Emirates NBD
Assistant Manager – Credit Underwriting
- Permanent
- Dubai, United Arab Emirates
- Experience 5 - 10 yrs
Job expiry date: 22/04/2026
Job overview
Date posted
08/03/2026
Location
Dubai, United Arab Emirates
Salary
AED 20,000 - 30,000 per month
Compensation
Job description
The Assistant Manager – Credit Underwriting (Mortgage Loan Risk Assessment) role is part of the Global Credit Department (GCD) Business Banking Credit Underwriting (BBCU) function responsible for underwriting micro SME and mortgage loan products within the United Arab Emirates banking environment. The BBCU underwriting unit manages the credit evaluation and underwriting process for financial products including Merchant Loans, Business Loans, Fleet Finance, and Mortgage Loans for companies and self-employed customers. Within this structure, the mortgage underwriting function supports retail lending for residential and commercial property acquisition, including the purchase of homes, offices, and self-construction on existing land plots. The Assistant Manager is responsible for evaluating mortgage loan applications by assessing the customer’s repayment capacity, financial stability, and creditworthiness based on financial data analysis and risk evaluation frameworks. The role requires reviewing audited financial statements, VAT returns, and bank statements to assess financial health, income stability, and business turnover levels. The professional conducts financial ratio analysis based on audited financials and prepares observations and analytical commentary to support underwriting decisions. Mortgage loan applications must be processed in accordance with Central Bank regulatory frameworks and Emirates NBD product policies, ensuring strict adherence to internal risk management procedures and credit approval guidelines. The role involves applying delegated authority limits to take prudent credit decisions or escalate loan applications with policy deviations and risk mitigants to higher approval levels where required. The Assistant Manager ensures that loan applications are processed within defined turnaround time (TAT) targets while managing daily underwriting volumes. Responsibilities also include maintaining communication with internal stakeholders including sourcing teams and Risk Control Center (RCC) teams to resolve underwriting queries, review relook requests, and ensure alignment with credit policies. The role requires ensuring strong audit outcomes by maintaining compliance with internal audit (INA) and Central Bank regulatory review processes. The Assistant Manager ensures all underwriting decisions follow the bank’s approved policies, processes, and internal control frameworks. The position requires strong expertise in mortgage industry practices, retail credit underwriting, and banking systems such as Finacle, Way4, and FINNONE used to process credit applications. The role also involves strong data analysis capabilities using tools such as Microsoft Excel and Microsoft Word to evaluate financial performance and document credit assessments. The professional is expected to maintain high data quality standards, ensure accuracy of financial calculations, adhere to defined turnaround times, and support operational efficiency in mortgage credit processing within the bank’s risk and control framework.
Required skills
Key responsibilities
- Evaluate mortgage loan applications by assessing customer repayment capacity through detailed analysis of audited financial statements, VAT returns, bank statements, and other financial documentation.
- Perform financial ratio analysis and income or turnover calculations based on audited financials to assess the financial health and creditworthiness of companies and self-employed applicants.
- Underwrite mortgage loan applications in accordance with Central Bank regulatory frameworks and the bank’s approved product policies and underwriting guidelines.
- Ensure compliance with policy criteria by performing deduplication checks, validating customer financial information, and confirming accurate calculation of loan eligibility and approved loan amounts.
- Process mortgage loan applications within defined turnaround time (TAT) requirements while managing daily underwriting workloads and maintaining operational efficiency.
- Apply delegated authority limits to make prudent credit decisions while escalating applications with policy deviations or risk concerns to higher approval levels with appropriate risk mitigants.
- Interact with internal stakeholders including sourcing teams to address underwriting queries, review relook requests, and ensure accurate application evaluation.
- Collaborate with internal departments including Risk Control Center (RCC) teams and other banking units to facilitate loan processing and maintain compliance with internal risk management procedures.
- Ensure satisfactory audit outcomes by maintaining compliance with internal audit (INA) standards and Central Bank regulatory audit requirements.
- Monitor adherence to internal credit policies, underwriting processes, and control frameworks to maintain operational compliance and credit risk management standards.
- Maintain knowledge of mortgage after-sales processes and provide support where required to ensure proper lifecycle management of mortgage loan products.
- Utilize core banking systems including Finacle, Way4, and FINNONE to process loan applications, perform credit analysis, and manage credit underwriting workflows.
- Prepare accurate documentation, underwriting analysis reports, and internal records using tools such as Microsoft Excel and Microsoft Word.
- Maintain high data quality standards by ensuring accuracy, completeness, and timeliness of information captured within banking systems and underwriting documentation.
Experience & skills
- Hold a professional finance or accounting qualification such as Chartered Accountant (CA), Chartered Financial Analyst (CFA), Certified Public Accountant (CPA), or a Master of Business Administration (MBA) in Finance.
- Demonstrate at least 3 years of professional experience evaluating mortgage loan applications within the UAE banking sector.
- Possess a minimum of 5 years of overall experience working within retail credit or corporate credit departments with direct exposure to underwriting activities.
- Demonstrate strong expertise in credit underwriting processes including mortgage loan evaluation, income verification, and financial risk assessment for salaried and self-employed customers.
- Possess strong knowledge of mortgage industry practices and retail lending frameworks applicable within UAE banking environments.
- Demonstrate practical experience reviewing audited financial statements, VAT returns, and bank statements to evaluate borrower repayment capacity and financial stability.
- Apply financial ratio analysis and data analysis techniques to support risk-based lending decisions and identify potential credit risks.
- Possess working knowledge of core banking systems including Finacle, Way4, and FINNONE used for credit processing and loan management.
- Demonstrate proficiency in Microsoft Excel and Microsoft Word for financial analysis, documentation preparation, and reporting activities.
- Exhibit strong written and verbal communication skills in English to prepare credit documentation and communicate effectively with internal stakeholders.
- Maintain strong time management skills and the ability to work under pressure while adhering to turnaround time targets and operational deadlines.
- Demonstrate strong attention to detail and analytical capability to ensure accuracy in financial data analysis and underwriting decisions.