Settlements Officer

About the role:

The ideal candidate will have a strong background in Australian settlements, credit checks, and underwriting processes. Attention to detail and a thorough understanding of financial and legal compliance are essential for this role.

Key Responsibilities:

Settlements Management:

• Oversee and manage the end-to-end settlement process for a variety of financial products.
• Liaise with internal and external stakeholders, including solicitors, conveyancers, and clients, to ensure seamless settlements.
• Prepare and review settlement documentation to ensure accuracy and compliance with legal and regulatory standards.

Credit Checks and Underwriting:

• Conduct comprehensive credit checks on applicants to assess their creditworthiness.
• Analyze financial statements, credit reports, and other relevant documents to make informed underwriting decisions.
• Ensure all underwriting activities are conducted in accordance with company policies and regulatory requirements.

Attention to Detail:

• Maintain meticulous records and documentation of all settlement and underwriting activities.
• Identify and rectify discrepancies or issues in settlement documentation and underwriting assessments.
• Ensure compliance with all relevant laws, regulations, and company policies.

Communication and Collaboration:

• Communicate effectively with clients, brokers, and internal departments to facilitate smooth settlements.
• Provide clear and concise updates and reports on the status of settlements and underwriting assessments.
• Collaborate with the risk management and compliance teams to ensure adherence to best practices and regulatory standards.

Qualifications and Skills:

• Proven experience in settlements within the Australian financial services industry.
• Strong background in conducting credit checks and underwriting.
• Exceptional attention to detail and accuracy in documentation and data analysis.
• Thorough understanding of Australian settlement processes, legal requirements, and regulatory frameworks.
• Excellent analytical and problem-solving skills.
• Strong communication and interpersonal skills.
• Ability to work effectively in a fast-paced, deadline-driven environment.
• Proficiency in relevant software and tools used in settlements and underwriting processes.