Credit Analyst, NZ Experience

This is a fully remote position, open to applicants in Philippines.

📋 Description

• Evaluate client applications along with accompanying documentation such as payslips, bank statements, loan statements, tax returns, and financial accounts.

• Assess income, expenses, assets, liabilities, credit obligations, and deposit positions.

• Determine borrowing capacity, evaluate affordability, and identify any unusual transactions, undisclosed liabilities, or inconsistencies in income.

• Record assumptions, calculations, credit risks, and outstanding requirements, escalating any complex or high-risk files as needed.

• Utilize lender serviceability calculators to model loan amounts, structures, terms, and repayment scenarios.

• Analyze servicing outcomes from various lenders across New Zealand.

• Review proposed lending structures for adherence to lender policy and create scenario summaries.

• Reassess serviceability when there are changes in interest rates, lending requirements, or client situations.

• Conduct research and interpret the policies of both bank and non-bank lenders in New Zealand.

• Maintain internal reference notes, matrices, and policy materials.

• Direct inquiries to lender representatives when permitted and relay policy updates to the advisory team.

• Ensure that applications and their supporting documents are complete, current, accurate, and ready for submission.

• Prepare application summaries and supporting credit documentation.

• Assist in submitting applications through authorized lender platforms and track their progress.

• Manage outstanding conditions, valuations, pricing requests, and approvals.

• Support activities related to purchases, pre-approvals, refinancing, restructuring, top-ups, and rate fixes.

• Keep comprehensive and compliant digital records in MYCRM and NZFSG.

• Document detailed file notes on interactions with clients, advisers, lenders, and third parties.

• Aid in suitability and compliance documentation under adviser's guidance while protecting client confidentiality.

• Identify missing approvals or compliance issues and assist in internal file reviews or audits.

• Reach out to clients for document requests and information clarification without offering unauthorized financial advice.

• Collaborate with lenders, bank assessors, valuers, conveyancers, and accountants.

• Enhance credit assessment templates, calculators, and internal checklists.

⛳️ Requirements

• Proven recent experience as a Credit Analyst, Mortgage Adviser Assistant, Loan Processor, or Parabroker in the New Zealand mortgage sector.

• Strong practical knowledge of New Zealand residential lending, lender policies, and necessary application documentation.

• Hands-on experience with MYCRM and NZFSG is essential.

• Proven ability to complete and interpret lender serviceability calculators, analyze complex income structures, and assess credit risks.

• Exceptional written and verbal communication skills in English.

• High level of numerical accuracy coupled with strong problem-solving abilities.

• Capacity to clearly articulate complex requirements.

• Dependable internet connection and a quiet home-office environment.

• Availability to work during agreed-upon New Zealand business hours.

• A relevant qualification in finance, banking, accounting, business, or financial services is advantageous but not mandatory.

• A New Zealand Certificate in Financial Services or equivalent is beneficial but not essential.

• Equivalent practical experience will be taken into account.

• Preferred: experience in assessing complex applications for first-time homebuyers, current homeowners, and property investors from both bank and non-bank lenders.

• Preferred: experience in evaluating self-employed borrowers and reviewing financial statements and tax returns.

• Preferred: knowledge of the current compliance expectations and standards within the New Zealand mortgage industry.

• Preferred: experience working directly with Mortgage Advisers or business principals.

• Preferred: a record of developing lender matrices, credit assessment templates, or enhancing internal processing workflows.

• Strong self-management skills to handle multiple files concurrently.

• Current knowledge of the evolving credit criteria.

🏝️ Benefits

• Competitive salary and performance-based incentives.

• Opportunities for professional development and training.

• Supportive work environment with a focus on teamwork and collaboration.

• Flexible work arrangements to promote work-life balance.