Verification & Adjudication Officer

Summary

The Verification & Adjudication Officer is responsible for the verification and assessment of personal\retail credit application and documents to include tasks of verifying the authenticity of the documents presented to the Bank. The incumbent will be required to interface directly with the Human Resources Department for clients personally or in partnership with a Business Development Officer for additional documentation or other queries, as well as liaise with DMU, Credit Administration Units, and Risk & Compliance Department throughout the credit decision making process.

Responsibilities

• • Check uploaded documents for correctness and system input for all loans and update the Loan Automation System to advance the workflow.
• • Obtain/verify necessary information and follow through on documentation, for example job letter or companies audited financial statements.
• • Review and input loan terms and conditions.
• • For motor vehicle loans, review and update the loan application with car details from the motor vehicle documents provided.
• • Request additional information from the Business Development Officer (BDO) at the chosen branch where applicable.
• • Provide sound and timely decisions for conditionally approved applications.
• • Provide sound and timely, well-communicated recommendations to a reviewer regarding credit accommodation outside of BLA.
• • Perform checks Credit Reports, Caseware for PNG, High risk, PEP etc. listing for applicant\borrower.
• • Ensure compliance with the Central Bank regulatory requirements.
• • Ensure a high level of service is always maintained.
• • Any other duties assigned by the Senior Management of the Unit.

Qualifications

• • First degree in Management Studies, Finance, Economics or equivalent with a minimum of three (3) years’ experience in Banking including at least two (2) years’ experience in credit analysis
• • The incumbent understands the commercial bank’s objectives, thorough knowledge of segment, strategies, structure, as well as its lending policies.
• • Knowledge of company policies and procedures including loan application forms and security forms /documentation.
• • Good communication (oral and written) and interpersonal skills are essential to this position. The incumbent must be able to effectively articulate their views both within the Bank, and externally in the marketplace.
• • Strong analytical skills.
• • Knowledge of the Banking Services Act 2014.
• • Good Interpersonal skills to work effectively with customers and team members; ability to understand customers’ individual needs and requirements.
• • Strong knowledge of the Bank’s Credit Policy.
• • Knowledge of Bank Risk & Compliance KYC policies
• • Exposure to identifying fraudulent documents
• • Knowledge of computer applications used by the Bank.
• • Excellent understanding of macroeconomic data and ability to analyze/interpret results
• • Advanced Microsoft Excel analytics
• • Knowledge of Loan Automated System
• • Knowledge of the Bank’s products

About First Global Bank Limited

First Global Bank is a Jamaican-based commercial bank and a wholly-owned subsidiary of GraceKennedy Limited. Operating since 2002, FGB has a reputation of redefining the banking experience through its commitment to technology and a high standard of service delivery. The bank was first to deliver several digital channels including the Caribbean’s First Video Teller Machine and expanded service delivery through agent banking services. FGB also offers one of the best rated online banking platforms (Global Access). First Global Bank currently operates eight (8) main branches and fourteen (14) banking agents across Jamaica.

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