Vacancy title:
Senior Credit Underwriter

[Type: FULL_TIME, Industry: Banking, Category: Accounting & Finance]

Jobs at:
Absa Bank

Deadline of this Job:
Sunday, October 12 2025

Duty Station:
Uganda | Kampala | Uganda

Summary
Date Posted: Monday, October 6 2025, Base Salary: Not Disclosed

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JOB DETAILS:

With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

My Career Development Portal: Wherever you are in your career, we are here for you. Design your future. Discover leading-edge guidance, tools and support to unlock your potential. You are Absa. You are possibility.

Job Summary

Reporting to the Credit Underwriting Manager the main purpose of the role shall be:

To make Risk Assessment for all loans with integrity and making appropriately decisions in line with the Absa’s policies and Procedures.

Job Description

Key accountabilities

Accountability; Assessing of loan applications

• Assess application as per the Policy guidelines and make appropriate decision (approvals, declines, paused and 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 approved; stamp and sign and update the system and assessment form before forwarding to receipt desk.
• Forward all offer letters to receipt desk for onward submission to branch

Accountability: Control

Outputs:

• Ensure that all loans meet the set product lending criteria before approval.
• Ensure that all loan applications to be captured on the system.
• Forward all suspicious loan applications to 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 passwords to all systems.
• Ensure accuracy of information entered in the system and standard template (assessment form) at all stages of assessment process.

Accountability: Customer Service

Outputs:

• Respond to queries relating to loan assessing process from various stake holders with the set timelines
• Adhere to timelines within the service level agreements (SLA’s) to ensure efficiency and quick turnaround time (TAT) in loan processing.

Accountability: Contribution to the team

Outputs:

• 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 loam processing team when required to ensure business continuity and achievement of business

Risk, Governance and regulatory:

Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise-Wide Risk Management Framework and internal Absa policies and policy standards. Understand and manage risks and risk events (incidents) relevant to the role.

Role/Person Specification

Technical Skills/Competencies

• Financial statement analysis: Ability to analyse balance sheets, income statements, and cash flow statements.
• Credit Risk Analysis: Understanding of credit risk cycles, risk grading systems, and borrower evaluation.
• Loan structuring: Familiarity with loan terms, covenants, and collateral evaluation.
• Regulatory knowledge: Familiarity with lending regulations and compliance (e.g. FIA, IFRS, Basel III)
• Proficiency in financial software/tools: (e.g. Excel (including formulas, pivot tables, Credit analysis software such as Moody’s Risk Calc, Credit Assessment Tools, Loan Origination Systems)
• Analytical thinking: Strong ability to interpret data and make sound judgments.
• Attention to detail: Ensuring accuracy in credit evaluations and documentation.
• Communication skills: Clear and professional writing and verbal communication for loan memos and stakeholder presentations.
• Decision-making: Confident in making data-driven lending decisions.
• Time management: Ability to meet deadlines under pressure while handling multiple applications.

Knowledge and Experience

Essential

• 3 years’ Experience in Credit Underwriting / Credit Evaluation / Credit Analysis / Credit Sanctioning.
• Experience with a range of  loan types (e.g., Personal loans, SME loans, Mortgages, Secured Loans, USD denominated Loans, Credit Cards, etc.)
• Understanding of Public Sector Lending, Private Sector Scheme and Non-Scheme Lending and the SME Lending Cycle.
• Knowledge of Credit Risk Management.

Preferred

Knowledge of:

• Anti-Money Laundering (AML) practices
• Know Your Customer (KYC) policies
• Customer Protection Principles.
• Credit policies and procedures

Academic Qualifications

Essential

• Bachelor’s degree in finance, Accounting, Economics, Business Administration, or any other Business-Related Field.  

Preferred

• A master’s degree (MBA or Similar)
• Credit Analyst Certification (CCA)
• Chartered Financial Analyst (CFA)
• Certified Risk Professional (CRP)
• Moody’s or S&P Credit Risk training

Training requirements Specific to the role

• Know you customer (KYC) standards
• Customer service, TCF and complaints handling.
• Sanctions and Anti money laundering.
• Information security awareness
• Record management.
• Data Privacy
• Fraud awareness
• Performance development
• Absa retail lending Policies and end to end processes
• Product knowledge (Retail Asset Products)
• Credit Analysis

Preferred

• Credit Analysis Certification Training from any recognized Institution

Education

Higher Diplomas: Business, Commerce and Management Studies (Required)

Work Hours: 8

Experience in Months: 12

Level of Education: bachelor degree

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