Credit Underwriter

SUMMARY:
The Role:

We are looking for an experienced Credit Underwriter for Sandton. We require a minimum of 5 to 10 Years' Credit Vetting relevant Financial Analysis experience. We are looking for Automotive Industry experience, with relevant work experience in the Leasing environment (min 2 years).

Knowledge of credit and financial services re...

POSITION INFO:
The Role:

We are looking for an experienced Credit Underwriter for Sandton. We require a minimum of 5 to 10 Years'' Credit Vetting relevant Financial Analysis experience. We are looking for Automotive Industry experience, with relevant work experience in the Leasing environment (min 2 years).

Knowledge of credit and financial services regulatory environment requirements.

 

Purpose of the role:

Reporting directly to the Manager: Credit Support. Will take full responsibility for the Credit Vetting of an allocated portfolio of existing and prospective corporate and individual customers making use of financial and other information provided by the customer and/or the relevant credit bureau and standard financial analysis techniques in terms of agreed credit underwriting parameters.

Credit facilities will then be proposed and motivated to the SA Credit Committee.

Will work within all policies and procedures and Group policies and procedures as applicable.

 

Minimum educational level:                                                      

• NQF Level 6 (360 credits) BComm or finance related qualification
• Business Degree will be an added advantage
• 5 Years Credit Vetting relevant Financial Analysis experience
• Relevant work experience in the Leasing environment (min 2 years)
• Commercially aware and credible internally and externally
• Knowledge of credit and financial services regulatory environment requirements

 

Duties and Responsibilities:

Credit Vetting

• To hold and exercise underwriting (credit vetting) authority within limits of authority, responsible for underwriting referrals, ensuring credit policy and parameters are strictly and correctly applied to ensure a consistent approach to credit underwriting decision-making.
• Properly motivating, documenting and recording credit decisions to stakeholders and making full use of the Miles Leasing System credit functionality.
• Collaboration with Dealer FI managers and the external credit bureau and maintaining daily contact and close collaboration.

Service Levels

• Responsible for performance against published service standards in terms of response times and other commitments.
• Liaising with dealers and customers, as appropriate, displaying a customer first service focus in the resolution of disputes as necessary.
• This also extends to communication with SA field operations.

Invoicing Statements

• Ensuring that all financial and related invoice and statement documents are delivered to allocated customers within agreed timeframes.
• Resolve customer and other queries within 2 business days of receipt.
• Responsible for allocated customers within the Accounts Receivable ledger.
• Report status of accounts receivable book weekly and monthly.

Manual and Electronic Collections

• Support the manual and electronic collections process (DebiCheck Debit Orders, Electronic Funds Transfer), ensuring the files are produced by the Miles leasing system and submitted on time to the collecting bank, and stakeholders therein, maintaining daily contact and close collaboration.
• Ensure that dishonoured debit orders and EFTs are processed on the Miles leasing system within the same business day and qualifying transactions are resubmitted for collection in the appropriate
• collection window.
• Cooperate closely with the Accountant to ensure that all collections and reversals are recorded appropriately in the accounting records.

Working as part of SA Team

• Positive and constructive relationships with all staff and management in SA are maintained at a high level.
• Ensure that the Sales New Business department (including Dealer FI) complies with all credit related regulatory, compliance and audit requirements as dictated from time to time by both internal and external auditors.
• Promotion of an environment of continuous improvement through the Company Way and Kaizen.
• Report writing â?? ability to construct logical, concise documents that are appropriate to the intended recipients.

 

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