services;
  • Promotes customer relations;
  • Evaluates financial statements, historical trends, projections, management performance, industry, cash flow, capital structure and collateral analysis;
  • Performs various departmental functions, including loan covenant monitoring, risk rating, stress testing and audit preparation;
  • Orders, reviews and analyzes reports (credit, environmental, appraisal, and property evaluations)
  • Recommends and models appropriate loan structure for new and existing loan relationships;
  • Prepares periodic reviews of existing loans to assess credit quality and covenant compliance
  • Prepares written Credit Memorandums for presentation and approval;
  • Develops underwriting policies for new credit verticals in conjunction with Portfolio;
  • Prepares reports for the portfolio, when necessary;
  • Promotes and monitors customer relationship and growth;
  • Actively participates in research, preparation and execution of customer calls;
Qualifications, Experience & Skills:
  • Degree in Business field preferably in Accounting, Finance or Business Administration
  • Postgraduate qualification will be added advantage
  • Ten (10) years, 4 years of which should have been in senior management position
  • Demonstrated ability to apply industry knowledge to underwriting decision making
  • In-depth underwriting experience in multiple credit verticals
  • Deep understanding of commercial implications of underwriting in the loan cycle
  • Strong communication and analytical skills
  • Experience with financial analysis programs and discounted cash flow models
  • Good interpersonal skills, team oriented, and strong customer service skills.
How to Apply

If you believe in taking new challenges with the right mindset and match the job profile, please send your application letter with your C.V. to:
The Manager, Human Resources,
SBM Bank (Kenya) Limited, 
Head Off ice, IPS Building,
6th Floor, Kimathi Street,
P.O. Box 34886-00160, 
Nairobi, Kenya 

or email to [email protected]

All applications should be received by latest, Friday 30th June, 2017. 

Kindly note: All applications will be dealt with in strict confidence.
The Bank reserves the right to call only the best candidates for interview and not to fill this position following this advertisement.
SBM Bank is a reference for creating talent for the world of tomorrow.
SBM Bank is an Equal Opportunity Employer.
One step in the right direction and a giant leap for your career.

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