Underwriting Process and Policy Strategist at The Concept Group

Job Summary

• The Underwriting Policies and Process Strategist will carefully monitor the underwriting unit and constantly define necessary policies and process optimization for effective performance.
• Translating and communicating high-level directions for ‘front line’ underwriters, i.e., underwriters assessing risks on individual accounts, to follow.
• This opportunity is also responsible for effectively guiding every single intermediary step and decision in the underwriting process, resulting ultimately, to a perfectly executed underwriting strategy.

Duties & Responsibilities

• Articulate, design and implement highly effective underwriting processes and translate same into actionable pieces of information that can be leveraged on by the underwriters
• Develop strategies to determine loan risk and customer behavioral trend.
• Partner with business units and other stakeholders to develop credit strategies to meet business goals
• Monitor the existing policies and develop new ones to ensure that the portfolio quality is within expectations while enabling business growth.
• Ensure optimal performance of all automated processes, review same periodically and recommend launches, improvements and changes when necessary.
• Keep abreast of latest analytical tools and techniques and use them to develop strategies
• Develop strong analysis framework that will guide underwriting process.
• Ability to detect and understand competitive differentiators that makes the difference from other processes.
• Ability to build and develop processes that can align the goal and focus of the business.
• Act as gatekeepers to ensure adequately priced and fairly selected exposures are entering the company’s books.
• Monitor competition’s contracts and strategies and with it, ensure adequate benchmarks in line with the company’s risk appetite.
• Assist the sales department to understand how and why certain product features and customers help or hinder risk mitigation and may influence the books.
• Liaise with the product department to analyze all products and product features, and consequently, design an effective strategy around first level analyses before disbursement.
• In this role, you will be responsible for documenting, monitoring, and improving our end-to-end process to manage chargeback risk.
• Develop strategies that can enable risk control.
• Demonstrate a high degree of empathy for the business and customers, and bring creativity and structured thinking towards our processes and procedures.

Requirements

• B.Sc. in Finance, Accounting or any relevant field.
• Have 2+ years of experience managing credit for unsecured lending portfolios
• Highly analytical and love to analyze data to generate information
• Excellent communicator with ability to present and explain your strategies to multiple internal stakeholders
• In-depth knowledge of IFRS principles and changes.
• High proficiency level in excel.
• Ability to effectively lead and direct a team and drive developed strategies